Wednesday, January 29, 2014

Russian Accounting

russian accounting The previous Russian accounting standards are still being used and creating much turmoil today. monetary statements are inaccurate turning profits into losses and dynamical losses into earnings (vice versa). One topic covered in the article was the strict enforcement of laws. The soviet central planners dont give accountants enough freedom for them to think for themselves. Instead of allowing accountants to set depreciation valuate according to real wear and tear the state publishes a book dictating the life span of everything from wooden chairs to tools. Another cut off covered in the article was the banking problems in the Russian nation. Russian banks keep obsolete equipment on their books for a long period. The assemble Bank is attempting to change this and is pressuring the banks to disclose the true state of their finances. The duad issues discussed in the article give the idea of a bad cultural characteristic of the Russian nation. The use...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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