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Russia is making a regular work to migrate in the direction of IFRS, but this will acquire many years. At this time, the most significant variations are:
Less than Russian GAAP, only These transactions which really transpired and which might be supported with signed files is usually recorded in the accounting method.
To empower you, cause you to far more well-informed and to indicate the complexity of accounting in Russia, We now have illustrated 10 most frequent accounting transaction in Russian accounting. You may recognize exactly what the accounting looks like in Russia behind a company auto invest in.
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