Development of the methodology for the formation of the Statement of Financial Results in the system of Russian accounting standards

Abstract

The article examines methodological approaches to the formation of the most important reporting form that characterizes the performance of organizations — the Report on Financial Results. The program for the development of federal accounting standards provides for the adoption of a standard dedicated to financial statements, which, among other things, will contain regulations for the formation of a Report on financial results. Currently, Draft FSBU 4/2023 “Accounting (financial) statements” has been developed and published for discussion. This article examines the methodological approaches presented in this Project to the preparation of the Statement of Financial Performance. Comparison of the regulations for the formation of the Statement of Financial Results proposed in the FSBU Draft 4/2023 with methodological approaches to the formation of this reporting form in the current PBU 4/99 “Accounting statements of the organization” and the Order of the Ministry of Finance of Russia No. 66n dated July 2, 2010 “On Forms of Accounting Statements of Organizations”. Both expedient and debatable aspects of methodological approaches to the formation of the Statement of Financial Results in the Draft FSBU 4/2023 “Accounting (financial) statements” are identified. Recommendations for solving debatable methodological issues are argued.