ABSTRACT
The development of accounting in Russia is at the government’s initiative and under its control. Use of International Financial Reporting Standards (IFRS) took effect under law from 2011. The researchers draw on a significant and growing body of work published in Russian. One challenge is the potential for conflict between IFRS and the Russian accounting and legal tradition. Another challenge is translating IFRS into Russian. The authors point out that the language does not have a strict word order, and the words have no clear hierarchy. Initial research is largely descriptive but is identifying new topics such as applying standards in the State sector.
