TY  - JOUR
T1  - Challenges of the Practical Application of International Accounting Standard on
Property, Plant and Equipment by Russian Companies
AU - Kulikova, L.I. AU - Druzhilovskaya, T.U. AU - Druzhilovskaya, E.S. 
JO  - Journal of Engineering and Applied Sciences
VL  - 13
IS  - 3
SP  - 569
EP  - 574
PY  - 2018
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2018.569.574
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2018.569.574
KW  - Property
KW  -plant
KW  -equipment
KW  -fair value
KW  -cost model
KW  -revaluation model
KW  -impairment of assets
KW  -depreciation
KW  -measurement
KW  -accounting
AB  - This study examines the problems of application of regulations of International Accounting
Standards (IAS) on property, plant and equipment in the Russian practice. The researchers reviewed the
consolidated financial statements of 40 largest Russian companies of non-financial sector, reported for
2013-2015. As a result, the most common options for property, plant and equipment accounting under IAS,
chosen by the majority of Russian companies were revealed. Also, the main problems arising from the
acceptance and subsequent accounting of property, plant and equipment according to IAS in the Russian
practice are defined in the study. The researchers have proved proposals for addressing the identified problems.
ER  -