Admissions in accounting in IFRS-basedaccountability of small enterprises

In this article the authors compare rules and admissions to be observed in the accounting in accordance to the
Russian legislation, and the fundamental admissions as determined by IFRS. The authors raise a problem of deviation
from the rules and admissions done by small enterprises. The authors also consider how necessary it is to form
professional accounting judgment in the sphere of IFRS-based accounting in small enterprises.

accounting principles, rules of accounting, rules and admissions, fundamental admissions, IFRS, small enterprises