Problematic Aspects of the Draft New IA S 1 on the Formation of Financial Statements

The International Financial Reporting Standards Board (IFRS) IASB currently works on the draft new IAS 1, which would significantly improve financial reporting regulations. analysis of this allows to conclude that several innovations aimed at achieving goal simultaneously lead emergence important problems in above field reporting. authors have already addressed future 1 previous issue journal “Accounting. Analysis. Audit”. They paid attention connection with changes names forms, regulations for dividing into six categories income and expenses presented statement (reports) profit or loss other comprehensive expenses, as well requirements regarding methods recording operating statement. This paper studies remaining associated project, overcome them. methodological base research includes a critical content project terminology’s results study identify major caused by rationale recommendations their solution. Also, will be useful wide range readers interested reforming approaches reporting, can used practical work accounting departments, educational process higher institutions development improvement relevant