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Larissa Nechaeva
Before the mid-1990s, all Russian enterprises calculate only taxable profits. This figure was reported in financial statements and was useful primarily for tax authorities. Following changes made to the Government Resolution #552 on 1 July 1995, the profit determined for tax purposes ... ... recognized in financial statements using «tax» rules (i.e. statutory norms) despite the fact that, in accordance with PBU#6 «Accounting for Fixed Assets», enterprises can choose other economically sound calculation techniques. The tax treatment prevails ...
A regular meeting of the Financial Reporting Council (FRC) took place on February 13, 2002. The results of the meeting were presented to the Standards Advisory Council (SAC) at IASC Board. The SAC meeting was held in London on 18 – 19 February 2002.
A regular meeting of the ...