Disclosure of Information on Cash Flows of Commercial Organizations of the Russian Federation and Mongolia in the Conditions of Development of Market Relations

Abstract

This article is devoted to a comparative description of approaches to the organization and improvement of accounting for cash in countries with pronounced national characteristics - the Russian Federation and Mongolia. The article sets the goal of studying the transformation processes of regulatory and legal support of accounting for cash in the Russian Federation and Mongolia during the transition from an administrative command economy to a market economy. The changes in the structure of cash, priorities of functions and tasks of their accounting are described. An assessment is made of the degree of adaptation of the regulatory and methodological support of cash accounting to conflicting requirements, on the one hand, unification of the accounting process in accordance with International Financial Reporting Standards (IFRS), and on the other hand, the need to ensure a certain autonomy within the framework of preserving national characteristics.