Author: Aleksey Yu. Popov, Cand. Sc. (Ec.), Assistant­Prof. of Accounting and Audit Dept., Urals State University of Economics

Abstract: The article is devoted to the analysis of the existing accounting standards and international rules of accounting interests on borrowings. The current editions of statutory documents contain a sufficient number of controversial issues. The paper includes the author’s interpretation of applying norms and determines the directions of integration of domestic and international accounting rules.

Keywords: Loans, investment assets, interests on borrowed funds, accounting, International Financial Reporting Standards, capital investments