Russia Briefing is a magazine and daily news service about doing business in Russia. We cover topics relating to the Russian economy, the market in Russia, foreign direct investment and Russian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates
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Russia Briefing MagazineUnderstanding Russian Accounting Principles |
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In this new issue of Russia Briefing, we compare Russian accounting standards with U.S. generally accepted accounting principles. We first look at some of the main differences between Russian accounting and U.S. GAAP including the difference in documentation, timing, the chart of accounts, division of cost types, provisions and accruals, expense and revenue recognition, and multiple element sales. We also examine how revenue is handled, how to structure a transformation from Russian accounting principles to U.S. GAAP, and the industry and business specific differences between Russian and U.S. accounting. The final article in this issue reports on the growing trade opportunities that exist between China and Central Asia, focusing on the newly formed special economic zone in the Xinjiang border town of Yili. |
PURCHASE NOWEstablishing Business in Russia |
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This inaugural issue of our new Russia Briefing title brings the compliment of BRIC nation titles and web sites under the umbrella of our Asia Briefing publishing business to three of the four. Indeed, the three nations we now cover, China, India and Russia, have shared interests and a long trilateral history and trade relations. |
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Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Russia and Asia. These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about our practice, and our partner firm in Moscow and St.Petersburg, please contact us at russia@dezshira.com. Download our corporate brochure or visit at us www.dezshira.com.
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