Accounting and reporting of investment real estate: new approaches and controversial aspects

The development of market relations in the healthcare system increases the interest of medical organizations in acquiring investment real estate. Not so long ago, significant changes occurred in Russian regulatory documents regarding the accounting of investment real estate. Such real estate began to be isolated from other assets of organizations. Russian accounting standards introduced new rules for the recognition, initial and subsequent assessment, accounting and reflection in the reporting of these objects. The article examines the features of the approaches of FSBU 6/2020 “Fixed Assets” to the accounting and reporting of investment real estate. These approaches are compared with the regulations on accounting and reporting of investment real estate in the international standard IFRS (IAS) 40 “Investment Property”. Both aspects of convergence of Russian and international rules for accounting for investment real estate and the differences between them are identified. Controversial and problematic aspects of the rules for accounting for investment real estate in Russian and international standards are substantiated. Ways to solve problematic and controversial issues of accounting for investment real estate are argued.