Assessing financial performance of Russian companies remains a challenge for U.S. firms making direct and portfolio investments in Russia. Substantial differences between GAAP, OCBOA, and Russian accounting regulations make comprehension of financial statements extremely complicated.

The differences in accounting methods include (but not limited to) the following deviations from GAAP:

1. Lenient disclosure requirements
2. Substantial differences in accounting for fixed assets (possibility to increase fixed asset value up to fair market value)
3. Amortization of goodwill
4. Lack of consolidation standards.

To make the correct decision in such environment, you need someone familiar with GAAP & Russian Accounting Regulations to use them to your best advantage.

Necco can assist you in solving those and many other problems related to the Russian accounting practices & taxation issues.