Abstract: This article discusses the issues of identification, recognition, initial and subsequent assessment, write-off, as well as reflection in accounting and financial statements of capital investments in accordance with the current regulatory framework and the new federal accounting standard 26/2020 "Capital Investments", which is being implemented from 2022. The object of the study is the issues of improving the accounting of these assets, and the subject of the study is a set of provisions on accounting and financial reporting of capital investments in modern accounting of economic entities. Attention is paid to the problems and criteria for the recognition of these assets, the justification of the definition of costs that form the cost of capital investments, issues of impairment and other fundamental issues that need updating. The main conclusions of the study are the marked positive trend in the convergence of the Russian rules of accounting for capital investments in accordance with international financial reporting standards, which will make the reporting of Russian enterprises accessible to the international community, attract investment in the Russian economy and strengthen the security of the Russian Federation on the world stage. The scientific novelty of the research lies in the theoretical and methodological substantiation of the methodology of identification, recognition, evaluation and reflection in accounting and reporting of capital investments in accordance with the new federal accounting standard being put into effect. A special contribution of the authors lies in the comparative analysis and formulation of the directions of adaptation of the accounting policy of economic entities in accordance with changes in accounting legislation in relation to capital investments.

Abstract: The subject of this research is the complex of the theoretical methodological issues of preparation of reports on revaluation of stock in accounting. The object of this research is the following evaluation of material stock and reflection of its changes in accounting. The authors examine the questions of revaluation of stock from the positions of current accounting legislation, international standards of financial reporting, draft of federal standard for accounting “Stock”, and conduct critical analysis of the norms with proposals for reflecting revaluation with consideration of innovations in legislation. The novelty of this research consists in the theoretical methodological substantiation of the methodology of accounting reports of revaluation of stock with consideration of the draft of federal accounting standard “Stock”.