The transition to CFC statements 5/2019 'Reserves' a retrospective change in accounting policy

The article describes the procedure of transition to the retrospective inventory in accordance with the new Federal accounting standard 5/2019 “Reserves” in case of medical reporting organisation will take such account of the decision and will put priority in favor of the principle of comparability in the financial statements to the detriment of rationality, applicable to accounting. A key change in the way work in progress and finished products are accounted for is that organizations do not have a choice in accounting for management expenses — all organizations must recognize them as expenses of the current reporting period.