The fundamental structure of accounting is formed in close relation to the social and economic environment in which each accounting entity operates, and since 1917, Russian accounting has developed differently from capitalist accounting, reflecting the socialist production relations that began to be established through the socialist revolution. The purpose of socialist Russian accounting is to provide information suitable for the allocation of economic resources and the control objective of protecting socialist property in order to maintain and develop the socialist economic system. In terms of information characteristics, it emphasizes precision, completeness, and uniformity of information processing rather than characteristics related to information disclosure such as understandability and neutrality. Because Russian accounting aims to manage socialist property by ascertaining the totality of economic resources held by individual accounting entities and securing funds for the replacement of production facilities as primary objectives, the balance sheet is regarded as the most important financial statement, and property inventories and income-expenditure statements are prepared and reported. Asset valuation follows the historical cost principle, with revaluation permitted for current assets, and the fixed-asset ordering method is adopted instead of the current-asset ordering method used in Korean accounting. Depreciation is not merely treated as an expense; the depreciation amount is actually set aside as a separate fund for the purpose of replacing the asset in question. The use of numerous adjustment accounts for the convenience of accounting treatment is also a distinctive characteristic of Russian accounting. Since 1991, Russia has been implementing the selection of account titles and standardized accounting treatment in accordance with the "Chart of Accounts for Enterprise Financial and Economic Activities" promulgated by the Ministry of Finance.