The financial component in assessing the value of contractual obligations

Abstract

The financial component of the organization's activities or the objects of its accounting has always been in the focus of economists' research. Unfortunately, it should be noted that for accounting based on normative economics, the reflection of the financial component of the value of contractual obligations remains without due attention. At the same time, the assessment and reflection in accounting and reporting of the value of contractual obligations expands the scope of accounting, makes its information promising and more significant for financial analysis and improving the effectiveness of the implementation of financial relations. The financial component in assessing the value of obligations in an exchange transaction involves a rather complex, sometimes ambiguous, process. To study it in the concept of accounting for contractual obligations, the main attention should be paid to the recognition of contractual obligations, the assessment of monetary assets and liabilities that ensure the reflection of these objects as accounting objects, as well as the processes of their transformation into facts of economic life.