K. K. Kumekhov, Mariya V. Petrovskaya, Georgii K. Kumekhov
Subject. This article analyzes the processes and phenomena associated with the justification of the need to develop and use a mechanism for improving accounting and reporting of subordinate educational institutions of the Ministry of Culture of the Russian Federation. Objectives. The article aims to show the need to develop a mechanism for improving accounting and reporting, using the case of subordinate educational institutions of the Ministry of Culture of Russia, and substantiate the advantages of its use to improve the quality of information support for users. Methods. For the study, we used the methods of analysis, synthesis, comparison, modeling, case study, etc. Statutory documents in the field of regulation of accounting and reporting in budgetary organizations, factual materials, as well as the opinions of experts and practitioners were used as a methodological basis. Results. The article defines the essence of the concept of Mechanism for Improving Accounting and Reporting and the algorithm for its development. It justifies the need to use this mechanism to more fully meet the information requests of users of accounting information and reduce the time and money spent on its compilation. Conclusions and Relevance. The current system of accounting and reporting of budgetary educational institutions does not provide adequate quality of information support to users of financial statements, causes a decrease in the effectiveness of management decisions, and unjustified time and money costs. The presented mechanism can be used to develop appropriate domains in the Electronic Budget system and adapted to the features related to the goals and organizational specifics of State-funded institutions, and thus, can contribute to improving the quality of information support for users and reducing time and money costs for these purposes.
{"title":"On the mechanism for improving accounting and reporting of subordinate educational institutions of the Ministry of Culture of the Russian Federation","authors":"K. K. Kumekhov, Mariya V. Petrovskaya, Georgii K. Kumekhov","doi":"10.24891/ia.26.6.620","DOIUrl":"https://doi.org/10.24891/ia.26.6.620","url":null,"abstract":"Subject. This article analyzes the processes and phenomena associated with the justification of the need to develop and use a mechanism for improving accounting and reporting of subordinate educational institutions of the Ministry of Culture of the Russian Federation.\u0000Objectives. The article aims to show the need to develop a mechanism for improving accounting and reporting, using the case of subordinate educational institutions of the Ministry of Culture of Russia, and substantiate the advantages of its use to improve the quality of information support for users.\u0000Methods. For the study, we used the methods of analysis, synthesis, comparison, modeling, case study, etc. Statutory documents in the field of regulation of accounting and reporting in budgetary organizations, factual materials, as well as the opinions of experts and practitioners were used as a methodological basis.\u0000Results. The article defines the essence of the concept of Mechanism for Improving Accounting and Reporting and the algorithm for its development. It justifies the need to use this mechanism to more fully meet the information requests of users of accounting information and reduce the time and money spent on its compilation.\u0000Conclusions and Relevance. The current system of accounting and reporting of budgetary educational institutions does not provide adequate quality of information support to users of financial statements, causes a decrease in the effectiveness of management decisions, and unjustified time and money costs. The presented mechanism can be used to develop appropriate domains in the Electronic Budget system and adapted to the features related to the goals and organizational specifics of State-funded institutions, and thus, can contribute to improving the quality of information support for users and reducing time and money costs for these purposes.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"80 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87260727","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. The article deals with the issues of organization of an effective system of financial planning of accounts payable and the practical possibilities of using forecasting tools for the purposes of financial management of an economic entity. Objectives. The article aims to develop methodological approaches to forecasting the accounts payable of the economic entity in the context of financial management. Methods. For the study, we used prospective analysis and synthesis, generalization, comparison, systems approach, and the time series decomposition technique. Results. The article substantiates the necessity of building a forecast of the economic entity's accounts payable in the context of financial management, proposes forecasting based on a time series model, and reveals methodological aspects of preparing a pro forma balance sheet of debt movement to creditors. Conclusions and Relevance. Accounts payable forecasting as a financial management tool is one of the stages in the formation of the cash budget and pro forma balance sheet of an economic entity. The results of the study can be applied by accountants, financial controllers and specialists of the management accounting service in the process of accounting and analytical work for the organization of financial management of accounts payable of an economic entity.
{"title":"Accounts payable forecasting in financial management: Opportunities and limitations","authors":"L. Sungatullina, Leila R. Rafigullina","doi":"10.24891/ia.26.6.645","DOIUrl":"https://doi.org/10.24891/ia.26.6.645","url":null,"abstract":"Subject. The article deals with the issues of organization of an effective system of financial planning of accounts payable and the practical possibilities of using forecasting tools for the purposes of financial management of an economic entity.\u0000Objectives. The article aims to develop methodological approaches to forecasting the accounts payable of the economic entity in the context of financial management.\u0000Methods. For the study, we used prospective analysis and synthesis, generalization, comparison, systems approach, and the time series decomposition technique.\u0000Results. The article substantiates the necessity of building a forecast of the economic entity's accounts payable in the context of financial management, proposes forecasting based on a time series model, and reveals methodological aspects of preparing a pro forma balance sheet of debt movement to creditors.\u0000Conclusions and Relevance. Accounts payable forecasting as a financial management tool is one of the stages in the formation of the cash budget and pro forma balance sheet of an economic entity. The results of the study can be applied by accountants, financial controllers and specialists of the management accounting service in the process of accounting and analytical work for the organization of financial management of accounts payable of an economic entity.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"87 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84111976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
G. Ostaev, G. Klychova, E. Shlyapnikova, I. Selezneva, I. Selezneva, Regina I. Nurieva
Subject. This article deals with the issues of documenting the business operation items related to the recognition, revaluation and write-down of intangible assets. Objectives. The article aims to investigate and systematize the provisions that reveal the features of documenting transactions for the acquisition, creation, revaluation and write-down of intangible assets, as well as reveal the content and composition of the details of primary documents on the revaluation of intangible assets. Methods. For the study, we used the information retrieval, consolidation, and event modeling techniques. Results. The article proposes an author-developed primary document form for practical application, which records the results of the revaluation of intangible assets. The information contained in this document may serve as the basis for regulating the valuation of intangible assets by reflecting transactions for their revaluation and (or) write-down on accounts in accordance with the rules established by accounting standards. The versatility of the proposed document form makes it possible to use it in relation to the primary accounting of the results of the revaluation of fixed assets and other non-current assets. Conclusions. The quality of decisions made in the management system of the organization depends both on the professionalism of the managers and on the discipline of the performers who form the information base for decision-making and the subsequent reflection of the results of the accounting events in the reporting. Structuring the composition of the elements and their content contribute to improving the quality of not primary documents only, but also the entire system of accounting and analytical support for management and reducing the threat to economic security when performing transactions with intangible assets.
{"title":"Particularities of documenting the accounting events on intangible-asset acquisition, revaluation and write-off","authors":"G. Ostaev, G. Klychova, E. Shlyapnikova, I. Selezneva, I. Selezneva, Regina I. Nurieva","doi":"10.24891/ia.26.6.668","DOIUrl":"https://doi.org/10.24891/ia.26.6.668","url":null,"abstract":"Subject. This article deals with the issues of documenting the business operation items related to the recognition, revaluation and write-down of intangible assets.\u0000Objectives. The article aims to investigate and systematize the provisions that reveal the features of documenting transactions for the acquisition, creation, revaluation and write-down of intangible assets, as well as reveal the content and composition of the details of primary documents on the revaluation of intangible assets.\u0000Methods. For the study, we used the information retrieval, consolidation, and event modeling techniques.\u0000Results. The article proposes an author-developed primary document form for practical application, which records the results of the revaluation of intangible assets. The information contained in this document may serve as the basis for regulating the valuation of intangible assets by reflecting transactions for their revaluation and (or) write-down on accounts in accordance with the rules established by accounting standards. The versatility of the proposed document form makes it possible to use it in relation to the primary accounting of the results of the revaluation of fixed assets and other non-current assets.\u0000Conclusions. The quality of decisions made in the management system of the organization depends both on the professionalism of the managers and on the discipline of the performers who form the information base for decision-making and the subsequent reflection of the results of the accounting events in the reporting. Structuring the composition of the elements and their content contribute to improving the quality of not primary documents only, but also the entire system of accounting and analytical support for management and reducing the threat to economic security when performing transactions with intangible assets.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83148673","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article examines the problems of ensuring the reliability of accounting as an accounting system that summarizes all the economic events of the organization's activity and reflects the true data based on documented values of business transactions. Objectives. The article aims to substantiate the fallacy of the modern official accounting formation on the basis of a combination of regulatory and economic accounting concepts, leading to the unreliability of its data for making management decisions. Methods. For the study, we used analysis, systems approach, and logical generalization. Results. The article proposes to recognize there might be unavoidable unreliability in the existing accounting system, identify two accounting options, and distinguish between the areas of application of each of them, making official accounting based on a normative approach. Conclusions and Relevance. Accounting is necessary to provide managers at the organization's various levels with information in order to manage the enterprise. The financial result of the organization's activities is the only reliable indicator reflecting the growth or decrease in invested capital. Its formation should be based on documents fixing economic actions and their cost data. The presented results of the study are intended for the development of theoretical views on accounting paradigms and their application in the formation of practical accounting methods.
{"title":"Accounting unreliability risks in the context of accounting reform","authors":"T. Serebryakova, Larisa V. Markina","doi":"10.24891/ia.26.6.692","DOIUrl":"https://doi.org/10.24891/ia.26.6.692","url":null,"abstract":"Subject. This article examines the problems of ensuring the reliability of accounting as an accounting system that summarizes all the economic events of the organization's activity and reflects the true data based on documented values of business transactions.\u0000Objectives. The article aims to substantiate the fallacy of the modern official accounting formation on the basis of a combination of regulatory and economic accounting concepts, leading to the unreliability of its data for making management decisions.\u0000Methods. For the study, we used analysis, systems approach, and logical generalization.\u0000Results. The article proposes to recognize there might be unavoidable unreliability in the existing accounting system, identify two accounting options, and distinguish between the areas of application of each of them, making official accounting based on a normative approach.\u0000Conclusions and Relevance. Accounting is necessary to provide managers at the organization's various levels with information in order to manage the enterprise. The financial result of the organization's activities is the only reliable indicator reflecting the growth or decrease in invested capital. Its formation should be based on documents fixing economic actions and their cost data. The presented results of the study are intended for the development of theoretical views on accounting paradigms and their application in the formation of practical accounting methods.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82471113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article discusses the issues related to digitalization and artificial intelligence in accounting. Objectives. The article aims to identify the prospects for dealing with challenges and areas of concern related to digitalization and artificial intelligence in accounting. Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach. Results. The article finds a significant difference in the terminology used in different scientific works in relation to the digitalization of accounting. Different authors interpret many concepts in the field of digitalization of accounting in different ways. In particular, this applies to the concept of Artificial Intelligence. Conclusions and Relevance. The importance of digital technologies in accounting necessitates the streamlining of the terminology used and the development of a holistic concept of digitalization in accounting. The results obtained have both applied and theoretical applications in the field of financial accounting.
{"title":"Digitalization and artificial intelligence in accounting: Achievements and prospects","authors":"T. Druzhilovskaya","doi":"10.24891/ia.26.5.500","DOIUrl":"https://doi.org/10.24891/ia.26.5.500","url":null,"abstract":"Subject. This article discusses the issues related to digitalization and artificial intelligence in accounting.\u0000Objectives. The article aims to identify the prospects for dealing with challenges and areas of concern related to digitalization and artificial intelligence in accounting.\u0000Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach.\u0000Results. The article finds a significant difference in the terminology used in different scientific works in relation to the digitalization of accounting. Different authors interpret many concepts in the field of digitalization of accounting in different ways. In particular, this applies to the concept of Artificial Intelligence.\u0000Conclusions and Relevance. The importance of digital technologies in accounting necessitates the streamlining of the terminology used and the development of a holistic concept of digitalization in accounting. The results obtained have both applied and theoretical applications in the field of financial accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78876336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article analyzes the system of monitoring of the reliability of management indicators at various stages of their formation. Objectives. The article aims to systematize and summarize knowledge about the features of developing a system control of management reporting indicators. Methods. For the study, we used a dialectical approach, observation, synthesis of disparate information, analysis of the results obtained, and accounting methods. Statutory acts on accounting legislation, scholarly works of Russian and foreign scientists on management accounting and reporting served as the information base of the study. Results. The article reveals the problem of replacing the control of the reliability of indicators of management reports with the control of the effectiveness of activities, carried out by comparing the indicators. It describes the stages of arranging control at the enterprise and offers recommendations for their implementation, taking into account the management goals of management. The article also substantiates the possibility of strengthening control over the reliability of management data in the context of the development of digital technologies. Conclusions. Accounting methods should be applied based on the context of management objectives. Internal control procedures should be carried out within the management subsystem.
{"title":"Designing a system of control over management reporting indicators","authors":"G. Klychova, I. V. Bagaev, Tatyana Poplaukhina","doi":"10.24891/ia.26.5.478","DOIUrl":"https://doi.org/10.24891/ia.26.5.478","url":null,"abstract":"Subject. This article analyzes the system of monitoring of the reliability of management indicators at various stages of their formation.\u0000Objectives. The article aims to systematize and summarize knowledge about the features of developing a system control of management reporting indicators.\u0000Methods. For the study, we used a dialectical approach, observation, synthesis of disparate information, analysis of the results obtained, and accounting methods. Statutory acts on accounting legislation, scholarly works of Russian and foreign scientists on management accounting and reporting served as the information base of the study.\u0000Results. The article reveals the problem of replacing the control of the reliability of indicators of management reports with the control of the effectiveness of activities, carried out by comparing the indicators. It describes the stages of arranging control at the enterprise and offers recommendations for their implementation, taking into account the management goals of management. The article also substantiates the possibility of strengthening control over the reliability of management data in the context of the development of digital technologies.\u0000Conclusions. Accounting methods should be applied based on the context of management objectives. Internal control procedures should be carried out within the management subsystem.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83552024","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Objectives. This article aims to consider the problems that arise when applying the percentage-of-completion method when recognizing revenue at the enterprises of the military-industrial complex that perform R&D under contracts with a long cycle of work. Methods. For the study, we used analysis and synthesis, comparison, and research methods, based on logical grounds. Results. The article contains an analysis of the problems that arise when applying the percentage-of-completion method of recognizing revenue when performing R&D under contracts with a long cycle of work. It shows the different ways to determine the completion of R&D activities for the purpose of recognizing revenue, and identifies problems that arise when applying these methods. Conclusions. It is obvious, that in the context of the application of the new Federal Accounting Standards, in particular, FSBU 5/2019 – Inventories, which provides for the mandatory use of the Direct Costing (Direct Costs) method, organizations need to switch to the percentage-of-completion method when recognizing revenue. This method will help organizations improve the reliability of the submitted accounting (financial) statements and the quality of their analysis, and help the users make more informed economic decisions.
{"title":"R&D contract implementation at defense industry enterprises: The issues of income recognition according to the cost of work as and when completed","authors":"L. Chaikovskaya, Nazhmudin S. Suleimanov","doi":"10.24891/ia.26.5.522","DOIUrl":"https://doi.org/10.24891/ia.26.5.522","url":null,"abstract":"Objectives. This article aims to consider the problems that arise when applying the percentage-of-completion method when recognizing revenue at the enterprises of the military-industrial complex that perform R&D under contracts with a long cycle of work.\u0000Methods. For the study, we used analysis and synthesis, comparison, and research methods, based on logical grounds.\u0000Results. The article contains an analysis of the problems that arise when applying the percentage-of-completion method of recognizing revenue when performing R&D under contracts with a long cycle of work. It shows the different ways to determine the completion of R&D activities for the purpose of recognizing revenue, and identifies problems that arise when applying these methods.\u0000Conclusions. It is obvious, that in the context of the application of the new Federal Accounting Standards, in particular, FSBU 5/2019 – Inventories, which provides for the mandatory use of the Direct Costing (Direct Costs) method, organizations need to switch to the percentage-of-completion method when recognizing revenue. This method will help organizations improve the reliability of the submitted accounting (financial) statements and the quality of their analysis, and help the users make more informed economic decisions.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"147 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86115469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article examines the main approaches to the construction of the theory of accounting, namely the inductive and deductive ones. Objectives. The article aims to identify the advantages and disadvantages of each of the approaches, analyze the structure of the theory of accounting in detail, and identify it at the present stage of development of accounting as a science discipline. Methods. For the study, I used combinations of analysis and synthesis, induction and deduction, and historical and logical research methods. Results. The article defines the structure of the theory of accounting that includes the objectives of financial reporting, postulates and theoretical concepts of accounting, as well as the principles and techniques of accounting. Conclusions and Relevance. The article concludes that of the two existing approaches to the construction of the theory of accounting, the inductive approach has a number of significant drawbacks that do not allow building a full-fledged theory of accounting. The deductive approach also has a number of drawbacks associated with understanding the axiomatic basis and the inference rules, but it helps lay the scientific foundations for building a complete and consistent theory of accounting. The results obtained can be used to create the theory of accounting.
{"title":"The structure of accounting theory. Part 1","authors":"S. Kolchugin","doi":"10.24891/ia.26.5.540","DOIUrl":"https://doi.org/10.24891/ia.26.5.540","url":null,"abstract":"Subject. This article examines the main approaches to the construction of the theory of accounting, namely the inductive and deductive ones.\u0000Objectives. The article aims to identify the advantages and disadvantages of each of the approaches, analyze the structure of the theory of accounting in detail, and identify it at the present stage of development of accounting as a science discipline.\u0000Methods. For the study, I used combinations of analysis and synthesis, induction and deduction, and historical and logical research methods.\u0000Results. The article defines the structure of the theory of accounting that includes the objectives of financial reporting, postulates and theoretical concepts of accounting, as well as the principles and techniques of accounting.\u0000Conclusions and Relevance. The article concludes that of the two existing approaches to the construction of the theory of accounting, the inductive approach has a number of significant drawbacks that do not allow building a full-fledged theory of accounting. The deductive approach also has a number of drawbacks associated with understanding the axiomatic basis and the inference rules, but it helps lay the scientific foundations for building a complete and consistent theory of accounting. The results obtained can be used to create the theory of accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"150 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86154181","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article discusses the methodological particularities of recording deferred taxes arising from the initial recognition of assets and liabilities. Objectives. The article aims to analyze the approaches of the developers of American and International Standards in terms of accounting for deferred taxes in the initial recognition of assets and liabilities, as well as characterize the problems of the Initial Recognition Exemption – IRE rule, and propose areas for their elimination. Methods. The research is speculative. For the study, I used the dialectical method of scientific knowledge, the method of collecting theoretical and regulatory information, the method of formalization, as well as analysis, synthesis, observation, and comparison. Results. The article summarizes the foreign experience of accounting for deferred taxes at the initial recognition of an asset. It describes the key situations for applying the simultaneous equation method in accordance with American practices, and justifies the economic benefits of using this approach. Conclusions and Relevance. The IRE rule does not provide an opportunity to reliably disclose information about the impact of taxation on the financial position of the company at the initial recognition of assets and liabilities. The method of simultaneous equations eliminates this problem, but there are contradictions associated with the understanding of fair value, which is adjusted for deferred taxes. It is necessary to use the American experience in improving standards and conduct additional theoretical research to develop methodological approaches to accounting for deferred taxes at the initial recognition of assets and liabilities. The results of the study can be useful to practitioners in the field of deferred tax accounting, as well as analysts and researchers whose activities are focused on accounting, taxation, and other persons concerned who study the theoretical and financial aspects of deferred taxes.
{"title":"Accounting for deferred taxes in the initial recognition of assets and liabilities. Part 1","authors":"A. A. Aksent’ev","doi":"10.24891/ia.26.4.424","DOIUrl":"https://doi.org/10.24891/ia.26.4.424","url":null,"abstract":"Subject. This article discusses the methodological particularities of recording deferred taxes arising from the initial recognition of assets and liabilities.\u0000Objectives. The article aims to analyze the approaches of the developers of American and International Standards in terms of accounting for deferred taxes in the initial recognition of assets and liabilities, as well as characterize the problems of the Initial Recognition Exemption – IRE rule, and propose areas for their elimination.\u0000Methods. The research is speculative. For the study, I used the dialectical method of scientific knowledge, the method of collecting theoretical and regulatory information, the method of formalization, as well as analysis, synthesis, observation, and comparison.\u0000Results. The article summarizes the foreign experience of accounting for deferred taxes at the initial recognition of an asset. It describes the key situations for applying the simultaneous equation method in accordance with American practices, and justifies the economic benefits of using this approach.\u0000Conclusions and Relevance. The IRE rule does not provide an opportunity to reliably disclose information about the impact of taxation on the financial position of the company at the initial recognition of assets and liabilities. The method of simultaneous equations eliminates this problem, but there are contradictions associated with the understanding of fair value, which is adjusted for deferred taxes. It is necessary to use the American experience in improving standards and conduct additional theoretical research to develop methodological approaches to accounting for deferred taxes at the initial recognition of assets and liabilities. The results of the study can be useful to practitioners in the field of deferred tax accounting, as well as analysts and researchers whose activities are focused on accounting, taxation, and other persons concerned who study the theoretical and financial aspects of deferred taxes.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"50 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90858651","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article discusses the areas of concern associated with the digitalization of economic entities' accounting statements to be published. Objectives. Based on the study of Russian and foreign practices, the article aims to identify opportunities, problems and risks that arise for compilers, auditors, analysts, software developers, and regulatory authorities when submitting accounts to be published in electronic format based on XBRL, and ways to solve those numerous problems. The article also aims to identify new challenges that may arise as a result of the transition to statutory sustainability reporting, and its digital presentation. Methods. For the study, I used analysis, synthesis, comparison, generalization, and abstraction. Results. The article defines the major opportunities, significant problems and risks associated with the transition to the submission of economic entities' accounting and financial statements in electronic format. The article finds that the lack of a generally recognized taxonomy of reporting in the field of sustainable development is a new challenge to the digitalization of accounting reporting to be disclosed. Conclusions and Relevance. The transition to corporate reporting e?filing demands the organization's top management to give due consideration of the issue, and IT specialists, accountants, auditors, and specialists of other functional units involved in the preparation of corporate reporting to coordinate cross-functionally. The results of the study can be taken into account when implementing accounting reporting e-filing.
{"title":"Disclosed statement digitalization: Challenges and solutions","authors":"N. Malinovskaya","doi":"10.24891/ia.26.4.362","DOIUrl":"https://doi.org/10.24891/ia.26.4.362","url":null,"abstract":"Subject. This article discusses the areas of concern associated with the digitalization of economic entities' accounting statements to be published.\u0000Objectives. Based on the study of Russian and foreign practices, the article aims to identify opportunities, problems and risks that arise for compilers, auditors, analysts, software developers, and regulatory authorities when submitting accounts to be published in electronic format based on XBRL, and ways to solve those numerous problems. The article also aims to identify new challenges that may arise as a result of the transition to statutory sustainability reporting, and its digital presentation.\u0000Methods. For the study, I used analysis, synthesis, comparison, generalization, and abstraction.\u0000Results. The article defines the major opportunities, significant problems and risks associated with the transition to the submission of economic entities' accounting and financial statements in electronic format. The article finds that the lack of a generally recognized taxonomy of reporting in the field of sustainable development is a new challenge to the digitalization of accounting reporting to be disclosed.\u0000Conclusions and Relevance. The transition to corporate reporting e?filing demands the organization's top management to give due consideration of the issue, and IT specialists, accountants, auditors, and specialists of other functional units involved in the preparation of corporate reporting to coordinate cross-functionally. The results of the study can be taken into account when implementing accounting reporting e-filing.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"99 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81388814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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