Subject. This article discusses the modern processes of transformation of the accounting sphere in the context of the development of digital technologies, considering the experience of the People's Republic of China. Objectives. The article aims to analyze the current trends in the digital transformation of accounting, considering China's experience as a case study, highlight the main technologies, problems, prospects, and substantiate the need for digitalization of the accounting sphere at the present stage of economic development. Methods. For the study, I used scientific observation, analysis and synthesis, systematization, generalization, and the systems, content, and comparative analyses. Results. The article reveals the main problems of the formation of theoretical concepts for accounting in the digital era. Based on the analysis of the digital transformation of accounting, considering the case of the largest Chinese companies, it highlights the problems of introducing digital accounting technologies in small and medium-sized enterprises in China. The article also offers to consider the ideas and approaches of prominent Chinese scientists involved in the digitalization of accounting, including the idea of the importance of creating a new theory of accounting in the digital era. Conclusions and Relevance. Using a synergistic approach helps consider the relationship and mutual development of two areas, namely accounting and IT, which are currently under constant transformation. On the one hand, China's experience shows the extensive practice of introducing advanced digital technologies into the accounting sphere and its transformation, as well as noteworthy attempts to develop a new concept of digital accounting, which is still influenced by traditional accounting concepts, but on the other hand, it reveals a number of problems and inconsistencies that are characteristic of many countries. The results of the study can be applied in accounting practice and theoretical developments in the field of accounting.
{"title":"Digitalization of accounting: The experience of China","authors":"M. Amurskaya","doi":"10.24891/ia.26.4.449","DOIUrl":"https://doi.org/10.24891/ia.26.4.449","url":null,"abstract":"Subject. This article discusses the modern processes of transformation of the accounting sphere in the context of the development of digital technologies, considering the experience of the People's Republic of China.\u0000Objectives. The article aims to analyze the current trends in the digital transformation of accounting, considering China's experience as a case study, highlight the main technologies, problems, prospects, and substantiate the need for digitalization of the accounting sphere at the present stage of economic development.\u0000Methods. For the study, I used scientific observation, analysis and synthesis, systematization, generalization, and the systems, content, and comparative analyses.\u0000Results. The article reveals the main problems of the formation of theoretical concepts for accounting in the digital era. Based on the analysis of the digital transformation of accounting, considering the case of the largest Chinese companies, it highlights the problems of introducing digital accounting technologies in small and medium-sized enterprises in China. The article also offers to consider the ideas and approaches of prominent Chinese scientists involved in the digitalization of accounting, including the idea of the importance of creating a new theory of accounting in the digital era.\u0000Conclusions and Relevance. Using a synergistic approach helps consider the relationship and mutual development of two areas, namely accounting and IT, which are currently under constant transformation. On the one hand, China's experience shows the extensive practice of introducing advanced digital technologies into the accounting sphere and its transformation, as well as noteworthy attempts to develop a new concept of digital accounting, which is still influenced by traditional accounting concepts, but on the other hand, it reveals a number of problems and inconsistencies that are characteristic of many countries. The results of the study can be applied in accounting practice and theoretical developments in the field of accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79222892","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 deals with the methodological issues of building an internal control system in the context of ensuring the expediency and effectiveness of operations accompanying the process of remuneration of personnel. Objectives. The article aims to develop methodological approaches to the organization of internal control of staff remuneration. Methods. For the study, we used analysis and synthesis, particularization and logical generalization, and the systems and risk-oriented approaches. Results. The article proposes certain measures to help to carry out internal control of personnel remuneration and developed proposals to minimize the key risks that accompany the remuneration management process. The article also describes the algorithm for the implementation of control procedures, the implementation of which will help improve the reliability of information on personnel remuneration. Conclusions and Relevance. Analysis of the effectiveness of the use of funds for remuneration, the information support of which is made up of accounting data, and the reliability of the formation provides a set of measures of documentary and actual control, has great potential in the process of implementing internal control of remuneration of personnel. The results of the study can be used in the process of developing methodological approaches to the construction of internal control of personnel remuneration and approval of its regulations, and can also be applied by financial controllers, accountants and heads of financial services in the process of accounting and control work in the organization.
{"title":"Organization of staff-benefits internal control: Development of methodological approaches","authors":"L. Sungatullina, Il'shat M. Sadikov","doi":"10.24891/ia.26.4.378","DOIUrl":"https://doi.org/10.24891/ia.26.4.378","url":null,"abstract":"Subject. This article deals with the methodological issues of building an internal control system in the context of ensuring the expediency and effectiveness of operations accompanying the process of remuneration of personnel.\u0000Objectives. The article aims to develop methodological approaches to the organization of internal control of staff remuneration.\u0000Methods. For the study, we used analysis and synthesis, particularization and logical generalization, and the systems and risk-oriented approaches.\u0000Results. The article proposes certain measures to help to carry out internal control of personnel remuneration and developed proposals to minimize the key risks that accompany the remuneration management process. The article also describes the algorithm for the implementation of control procedures, the implementation of which will help improve the reliability of information on personnel remuneration.\u0000Conclusions and Relevance. Analysis of the effectiveness of the use of funds for remuneration, the information support of which is made up of accounting data, and the reliability of the formation provides a set of measures of documentary and actual control, has great potential in the process of implementing internal control of remuneration of personnel. The results of the study can be used in the process of developing methodological approaches to the construction of internal control of personnel remuneration and approval of its regulations, and can also be applied by financial controllers, accountants and heads of financial services in the process of accounting and control work in the organization.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78521591","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 problems associated with the accounting of low-value tangible objects. Objectives. The article aims to identify the prospects for solving the problems of accounting for low-value tangible objects. Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach. Results. The article reveals areas of concern of statutory regulation of accounting of low-value tangible objects and particularities of the methodology of their accounting in the IFRS system. It presents the results of a study of the evolution of approaches to the recognition and accounting of low-value tangible objects in the Russian Accounting Standards for accounting for stocks and fixed assets, and proposals for improving the methodology of their accounting. The article also substantiates the rational and debatable aspects of various approaches to the accounting of low-value tangible objects. Conclusions and Relevance. The adoption of the Russian Accounting Standards FSBU 5/2019 and FSBU 6/2020 introduces significant changes in the approach to the recognition, accounting and reporting of low-value tangible objects. The study of the IFRS regulations shows the difference between the approach to accounting for low-value tangible objects presented in them and the regulations of the Russian Accounting Standards. Further reform of the Russian Accounting Standards will contribute to the improvement of accounting for low-value tangible objects. The results obtained have both applied and theoretical applications in the field of financial accounting.
{"title":"The issues of low-value material object accounting","authors":"T. Druzhilovskaya","doi":"10.24891/ia.26.4.405","DOIUrl":"https://doi.org/10.24891/ia.26.4.405","url":null,"abstract":"Subject. This article discusses the problems associated with the accounting of low-value tangible objects.\u0000Objectives. The article aims to identify the prospects for solving the problems of accounting for low-value tangible objects.\u0000Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach.\u0000Results. The article reveals areas of concern of statutory regulation of accounting of low-value tangible objects and particularities of the methodology of their accounting in the IFRS system. It presents the results of a study of the evolution of approaches to the recognition and accounting of low-value tangible objects in the Russian Accounting Standards for accounting for stocks and fixed assets, and proposals for improving the methodology of their accounting. The article also substantiates the rational and debatable aspects of various approaches to the accounting of low-value tangible objects.\u0000Conclusions and Relevance. The adoption of the Russian Accounting Standards FSBU 5/2019 and FSBU 6/2020 introduces significant changes in the approach to the recognition, accounting and reporting of low-value tangible objects. The study of the IFRS regulations shows the difference between the approach to accounting for low-value tangible objects presented in them and the regulations of the Russian Accounting Standards. Further reform of the Russian Accounting Standards will contribute to the improvement of accounting for low-value tangible objects. The results obtained have both applied and theoretical applications in the field of financial accounting.","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":"88170638","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 considers the reliability of reporting information as one of the most important qualitative characteristics that ensure the usefulness of accounting data to interested users to make management decisions. Objectives. The article aims to articulate an issue of the implemented methodology of research in the field of accounting, aimed at improving the reliability of accounting data. Methods. For the study, I used the methods of analysis, systematization, comparison, and logical generalization. Results. The article presents various definitions of the category of Fairness of Accounting Statements. It finds that compliance with the statutory regulations determines the boundaries of the accounting methodology. However, the statements do not reflect all the accounting events of the enterprise, and what is reflected is not always recorded correctly. In this regard, the perception of reporting data and the interpretation of the results of analysis by users may differ from the meaning implicit in the data, determined by the implemented accounting methodology. This kind of discrepancy between the content of accounting statements, determined by the accounting methodology, and the perception of these data by users can cause a situation that was defined by Russian academic economist, professor Yaroslav V. Sokolov (1938–2010) as the Paradox of Accounting. Quite a number of research papers are devoted to this problem, but most of them are not verified in practice. Conclusions and Relevance. The article concludes that the financial statements, in reality, cannot be reliable, since they are just a simplified model of the financial and operating activities of the enterprise. The results obtained can be considered as a determination of the directions of further research in the field of the Accounting Paradox Theory by Yaroslav V. Sokolov.
主题。本文认为报告信息的可靠性是保证会计数据对感兴趣的使用者作出管理决策有用性的最重要的定性特征之一。本文旨在阐明会计领域研究的实施方法问题，旨在提高会计数据的可靠性。在研究中，我采用了分析、系统化、比较、逻辑概括的方法。本文介绍了会计报表公平性范畴的各种定义。研究发现，遵守法律法规决定了会计方法的界限。然而，这些报表并不能反映企业的所有会计事项，反映出来的内容也并不总是正确记录的。在这方面，用户对报告数据的看法和对分析结果的解释可能与数据所隐含的含义不同，这是由所实施的会计方法决定的。这种由会计方法决定的会计报表内容与使用者对这些数据的感知之间的差异，可能会导致俄罗斯学术经济学家雅罗斯拉夫·v·索科洛夫教授(1938-2010)定义为会计悖论的情况。对这一问题的研究论文不少，但大多没有得到实践的验证。结论和相关性。本文的结论是，财务报表在现实中是不可靠的，因为它只是企业财务和经营活动的简化模型。所获得的结果可以被认为是Yaroslav V. Sokolov会计悖论理论领域进一步研究方向的确定。
{"title":"Reliability of reporting information from the standpoint of Yaroslav Sokolov's Accounting Paradox Theory","authors":"Ekaterina S. Merzlyakova","doi":"10.24891/ia.26.3.339","DOIUrl":"https://doi.org/10.24891/ia.26.3.339","url":null,"abstract":"Subject. This article considers the reliability of reporting information as one of the most important qualitative characteristics that ensure the usefulness of accounting data to interested users to make management decisions.\u0000Objectives. The article aims to articulate an issue of the implemented methodology of research in the field of accounting, aimed at improving the reliability of accounting data.\u0000Methods. For the study, I used the methods of analysis, systematization, comparison, and logical generalization.\u0000Results. The article presents various definitions of the category of Fairness of Accounting Statements. It finds that compliance with the statutory regulations determines the boundaries of the accounting methodology. However, the statements do not reflect all the accounting events of the enterprise, and what is reflected is not always recorded correctly. In this regard, the perception of reporting data and the interpretation of the results of analysis by users may differ from the meaning implicit in the data, determined by the implemented accounting methodology. This kind of discrepancy between the content of accounting statements, determined by the accounting methodology, and the perception of these data by users can cause a situation that was defined by Russian academic economist, professor Yaroslav V. Sokolov (1938–2010) as the Paradox of Accounting. Quite a number of research papers are devoted to this problem, but most of them are not verified in practice.\u0000Conclusions and Relevance. The article concludes that the financial statements, in reality, cannot be reliable, since they are just a simplified model of the financial and operating activities of the enterprise. The results obtained can be considered as a determination of the directions of further research in the field of the Accounting Paradox Theory by Yaroslav V. Sokolov.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85271507","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 deals with the issues of achieving economic security of the agrarian market subjects in the context of digitalization of business through the organization of an effectively functioning system of internal control. Objectives. The article aims to determine an effective model of internal control for medium-sized and large businesses in the agricultural sector of the economy, taking into account the general digitalization of the organization's business processes. Methods. For the study, I used case and chronological analyses, computational and graphic methods, and analytical research methods. Results. The article finds that at present, in the process of transformation, the COSO ERM Integrated Framework is a priority for building an internal control system, since its provisions are the most complete and exclude the narrow focus common to other models. Conclusions and Relevance. An end-to-end risk-oriented system of internal control, based on international requirements, the experience of Russian organizations, permeating all structural units and based on digital technologies, implemented in the organizations of the agrarian market, will ensure economic security for the economic entity, the region, and the State as a whole. The results of the study can be used in the theory and practice of internal control, as well as for further scientific developments and practical application.
{"title":"Choosing an internal control model for agrarian organizations to ensure economic security","authors":"M. Safonova","doi":"10.24891/ia.26.3.293","DOIUrl":"https://doi.org/10.24891/ia.26.3.293","url":null,"abstract":"Subject. This article deals with the issues of achieving economic security of the agrarian market subjects in the context of digitalization of business through the organization of an effectively functioning system of internal control.\u0000Objectives. The article aims to determine an effective model of internal control for medium-sized and large businesses in the agricultural sector of the economy, taking into account the general digitalization of the organization's business processes.\u0000Methods. For the study, I used case and chronological analyses, computational and graphic methods, and analytical research methods.\u0000Results. The article finds that at present, in the process of transformation, the COSO ERM Integrated Framework is a priority for building an internal control system, since its provisions are the most complete and exclude the narrow focus common to other models.\u0000Conclusions and Relevance. An end-to-end risk-oriented system of internal control, based on international requirements, the experience of Russian organizations, permeating all structural units and based on digital technologies, implemented in the organizations of the agrarian market, will ensure economic security for the economic entity, the region, and the State as a whole. The results of the study can be used in the theory and practice of internal control, as well as for further scientific developments and practical application.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"61 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83982143","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 deals with the issues related to the preparation of the Profit and Loss Statement by companies of the Syrian Arab Republic, taking into account consumer price indices in the context of hyperinflation, based on the provisions of IAS 29 – Financial Reporting in Hyperinflationary Economies. Objectives. The article aims to identify and find a solution to the problems of generating the Profit and Loss Statement, as well as develop appropriate methodological recommendations. Methods. For the study, we used observation, comparison, grouping, classification, generalization, and interpretation. Scientific works and publications of scientists on the theory of inflation and hyperinflation, the Central Bureau of Statistics (Syria) (CBS) data on consumer price indices, provisions of IAS 29 on the formation of reporting by organizations whose functional currency is the currency of the hyperinflationary economy, are the methodological basis of the study. Results. The article presents a test of the methodology for compiling the Profit and Loss Statement taking into account the recommendations of IAS 29 and shows the process of reporting using the materials of the Syrian Al-Ahlia Vegetable Oil Company. It also reads about the impact of hyperinflation on the items of the company's Profit and Loss Statement and its financial results, and compares the reporting data with indicators calculated on the basis of historical information. The article confirms the hypothesis that it is necessary to form a Profit and Loss Statement on the basis of the provisions of IAS 29 in the event of high inflation. Conclusions. In the context of hyperinflation, financial statements based on historical cost are unreliable, mislead users, and cause difficulties in making management decisions. A positive financial result determined through the historical cost principle, is a fictitious profit.
{"title":"Generation of profit and loss statements by Syrian companies in the context of hyperinflation","authors":"L. Kulikova, Ammar Alsafadi","doi":"10.24891/ia.26.3.244","DOIUrl":"https://doi.org/10.24891/ia.26.3.244","url":null,"abstract":"Subject. This article deals with the issues related to the preparation of the Profit and Loss Statement by companies of the Syrian Arab Republic, taking into account consumer price indices in the context of hyperinflation, based on the provisions of IAS 29 – Financial Reporting in Hyperinflationary Economies.\u0000Objectives. The article aims to identify and find a solution to the problems of generating the Profit and Loss Statement, as well as develop appropriate methodological recommendations.\u0000Methods. For the study, we used observation, comparison, grouping, classification, generalization, and interpretation. Scientific works and publications of scientists on the theory of inflation and hyperinflation, the Central Bureau of Statistics (Syria) (CBS) data on consumer price indices, provisions of IAS 29 on the formation of reporting by organizations whose functional currency is the currency of the hyperinflationary economy, are the methodological basis of the study.\u0000Results. The article presents a test of the methodology for compiling the Profit and Loss Statement taking into account the recommendations of IAS 29 and shows the process of reporting using the materials of the Syrian Al-Ahlia Vegetable Oil Company. It also reads about the impact of hyperinflation on the items of the company's Profit and Loss Statement and its financial results, and compares the reporting data with indicators calculated on the basis of historical information. The article confirms the hypothesis that it is necessary to form a Profit and Loss Statement on the basis of the provisions of IAS 29 in the event of high inflation.\u0000Conclusions. In the context of hyperinflation, financial statements based on historical cost are unreliable, mislead users, and cause difficulties in making management decisions. A positive financial result determined through the historical cost principle, is a fictitious profit.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"41 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83181079","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 accounting considerations and tax treatment of IT companies under sanctions against Russia. Objectives. The article aims to identify the above-mentioned considerations and treatment, and offer recommendations for accounting and taxation of IT companies in the context of sanctions. Methods. For the study, we used analysis and synthesis, and research methods, based on logical grounds. Results. The article describes the particularities of accounting and taxation of IT companies under sanctions, and offers certain recommendations to the IT company accountant charged with accounting records and taxation under the conditions aforesaid. Conclusions. The Russian leadership is taking certain action to improve the country's ability to compete at the international level in terms of information and communication technologies. To stop the outflow of IT staff, a number of new benefits are proposed. Against this background, there is an increase in the number of new IT companies obtaining the accreditation required to apply tax incentives.
{"title":"Accounting considerations and tax treatment of IT companies under sanctions","authors":"L. Chaikovskaya, S. Filin","doi":"10.24891/ia.26.3.313","DOIUrl":"https://doi.org/10.24891/ia.26.3.313","url":null,"abstract":"Subject. This article discusses the accounting considerations and tax treatment of IT companies under sanctions against Russia.\u0000Objectives. The article aims to identify the above-mentioned considerations and treatment, and offer recommendations for accounting and taxation of IT companies in the context of sanctions.\u0000Methods. For the study, we used analysis and synthesis, and research methods, based on logical grounds.\u0000Results. The article describes the particularities of accounting and taxation of IT companies under sanctions, and offers certain recommendations to the IT company accountant charged with accounting records and taxation under the conditions aforesaid.\u0000Conclusions. The Russian leadership is taking certain action to improve the country's ability to compete at the international level in terms of information and communication technologies. To stop the outflow of IT staff, a number of new benefits are proposed. Against this background, there is an increase in the number of new IT companies obtaining the accreditation required to apply tax incentives.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"79 6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76806872","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 main innovations in the rules for accounting for fixed assets introduced by the Federal Accounting Standard (FSBU) 6/2020 – Property, Plant and Equipment, and the effect of these innovations on the possibility of convergence of the Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS). Methods. For the study, we used analysis and synthesis, and research methods, based on logical grounds. Results. The article examines the new rules for accounting for fixed assets introduced by FSBU 6/2020, identifies and analyzes the remaining significant differences in the valuation of assets in accordance with RAS and IFRS, affecting the need to form additional adjustments when preparing financial statements under IFRS. The article proposes practical ways of convergence between RAS and IFRS in terms of accounting for fixed assets and eliminating the difference that remained after the entry into force of FSBU 6/2020 – Property, Plant and Equipment. Conclusions. It is expected that from 2023 and on, the revaluation of fixed assets will have practically no impact on the tax base for the property tax of organizations. Obviously, solving the problem of the need for double (parallel) accounting for fixed assets for RAS and IFRS will lead to a wide range of undeniable advantages.
{"title":"The issues of convergence of assets accounting in RAS and IFRS considering the application of FSBU 6/2020 – Property, Plant and Equipment","authors":"L. Chaikovskaya, Nazhmudin S. Suleimanov","doi":"10.24891/ia.26.2.167","DOIUrl":"https://doi.org/10.24891/ia.26.2.167","url":null,"abstract":"Objectives. This article aims to consider the main innovations in the rules for accounting for fixed assets introduced by the Federal Accounting Standard (FSBU) 6/2020 – Property, Plant and Equipment, and the effect of these innovations on the possibility of convergence of the Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS).\u0000Methods. For the study, we used analysis and synthesis, and research methods, based on logical grounds.\u0000Results. The article examines the new rules for accounting for fixed assets introduced by FSBU 6/2020, identifies and analyzes the remaining significant differences in the valuation of assets in accordance with RAS and IFRS, affecting the need to form additional adjustments when preparing financial statements under IFRS. The article proposes practical ways of convergence between RAS and IFRS in terms of accounting for fixed assets and eliminating the difference that remained after the entry into force of FSBU 6/2020 – Property, Plant and Equipment.\u0000Conclusions. It is expected that from 2023 and on, the revaluation of fixed assets will have practically no impact on the tax base for the property tax of organizations. Obviously, solving the problem of the need for double (parallel) accounting for fixed assets for RAS and IFRS will lead to a wide range of undeniable advantages.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"29 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85959384","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}
N. Yakupova, G. Klychova, S. Levachkova, Elena B. Saifeeva
Subject. This article deals with the issues of assessing the market value of office real estate. Objectives. The article aims to substantiate the need to use special calculated values of multipliers differentiated by the main cost factors. Methods. The study is based on the verification of the considered methods of valuation of office real estate on the basis of pair and multiple regression methods, as well as the theoretical and methodological aspects of assessing the value of office real estate, in particular, on the application of the gross rent multiplier (GRM) method. We also used general scientific methods of cognition, empirical and economic analysis methods, methods of scientific abstraction, comparison, classification, generalization, grouping, and graphic analysis. Results. The article identifies the main factors in determining the value of office real estate, analyzes the values of the office real estate objects’ value by published multipliers and various calculated types of multipliers, and also it compares the values obtained. It focuses on the fact that the value of office real estate obtained on the basis of published values of gross rent multipliers, is underestimated. The article also justifies the need to use multipliers that are more detailed in terms of cost factors.
{"title":"The use of comparative market coefficients to measure office property market and fair values: Some special aspects","authors":"N. Yakupova, G. Klychova, S. Levachkova, Elena B. Saifeeva","doi":"10.24891/ia.26.2.124","DOIUrl":"https://doi.org/10.24891/ia.26.2.124","url":null,"abstract":"Subject. This article deals with the issues of assessing the market value of office real estate.\u0000Objectives. The article aims to substantiate the need to use special calculated values of multipliers differentiated by the main cost factors.\u0000Methods. The study is based on the verification of the considered methods of valuation of office real estate on the basis of pair and multiple regression methods, as well as the theoretical and methodological aspects of assessing the value of office real estate, in particular, on the application of the gross rent multiplier (GRM) method. We also used general scientific methods of cognition, empirical and economic analysis methods, methods of scientific abstraction, comparison, classification, generalization, grouping, and graphic analysis.\u0000Results. The article identifies the main factors in determining the value of office real estate, analyzes the values of the office real estate objects’ value by published multipliers and various calculated types of multipliers, and also it compares the values obtained. It focuses on the fact that the value of office real estate obtained on the basis of published values of gross rent multipliers, is underestimated. The article also justifies the need to use multipliers that are more detailed in terms of cost factors.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89939291","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 deals with the issues of accrual of amortization of intangible assets in accounting, updated in connection with the approval of the Federal Accounting Standard FSBU 14/2022 – Intangible Assets. Objectives. The article aims to identify changes in accounting legislation on the accrual of amortization of intangible assets in connection with the approval of the Federal Accounting Standard FSBU 14/2022 – Intangible Assets, highlight the sequence of actions when calculating amortization, and update the accounting policy. Methods. For the study, we used the methods of analysis, systematization, comparison, generalization, and the analog approach. Results. The article presents the results of a critical analysis of the approved Standard FSBU 14/2022 on the amortization of intangible assets and, taking into account the requirements of this Standard, offers an algorithm of actions in the process of calculating amortization, containing four stages. It also formulates elements of an accounting policy for the amortization of intangible assets that need to be clarified in connection with the beginning of the application of this Standard. Conclusions and Relevance. The basic requirements for calculating the amortization of intangible assets contained in the Standard FSBU 14/2022 differ significantly from the previous Russian accounting rules and are close to international practices. The results obtained can be applied both in the theory and practice of accounting in relation to the amortization of intangible assets.
{"title":"Federal Accounting Standard FSBU 14/2022: Innovations in the amortization of intangible assets. Part 1","authors":"E. Kopylova, Tat'yana I. Kopylova","doi":"10.24891/ia.26.2.149","DOIUrl":"https://doi.org/10.24891/ia.26.2.149","url":null,"abstract":"Subject. This article deals with the issues of accrual of amortization of intangible assets in accounting, updated in connection with the approval of the Federal Accounting Standard FSBU 14/2022 – Intangible Assets.\u0000Objectives. The article aims to identify changes in accounting legislation on the accrual of amortization of intangible assets in connection with the approval of the Federal Accounting Standard FSBU 14/2022 – Intangible Assets, highlight the sequence of actions when calculating amortization, and update the accounting policy.\u0000Methods. For the study, we used the methods of analysis, systematization, comparison, generalization, and the analog approach.\u0000Results. The article presents the results of a critical analysis of the approved Standard FSBU 14/2022 on the amortization of intangible assets and, taking into account the requirements of this Standard, offers an algorithm of actions in the process of calculating amortization, containing four stages. It also formulates elements of an accounting policy for the amortization of intangible assets that need to be clarified in connection with the beginning of the application of this Standard.\u0000Conclusions and Relevance. The basic requirements for calculating the amortization of intangible assets contained in the Standard FSBU 14/2022 differ significantly from the previous Russian accounting rules and are close to international practices. The results obtained can be applied both in the theory and practice of accounting in relation to the amortization of intangible assets.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90167050","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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