Subject. This article examines the financial statements of companies in the focus of investment valuation as an effective mechanism for reducing risks in the context of global economic uncertainty. Objectives. The study aims to conduct an investment assessment of "young" companies that went public and entered the stock market after 2020 in the midst of the global pandemic. Methods. For the study, we used a systems approach, analysis, comprehensive investment assessment, and the table method. Results. The article presents the results of the investment evaluation of three companies that attracted the most interest among investors during the global pandemic, namely, Krafton Inc., Xpeng, and Airbnb Inc. Conclusions. Investment valuation of assets helps develop a competent investment strategy that can bring income in the future. In present-day developments, many investors pay more attention to some non-price indicators. However, if building a long-term investment strategy, one should rely on more objective indicators, for example, analysis of financial statements, ratio analysis, and investment evaluation.
{"title":"Financial statements of companies as an object of investment valuation in the context of global economic uncertainty","authors":"E. Voronova, Yuliya A. Lukina","doi":"10.24891/ia.25.10.1155","DOIUrl":"https://doi.org/10.24891/ia.25.10.1155","url":null,"abstract":"Subject. This article examines the financial statements of companies in the focus of investment valuation as an effective mechanism for reducing risks in the context of global economic uncertainty.\u0000Objectives. The study aims to conduct an investment assessment of \"young\" companies that went public and entered the stock market after 2020 in the midst of the global pandemic.\u0000Methods. For the study, we used a systems approach, analysis, comprehensive investment assessment, and the table method.\u0000Results. The article presents the results of the investment evaluation of three companies that attracted the most interest among investors during the global pandemic, namely, Krafton Inc., Xpeng, and Airbnb Inc.\u0000Conclusions. Investment valuation of assets helps develop a competent investment strategy that can bring income in the future. In present-day developments, many investors pay more attention to some non-price indicators. However, if building a long-term investment strategy, one should rely on more objective indicators, for example, analysis of financial statements, ratio analysis, and investment evaluation.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"3262 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86596921","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 valuation and accounting of intangible assets. Objectives. The article aims to disclose the organizational, methodological, and technical aspects of accounting for intangible assets and develop methodological recommendations for accounting for the results of revaluation of the value of intangible assets in accounts of organizations. Methods. For the study, we used analysis and synthesis, modeling, abstraction, etc. Results. The article reveals the organizational and methodological aspects of accounting for the recognition of intangible assets, the results of their valuation and revaluation, and it substantiates the methods and technical aspects of reflecting operations based on the results of revaluation of intangible assets in accounts. Conclusions and Relevance. To ensure the objectivity and reliability of intangible asset accounting data, federal and international accounting standards should be followed, and intangible assets should be clearly classified for accounting purposes into homogeneous groups. The results of the article can be applied both in the theory and practice of financial accounting.
{"title":"Accounting for the recognition of intangible assets and the results of their valuation and revaluation","authors":"R. Alborov, S. Kozmenkova, E. Mosunova","doi":"10.24891/ia.25.10.1090","DOIUrl":"https://doi.org/10.24891/ia.25.10.1090","url":null,"abstract":"Subject. This article deals with the issues of valuation and accounting of intangible assets.\u0000Objectives. The article aims to disclose the organizational, methodological, and technical aspects of accounting for intangible assets and develop methodological recommendations for accounting for the results of revaluation of the value of intangible assets in accounts of organizations.\u0000Methods. For the study, we used analysis and synthesis, modeling, abstraction, etc.\u0000Results. The article reveals the organizational and methodological aspects of accounting for the recognition of intangible assets, the results of their valuation and revaluation, and it substantiates the methods and technical aspects of reflecting operations based on the results of revaluation of intangible assets in accounts.\u0000Conclusions and Relevance. To ensure the objectivity and reliability of intangible asset accounting data, federal and international accounting standards should be followed, and intangible assets should be clearly classified for accounting purposes into homogeneous groups. The results of the article can be applied both in the theory and practice of financial accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"52 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82259924","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 explores the features and problems of the organization of accounting of financial results at a small enterprise in terms of outsourcing. Objectives. The article aims to develop recommendations for improving the arrangements for accounting for financial results of a small enterprise in the conditions of using outsourcing. Methods. For the study, we used the systems and process approaches, analysis and synthesis, induction and deduction, and the theoretical and practical materials arrangement. Results. The article describes the features of the activities of a small enterprise and determines their impact on the arrangement and accounting for financial results, considering the commercial small enterprise OOO Metacom, the main activity of which is the wholesale of waste and scrap, as a typical case study. The article also presents certain author-developed recommendations on improving the analytical accounting of income and expenses, setting up primary accounting, introducing an electronic document management system, and determines the advantages of a small enterprise when transferring accounting to outsourcing. Conclusions and Relevance. The implementation of the proposed recommendations will contribute to improving the efficiency of the accounting process and the validity of management decisions to maximize the profits of a small commercial enterprise. The results of the study can be useful to a wide range of readers interested in the organization of accounting for financial results at a small enterprise in the conditions of outsourcing. They can also be used in practical work and in the educational process of higher educational institutions.
{"title":"Arrangements for accounting for a small enterprise's financial results through using outsourcing","authors":"A. Glushchenko, Nadezhda A. Malii","doi":"10.24891/ia.25.10.1139","DOIUrl":"https://doi.org/10.24891/ia.25.10.1139","url":null,"abstract":"Subject. This article explores the features and problems of the organization of accounting of financial results at a small enterprise in terms of outsourcing.\u0000Objectives. The article aims to develop recommendations for improving the arrangements for accounting for financial results of a small enterprise in the conditions of using outsourcing.\u0000Methods. For the study, we used the systems and process approaches, analysis and synthesis, induction and deduction, and the theoretical and practical materials arrangement.\u0000Results. The article describes the features of the activities of a small enterprise and determines their impact on the arrangement and accounting for financial results, considering the commercial small enterprise OOO Metacom, the main activity of which is the wholesale of waste and scrap, as a typical case study. The article also presents certain author-developed recommendations on improving the analytical accounting of income and expenses, setting up primary accounting, introducing an electronic document management system, and determines the advantages of a small enterprise when transferring accounting to outsourcing.\u0000Conclusions and Relevance. The implementation of the proposed recommendations will contribute to improving the efficiency of the accounting process and the validity of management decisions to maximize the profits of a small commercial enterprise. The results of the study can be useful to a wide range of readers interested in the organization of accounting for financial results at a small enterprise in the conditions of outsourcing. They can also be used in practical work and in the educational process of higher educational institutions.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87970549","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 the formation, increase, restoration of the provision for inventory impairment in the context of Federal Accounting Standard (FSBU) 5/2019 – Inventories application. Objectives. The article aims to identify the most justified options for accounting of the business facts to form, increase and restore the provision amount for the inventory impairment. Methods. For the study, I used the methods of analysis and synthesis, comparison, generalization, and modeling. Results. The article focuses on problematic issues related to the determination of the provision amount and the reflection of entries in the accounts, and reveals the position of the authors on their solution. Conclusions and Relevance. In some cases, Federal Accounting Standard (FSBU) 5/2019 – Inventories does not contain unambiguous instructions regarding the formation of information on provision for the inventory impairment, and therefore there is uncertainty that makes it difficult to account for certain facts of economic life. The recommendations proposed in the article can be useful for practical application by economic entities in determining their position in relation to records in the formation, increase, restoration of the provision amount in connection with the use of Federal Accounting Standard (FSBU) 5/2019 – Inventories.
{"title":"Provision for inventory impairment in accordance with Federal Accounting Standard (FSBU) 5/2019: Challenges and solutions","authors":"V. Sitnikova","doi":"10.24891/ia.25.9.1019","DOIUrl":"https://doi.org/10.24891/ia.25.9.1019","url":null,"abstract":"Subject. This article discusses the issues related to the formation, increase, restoration of the provision for inventory impairment in the context of Federal Accounting Standard (FSBU) 5/2019 – Inventories application.\u0000Objectives. The article aims to identify the most justified options for accounting of the business facts to form, increase and restore the provision amount for the inventory impairment.\u0000Methods. For the study, I used the methods of analysis and synthesis, comparison, generalization, and modeling.\u0000Results. The article focuses on problematic issues related to the determination of the provision amount and the reflection of entries in the accounts, and reveals the position of the authors on their solution.\u0000Conclusions and Relevance. In some cases, Federal Accounting Standard (FSBU) 5/2019 – Inventories does not contain unambiguous instructions regarding the formation of information on provision for the inventory impairment, and therefore there is uncertainty that makes it difficult to account for certain facts of economic life. The recommendations proposed in the article can be useful for practical application by economic entities in determining their position in relation to records in the formation, increase, restoration of the provision amount in connection with the use of Federal Accounting Standard (FSBU) 5/2019 – Inventories.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72968733","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 economic essence of inflation, its impact on the activities of companies in the Syrian Arab Republic, the indicators of financial reporting and the adjustment of its data taking into account hyperinflation on the basis of the provisions of IAS 29. Objectives. The article aims to study the effects of inflation on the Syrian economy, identify and solve the problems of forming financial reporting in the conditions of constantly rising prices and reducing the purchasing power of the monetary unit as a result of hyperinflation. Methods. For the study, we used the methods of observation, comparison, generalization, and interpretation. Results. The article describes the impact of inflation on the economic activities of Syrian companies. It shows that in a hyperinflationary environment, financial reporting based on historical value is unreliable, misleading to users, and causes difficulties in making management decisions. Conclusions and Relevance. The article confirms the hypothesis about the positive impact of the adoption of IAS 29 on the formation of financial reporting and on the analysis of its indicators in the event of hyperinflation. The significance of the study lies in the substantiation of the position that the ongoing negative changes in economic conditions caused by hyperinflation require adjustments to the indicators of reporting compiled on the basis of historical data.
{"title":"The impact of inflation on the presentation of financial statements by Syrian companies","authors":"L. Kulikova, Ammar Alsafadi","doi":"10.24891/ia.25.9.984","DOIUrl":"https://doi.org/10.24891/ia.25.9.984","url":null,"abstract":"Subject. This article examines the economic essence of inflation, its impact on the activities of companies in the Syrian Arab Republic, the indicators of financial reporting and the adjustment of its data taking into account hyperinflation on the basis of the provisions of IAS 29.\u0000Objectives. The article aims to study the effects of inflation on the Syrian economy, identify and solve the problems of forming financial reporting in the conditions of constantly rising prices and reducing the purchasing power of the monetary unit as a result of hyperinflation.\u0000Methods. For the study, we used the methods of observation, comparison, generalization, and interpretation.\u0000Results. The article describes the impact of inflation on the economic activities of Syrian companies. It shows that in a hyperinflationary environment, financial reporting based on historical value is unreliable, misleading to users, and causes difficulties in making management decisions.\u0000Conclusions and Relevance. The article confirms the hypothesis about the positive impact of the adoption of IAS 29 on the formation of financial reporting and on the analysis of its indicators in the event of hyperinflation. The significance of the study lies in the substantiation of the position that the ongoing negative changes in economic conditions caused by hyperinflation require adjustments to the indicators of reporting compiled on the basis of historical data.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84862373","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 interpretation of scientific accounting terms Business Operation Item and Accounting Event, and the development of their theoretical content. Objectives. The article aims to reconsider the term Business Operation Item, clarify the boundaries of its application and justification, taking into account the eventuality of the causes of its occurrence in the activities of the enterprise. Methods. For the study, I used formal and logical methods, analysis and synthesis, induction and deduction, comparison, and analogy. Results. The article presents an interpretation of the concept of Business Operation Item, taking into account the eventuality of the enterprise's life, defines the criterion for attributing events to the facts of economic life, the mechanism of influence of facts and events on accounting statements, their past, present and future state. Conclusions and Relevance. Modern accounting is not focused on prospective assessments of the company's activities, is not related to the concept of economic development and forecasting. In this sense, the definition of the term Business Operation Item taking into account past, present and future events is an urgent issue. The results of the study can be used in the theoretical and practical adaptation of international financial reporting standards to domestic accounting traditions, as well as in order to develop accounting practices in the light of current and future events that affect the financial position, financial results and cash flow of the enterprise.
{"title":"Methodological effect of events on the identification of business operation items","authors":"E. Itygilova","doi":"10.24891/ia.25.9.970","DOIUrl":"https://doi.org/10.24891/ia.25.9.970","url":null,"abstract":"Subject. This article deals with the issues of interpretation of scientific accounting terms Business Operation Item and Accounting Event, and the development of their theoretical content.\u0000Objectives. The article aims to reconsider the term Business Operation Item, clarify the boundaries of its application and justification, taking into account the eventuality of the causes of its occurrence in the activities of the enterprise.\u0000Methods. For the study, I used formal and logical methods, analysis and synthesis, induction and deduction, comparison, and analogy.\u0000Results. The article presents an interpretation of the concept of Business Operation Item, taking into account the eventuality of the enterprise's life, defines the criterion for attributing events to the facts of economic life, the mechanism of influence of facts and events on accounting statements, their past, present and future state.\u0000Conclusions and Relevance. Modern accounting is not focused on prospective assessments of the company's activities, is not related to the concept of economic development and forecasting. In this sense, the definition of the term Business Operation Item taking into account past, present and future events is an urgent issue. The results of the study can be used in the theoretical and practical adaptation of international financial reporting standards to domestic accounting traditions, as well as in order to develop accounting practices in the light of current and future events that affect the financial position, financial results and cash flow of the enterprise.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89624524","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 attempts to identify the relationship between deferred taxes and the market reaction to the value of Russian banks. It is a continuation of previous studies to assess the relationship between deferred tax assets and the company value, and the applicability of the MTB and Ohlson Models as tools for assessing the relationship between market and accounting indicators. Objectives. The article aims to explore the information significance of deferred taxes from the standpoint of their impact on the market value of Russian banks whose shares are listed on the Moscow Stock Exchange. Methods. For the study, I used a statistical analysis and linear regression constructing. Results. The article finds that deferred tax assets in the MTB Model are negatively related to the ratio of market and balance sheet valuation of capital, and in the Ohlson Model, they are positively related to the equity value ratio. Based on the analysis of the data obtained, the article reveals the shortcomings of the MTB and Ohlson Models when deferred taxes are included in them. Conclusions and Relevance. Negative valuation of deferred tax assets in the MTB Model reduces the sustainability of profits. A positive assessment of deferred tax assets per share in the Ohlson Model suggests that the Russian capital market responds positively to such an object of accounting observation. The results of the study can be useful to a narrow group of specialists in bank management, financial analysts, scientists and practitioners in the field of accounting, taxation, and other interested parties who study the theoretical and financial aspects of deferred taxes.
{"title":"The impact of deferred taxes on the market value of Russian banks","authors":"A. A. Aksent’ev","doi":"10.24891/ia.25.9.1033","DOIUrl":"https://doi.org/10.24891/ia.25.9.1033","url":null,"abstract":"Subject. This article attempts to identify the relationship between deferred taxes and the market reaction to the value of Russian banks. It is a continuation of previous studies to assess the relationship between deferred tax assets and the company value, and the applicability of the MTB and Ohlson Models as tools for assessing the relationship between market and accounting indicators.\u0000Objectives. The article aims to explore the information significance of deferred taxes from the standpoint of their impact on the market value of Russian banks whose shares are listed on the Moscow Stock Exchange.\u0000Methods. For the study, I used a statistical analysis and linear regression constructing.\u0000Results. The article finds that deferred tax assets in the MTB Model are negatively related to the ratio of market and balance sheet valuation of capital, and in the Ohlson Model, they are positively related to the equity value ratio. Based on the analysis of the data obtained, the article reveals the shortcomings of the MTB and Ohlson Models when deferred taxes are included in them.\u0000Conclusions and Relevance. Negative valuation of deferred tax assets in the MTB Model reduces the sustainability of profits. A positive assessment of deferred tax assets per share in the Ohlson Model suggests that the Russian capital market responds positively to such an object of accounting observation. The results of the study can be useful to a narrow group of specialists in bank management, financial analysts, scientists and practitioners in the field of accounting, taxation, and other interested parties who study the theoretical and financial aspects of deferred taxes.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"36 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88181037","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 possibility of using the concept of accounting for contractual obligations in the accounting for revenue from contracts with customers. Objectives. The article aims to present changes in the methodological approach to the reflection in the accounting for revenue from contracts with customers, based on the recognition of contractual obligations arising from these contracts as accounting objects and elements of financial reporting. Methods. The article defines a promising area for the development of the theory and practice of accounting related to the use of institutional theory, in terms of the contract theory, and contractual obligations arising from contracts, the Conceptual Framework for Financial Reporting, as well as the provisions of IFRS 15 – Revenue from Contracts with Customers. Conclusions. IFRS 15 – Revenue from Contracts with Customers is an additional confirmation of the use of the theoretical concept of accounting for contractual (constructive) obligations arising from past events (signing of an exchange transaction agreement) and are objects of accounting.
{"title":"The concept of accounting for contractual obligations in the accounting for revenue from contracts with customers","authors":"V. Plotnikov, S. S. Kanapinova","doi":"10.24891/ia.25.9.1000","DOIUrl":"https://doi.org/10.24891/ia.25.9.1000","url":null,"abstract":"Subject. This article discusses the possibility of using the concept of accounting for contractual obligations in the accounting for revenue from contracts with customers.\u0000Objectives. The article aims to present changes in the methodological approach to the reflection in the accounting for revenue from contracts with customers, based on the recognition of contractual obligations arising from these contracts as accounting objects and elements of financial reporting.\u0000Methods. The article defines a promising area for the development of the theory and practice of accounting related to the use of institutional theory, in terms of the contract theory, and contractual obligations arising from contracts, the Conceptual Framework for Financial Reporting, as well as the provisions of IFRS 15 – Revenue from Contracts with Customers.\u0000Conclusions. IFRS 15 – Revenue from Contracts with Customers is an additional confirmation of the use of the theoretical concept of accounting for contractual (constructive) obligations arising from past events (signing of an exchange transaction agreement) and are objects of accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81025734","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 the formation of reporting information on financial assets and financial liabilities. Objectives. The article aims to develop recommendations for solving problems related to the formation of reporting information on financial assets and financial liabilities. Methods. For the study, we used a critical analysis, synthesis, comparison, observation, and the analogy approach. Results. Based on the results of the study of the practices of forming reporting information on financial assets and financial liabilities by Russian and foreign organizations, the article offers and justifies recommendations for further improvement of the rules for the formation of reporting information on financial assets and financial liabilities in the system of Russian Accounting Standards. Conclusions and Relevance. Regulations of Russian and international standards have both aspects of unity and differences in approaches to the disclosure of information on financial assets and financial liabilities in the financial statements. The program of reforming Russian Accounting Standards can help solve the problems of reflecting information on financial assets and financial liabilities in the statements of organizations. The results obtained have both applied and theoretical areas of application in the field of financial accounting.
{"title":"The issues of formation of reporting information on financial assets and financial liabilities of organizations","authors":"T. Druzhilovskaya, N. A. Dobrolyubov","doi":"10.24891/ia.25.8.903","DOIUrl":"https://doi.org/10.24891/ia.25.8.903","url":null,"abstract":"Subject. This article discusses the issues related to the formation of reporting information on financial assets and financial liabilities.\u0000Objectives. The article aims to develop recommendations for solving problems related to the formation of reporting information on financial assets and financial liabilities.\u0000Methods. For the study, we used a critical analysis, synthesis, comparison, observation, and the analogy approach.\u0000Results. Based on the results of the study of the practices of forming reporting information on financial assets and financial liabilities by Russian and foreign organizations, the article offers and justifies recommendations for further improvement of the rules for the formation of reporting information on financial assets and financial liabilities in the system of Russian Accounting Standards.\u0000Conclusions and Relevance. Regulations of Russian and international standards have both aspects of unity and differences in approaches to the disclosure of information on financial assets and financial liabilities in the financial statements. The program of reforming Russian Accounting Standards can help solve the problems of reflecting information on financial assets and financial liabilities in the statements of organizations. The results obtained have both applied and theoretical areas of application in the field of financial accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78111599","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 explores the possibilities of using macroeconomic indicators of crop production development and the standard of living of the population of rural areas to analyze the performance of budget organizations that provide public and commercial services to crop subjects. Objectives. The article aims to test the hypothesis that the effectiveness of management activities in organizations that perform the State function of maintaining crop production through State subsidies and commercial contracts with farms should be determined not only by the efficiency and effectiveness of the use of allocated funds, but also by analyzing the results of financing regions expressed by macroeconomic indicators. Methods. For the study, we used an economic analysis, and the logical and empirical methods. Results. The article defines macroeconomic indicators, on the basis of which data characterizing the intensity of the use of agricultural land, as well as the social development of rural areas, are calculated. Conclusions and Relevance. Indicators of crop production efficiency and social development should be taken into account to assess the quality of management of budgetary organizations. The proposed methodology can help to comprehensively assess the activities of a budgetary institution in the performance of State functions and in the future can be introduced into the system for assessing the effectiveness of the activities of heads of budget organizations on the basis of KPIs. The results of the study may be useful for the creation of models for assessing the performance of budget organizations in performing the State function.
{"title":"A methodology for assessing the performance of a budgetary institution in the context of managerial analysis","authors":"T. Serebryakova, G. Stukalova","doi":"10.24891/ia.25.8.869","DOIUrl":"https://doi.org/10.24891/ia.25.8.869","url":null,"abstract":"Subject. This article explores the possibilities of using macroeconomic indicators of crop production development and the standard of living of the population of rural areas to analyze the performance of budget organizations that provide public and commercial services to crop subjects.\u0000Objectives. The article aims to test the hypothesis that the effectiveness of management activities in organizations that perform the State function of maintaining crop production through State subsidies and commercial contracts with farms should be determined not only by the efficiency and effectiveness of the use of allocated funds, but also by analyzing the results of financing regions expressed by macroeconomic indicators.\u0000Methods. For the study, we used an economic analysis, and the logical and empirical methods.\u0000Results. The article defines macroeconomic indicators, on the basis of which data characterizing the intensity of the use of agricultural land, as well as the social development of rural areas, are calculated.\u0000Conclusions and Relevance. Indicators of crop production efficiency and social development should be taken into account to assess the quality of management of budgetary organizations. The proposed methodology can help to comprehensively assess the activities of a budgetary institution in the performance of State functions and in the future can be introduced into the system for assessing the effectiveness of the activities of heads of budget organizations on the basis of KPIs. The results of the study may be useful for the creation of models for assessing the performance of budget organizations in performing the State function.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82012352","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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