Subject. This article discusses the application of the tax equity principle in practice, which helps reduce social stratification, combat poverty, as well as replenish the budget at the expense of personal income tax. Objectives. The article aims to substantiate the need to apply progressive taxation of individuals in a modern socially-oriented State. Methods. For the study, we used analysis and synthesis, historical method, and the dialectical approach. Results. The article highlights differences in approaches to the implementation of the tax equity principle in foreign countries and Russia. Conclusions and Relevance. The excessive level of inequality in Russia requires the urgent introduction of tools of socially oriented tax policy based on the classical principles of taxation. The results of the study can be applied in the higher education, as well as serve as a scientific justification for updating the regulatory framework in the field of taxation of individuals.
{"title":"The tax equity concept and its translation into action","authors":"Yu.V. Zhil'tsova, D. V. Ivanova","doi":"10.24891/ia.25.6.679","DOIUrl":"https://doi.org/10.24891/ia.25.6.679","url":null,"abstract":"Subject. This article discusses the application of the tax equity principle in practice, which helps reduce social stratification, combat poverty, as well as replenish the budget at the expense of personal income tax.\u0000Objectives. The article aims to substantiate the need to apply progressive taxation of individuals in a modern socially-oriented State.\u0000Methods. For the study, we used analysis and synthesis, historical method, and the dialectical approach.\u0000Results. The article highlights differences in approaches to the implementation of the tax equity principle in foreign countries and Russia.\u0000Conclusions and Relevance. The excessive level of inequality in Russia requires the urgent introduction of tools of socially oriented tax policy based on the classical principles of taxation. The results of the study can be applied in the higher education, as well as serve as a scientific justification for updating the regulatory framework in the field of taxation of individuals.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"77 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74155587","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 current state and prospects for the formation and disclosure of information about receivables in accounting (financial) statements in accordance with the Russian accounting standards. Objectives. The article aims to study the current practice of presenting information on receivables in the accounting (financial) statements of Russian organizations of various sectors of the economy and determine the main directions for improving the formation of information. Methods. For the study, we used a comparative analysis, observation, comparison, and systematization. Results. Based on a comparative analysis of the structure and content of the information provided in the reporting of thirty four Russian organizations engaged in various activities, the article identifies trends in improving the presentation and disclosure of data on accounts receivable. Conclusions and Relevance. The article concludes that the structure and content of information on accounts receivable of various organizations are heterogeneous and depend on industry-specific characteristics. The significance of the study lies in the substantiation of the provision that in order to assess doubtful debt, it is necessary to conduct a thorough analysis of the solvency of the debtor and the probability of debt repayment, taking into account the historical and intended fulfillment of obligations by counterparties.
{"title":"Presentation and disclosure of information on receivables in the accounting (financial) statements of commercial organizations","authors":"L. Kulikova, Edvard S. Garyntsev","doi":"10.24891/ia.25.6.628","DOIUrl":"https://doi.org/10.24891/ia.25.6.628","url":null,"abstract":"Subject. This article examines the current state and prospects for the formation and disclosure of information about receivables in accounting (financial) statements in accordance with the Russian accounting standards.\u0000Objectives. The article aims to study the current practice of presenting information on receivables in the accounting (financial) statements of Russian organizations of various sectors of the economy and determine the main directions for improving the formation of information.\u0000Methods. For the study, we used a comparative analysis, observation, comparison, and systematization.\u0000Results. Based on a comparative analysis of the structure and content of the information provided in the reporting of thirty four Russian organizations engaged in various activities, the article identifies trends in improving the presentation and disclosure of data on accounts receivable.\u0000Conclusions and Relevance. The article concludes that the structure and content of information on accounts receivable of various organizations are heterogeneous and depend on industry-specific characteristics. The significance of the study lies in the substantiation of the provision that in order to assess doubtful debt, it is necessary to conduct a thorough analysis of the solvency of the debtor and the probability of debt repayment, taking into account the historical and intended fulfillment of obligations by counterparties.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88754039","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 important for the Russian Federation issues of carbon-dioxide absorption certificate creation, certification, and trading arising from the current climate agenda defined by the 2015 Paris Agreement on Climate Change. Objectives. The article aims to investigate methodological and organizational issues that hinder the exchange carbon unit trading, especially when implementing forest environmental projects aimed to enhance the absorbing capacity of Russian forests. The article also aims to develop original proposals to classify the carbon tax in the context of the implementation of carbon regulation in the Russian Federation. Methods. For the study, we used analysis, comparison, systematization, and generalization of relevant scientific literature. Results. The article classifies the existing approaches to the assessment of carbon units for their use in exchange emission trading, and it offers recommendations for making appropriate forest legislation amendments. Conclusions and Relevance. The implementation of plans for adaptation to climate change will require the development of a range of activities, including exchange trading of carbon units. The results of the study are aimed at implementing forest environmental projects with minimal damage to the Russian industry, which falls under external carbon regulation, and will improve the economic security of the State in the context of the transition to de-carbonization of the economy. The proposed approaches can be used in summarizing the results of an experiment to establish special regulation of greenhouse gas emissions and absorption in the Sakhalin Oblast in terms of accounting for carbon units in exchange trading and developing industry-wide recommendations on this issue.
{"title":"Carbon tax: The issues of carbon unit exchange trading arrangement","authors":"V. Zozulya, V. Sakhanov, V. V. Sakhanov","doi":"10.24891/ia.25.6.663","DOIUrl":"https://doi.org/10.24891/ia.25.6.663","url":null,"abstract":"Subject. This article examines the important for the Russian Federation issues of carbon-dioxide absorption certificate creation, certification, and trading arising from the current climate agenda defined by the 2015 Paris Agreement on Climate Change.\u0000Objectives. The article aims to investigate methodological and organizational issues that hinder the exchange carbon unit trading, especially when implementing forest environmental projects aimed to enhance the absorbing capacity of Russian forests. The article also aims to develop original proposals to classify the carbon tax in the context of the implementation of carbon regulation in the Russian Federation.\u0000Methods. For the study, we used analysis, comparison, systematization, and generalization of relevant scientific literature.\u0000Results. The article classifies the existing approaches to the assessment of carbon units for their use in exchange emission trading, and it offers recommendations for making appropriate forest legislation amendments.\u0000Conclusions and Relevance. The implementation of plans for adaptation to climate change will require the development of a range of activities, including exchange trading of carbon units. The results of the study are aimed at implementing forest environmental projects with minimal damage to the Russian industry, which falls under external carbon regulation, and will improve the economic security of the State in the context of the transition to de-carbonization of the economy. The proposed approaches can be used in summarizing the results of an experiment to establish special regulation of greenhouse gas emissions and absorption in the Sakhalin Oblast in terms of accounting for carbon units in exchange trading and developing industry-wide recommendations on this issue.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"52 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91160616","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 topical issues of the methodology for accounting for non-current assets using simplified methods due to changes in the accounting legislation of the Russian Federation in terms of the application of Federal Accounting Standards FSBU 6/2020 – Fixed Assets, FSBU 26/2020 – Capital Investments and FSBU 25/2018 – Lease Accounting. Objectives. The article aims to group simplified accounting methods for non-current assets and apply them when presenting accounting information about these assets. Methods. For the study, we used the methods of analysis, systematization, comparison, and grouping. Results. Based on the analysis of changes in accounting legislation on accounting for non-current assets, the article groups the statutory regulation of simplified methods. It offers accounting records for intangible assets, property, plant and equipment, capital investments and lease items, and defines the main simplified ways of accounting for non-current assets that must be approved in the accounting policy. Conclusions and Relevance. Based on the analysis of federal accounting standards, the article concludes that the development and practical application of simplified methods of accounting are relevant for reflecting the accounting events by small businesses and non-profit organizations. The results obtained can be applied both in the theory and practice of accounting in relation to the accounting of items using simplified methods.
{"title":"Presentation of accounting information on non-current assets using simplified methods","authors":"E. Kopylova, Tat'yana I. Kopylova","doi":"10.24891/ia.25.5.561","DOIUrl":"https://doi.org/10.24891/ia.25.5.561","url":null,"abstract":"Subject. This article deals with the topical issues of the methodology for accounting for non-current assets using simplified methods due to changes in the accounting legislation of the Russian Federation in terms of the application of Federal Accounting Standards FSBU 6/2020 – Fixed Assets, FSBU 26/2020 – Capital Investments and FSBU 25/2018 – Lease Accounting.\u0000Objectives. The article aims to group simplified accounting methods for non-current assets and apply them when presenting accounting information about these assets.\u0000Methods. For the study, we used the methods of analysis, systematization, comparison, and grouping.\u0000Results. Based on the analysis of changes in accounting legislation on accounting for non-current assets, the article groups the statutory regulation of simplified methods. It offers accounting records for intangible assets, property, plant and equipment, capital investments and lease items, and defines the main simplified ways of accounting for non-current assets that must be approved in the accounting policy.\u0000Conclusions and Relevance. Based on the analysis of federal accounting standards, the article concludes that the development and practical application of simplified methods of accounting are relevant for reflecting the accounting events by small businesses and non-profit organizations. The results obtained can be applied both in the theory and practice of accounting in relation to the accounting of items using simplified methods.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82365502","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 rules for accounting and evaluating work-in-progress (WIP) in the new Russian Federal Standard FSBU 5/2019 – Inventories, and compares it with IFRS (IAS) 2 – Inventories. Objectives. The article aims to identify the substantive characteristics of WIP accounting. Methods. For the study, we used the methods of comparison and generalization. Results. Based on a comparative analysis of the WIP accounting and valuation in FSBU 5/2019 and IAS 2, the article identifies their main similarities and differences. It offers options for WIP and finished product accounting and evaluation, taking into account FSBU 5/2019, and determines the prospects for further development of Russian rules for WIP accounting. Conclusions and Relevance. The article concludes that in the international and domestic practices of accounting and valuation of inventories, including work-in-progress and finished products, there are more similarities than differences. However, there are still enough issues that need further consideration and resolution. The results of the study can be applied both in accounting and in the practice of an economic entity in the context of sustainable business development.
{"title":"A comparative analysis of the applied WIP evaluation and accounting methods in Russian and International practices","authors":"G. Klychova, A. Iskhakov, Alina I. Karimullina","doi":"10.24891/ia.25.5.520","DOIUrl":"https://doi.org/10.24891/ia.25.5.520","url":null,"abstract":"Subject. This article explores the rules for accounting and evaluating work-in-progress (WIP) in the new Russian Federal Standard FSBU 5/2019 – Inventories, and compares it with IFRS (IAS) 2 – Inventories.\u0000Objectives. The article aims to identify the substantive characteristics of WIP accounting.\u0000Methods. For the study, we used the methods of comparison and generalization.\u0000Results. Based on a comparative analysis of the WIP accounting and valuation in FSBU 5/2019 and IAS 2, the article identifies their main similarities and differences. It offers options for WIP and finished product accounting and evaluation, taking into account FSBU 5/2019, and determines the prospects for further development of Russian rules for WIP accounting.\u0000Conclusions and Relevance. The article concludes that in the international and domestic practices of accounting and valuation of inventories, including work-in-progress and finished products, there are more similarities than differences. However, there are still enough issues that need further consideration and resolution. The results of the study can be applied both in accounting and in the practice of an economic entity in the context of sustainable business development.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90639548","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 historical background and current trends that determine the essence of the concepts of Wages and Remuneration of Labor. Objectives. The article aims to reveal the essence of the concepts of Wages and Remuneration of Labor, as well as solve the problem of their synonymous character. This will make it possible to form a unified approach to the interpretation and differentiation of these concepts in accounting and labor legislation. Methods. For the study, we used analysis and synthesis, comparison, logical generalization, and the systems approach. Results. The article interprets the concept of Remuneration of Labor, determines the correlation of the concepts of Wages, Remuneration of Labor and Employee Benefits in the system of financial accounting, and identifies current problems of their use in regulatory legal acts. The article also recommends and substantiates to distinguish between the concepts of Wages and Remuneration of Labor in the accounting system and introduce the concept of Employee Benefits, taking into account all actual forms of remuneration for work. Conclusions and Relevance. The article concludes that it is necessary to distinguish between the concept of Remuneration of Labor and the concepts of Wages and Employee Benefits, and describes their relationship, which will help form a holistic concept of their use in labor legislation and the accounting system. The results of the study can be used in the process of organizing accounting and analytical work at the enterprise, compiling financial statements and adopting regulations in the field of labor law and financial accounting.
{"title":"Wages and Remuneration in the accounting system: Historical background and current trends in determining the essence of the concepts","authors":"L. Sungatullina, Il'shat M. Sadikov","doi":"10.24891/ia.25.5.507","DOIUrl":"https://doi.org/10.24891/ia.25.5.507","url":null,"abstract":"Subject. This article examines the historical background and current trends that determine the essence of the concepts of Wages and Remuneration of Labor.\u0000Objectives. The article aims to reveal the essence of the concepts of Wages and Remuneration of Labor, as well as solve the problem of their synonymous character. This will make it possible to form a unified approach to the interpretation and differentiation of these concepts in accounting and labor legislation.\u0000Methods. For the study, we used analysis and synthesis, comparison, logical generalization, and the systems approach.\u0000Results. The article interprets the concept of Remuneration of Labor, determines the correlation of the concepts of Wages, Remuneration of Labor and Employee Benefits in the system of financial accounting, and identifies current problems of their use in regulatory legal acts. The article also recommends and substantiates to distinguish between the concepts of Wages and Remuneration of Labor in the accounting system and introduce the concept of Employee Benefits, taking into account all actual forms of remuneration for work.\u0000Conclusions and Relevance. The article concludes that it is necessary to distinguish between the concept of Remuneration of Labor and the concepts of Wages and Employee Benefits, and describes their relationship, which will help form a holistic concept of their use in labor legislation and the accounting system. The results of the study can be used in the process of organizing accounting and analytical work at the enterprise, compiling financial statements and adopting regulations in the field of labor law and financial accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"118 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76103675","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 methodology of accounting for derivative financial instruments of non-financial organizations. Objectives. The article aims to develop recommendations for solving these problems. Methods. For the study, we used a critical analysis, synthesis, comparison, observation, and the analog approach. Results. The article shows the insufficiency of regulation of accounting for derivative financial instruments of Russian non-financial organizations, and it reveals significant differences in the interpretation of the economic essence of derivative financial instruments and the recommended methodological approaches to their valuation and accounting in the scientific literature. The article offers author-developed recommendations for solving problematic issues of accounting for derivative financial instruments of Russian non-financial organizations. Conclusions and Relevance. The current Russian accounting standards for non-financial organizations do not contain regulations on the accounting for derivative financial instruments. It is necessary to develop appropriate regulatory documents. The interpretation of the economic essence of derivative financial instruments, methodological approaches to their evaluation and accounting, proposed in the scientific literature, differ significantly. The results obtained have both applied and theoretical applications in the field of financial accounting.
{"title":"A methodology of accounting for derivative instruments: Challenges and solutions","authors":"T. Druzhilovskaya, N. A. Dobrolyubov","doi":"10.24891/ia.25.5.486","DOIUrl":"https://doi.org/10.24891/ia.25.5.486","url":null,"abstract":"Subject. This article discusses the problems associated with the methodology of accounting for derivative financial instruments of non-financial organizations.\u0000Objectives. The article aims to develop recommendations for solving these problems.\u0000Methods. For the study, we used a critical analysis, synthesis, comparison, observation, and the analog approach.\u0000Results. The article shows the insufficiency of regulation of accounting for derivative financial instruments of Russian non-financial organizations, and it reveals significant differences in the interpretation of the economic essence of derivative financial instruments and the recommended methodological approaches to their valuation and accounting in the scientific literature. The article offers author-developed recommendations for solving problematic issues of accounting for derivative financial instruments of Russian non-financial organizations.\u0000Conclusions and Relevance. The current Russian accounting standards for non-financial organizations do not contain regulations on the accounting for derivative financial instruments. It is necessary to develop appropriate regulatory documents. The interpretation of the economic essence of derivative financial instruments, methodological approaches to their evaluation and accounting, proposed in the scientific literature, differ significantly. The results obtained have both applied and theoretical applications in the field of financial accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"40 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88783958","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 theoretical and applied issues of organizing the budgeting system at banks in the digital economy. Objectives. The article aims to clarify the methodology and structure of budgeting at banks on the basis of a comprehensive approach under the digital environment conditions. Methods. For the study, we used analysis and synthesis, comparison, observation, evaluation, generalization, description, systematization, and summarizing. Results. The article clarifies the concept of budgeting in banking activities and emphasizes its belonging to strategic management accounting and information and analytical support of the bank's activities. Based on a comprehensive approach to the development of a budgeting system at banks, the article proposes a master budget structure for the bank, which expands the modern scientific understanding of budgeting and helps improve the quality of management. Conclusions and Relevance. A comprehensive approach to the organization of the budgeting system helps plan the income, expenses and results of the bank's activities in the areas of banking, responsibility centers, and taking into account innovative development plans. The results of the study can be useful to the management of banks in financial result planning, searching for reserves for improving the efficiency of activities, studying the prospects and potential for introducing certain types of innovation, stakeholders when exploring the possibility of cooperation. The materials of the article can be used in scientific research on economics and in the educational processes of universities of the Russian Federation.
{"title":"Budgeting in banking: Approaches and solutions","authors":"T. G. Sheshukova, Kseniya Yu. Kotova","doi":"10.24891/ia.25.5.536","DOIUrl":"https://doi.org/10.24891/ia.25.5.536","url":null,"abstract":"Subject. This article deals with the theoretical and applied issues of organizing the budgeting system at banks in the digital economy.\u0000Objectives. The article aims to clarify the methodology and structure of budgeting at banks on the basis of a comprehensive approach under the digital environment conditions.\u0000Methods. For the study, we used analysis and synthesis, comparison, observation, evaluation, generalization, description, systematization, and summarizing.\u0000Results. The article clarifies the concept of budgeting in banking activities and emphasizes its belonging to strategic management accounting and information and analytical support of the bank's activities. Based on a comprehensive approach to the development of a budgeting system at banks, the article proposes a master budget structure for the bank, which expands the modern scientific understanding of budgeting and helps improve the quality of management.\u0000Conclusions and Relevance. A comprehensive approach to the organization of the budgeting system helps plan the income, expenses and results of the bank's activities in the areas of banking, responsibility centers, and taking into account innovative development plans. The results of the study can be useful to the management of banks in financial result planning, searching for reserves for improving the efficiency of activities, studying the prospects and potential for introducing certain types of innovation, stakeholders when exploring the possibility of cooperation. The materials of the article can be used in scientific research on economics and in the educational processes of universities of the Russian Federation.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"40 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75342354","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 mechanism for determining the customs value of goods imported into the customs territory of the EAEU through the value of the transaction with imported goods. Objectives. The article aims to consider the theoretical provisions of determining the value of goods imported into the customs territory of the EAEU by the value of the transaction with imported goods, and develop practical case studies of its application in practice. Methods. For the study, we used a comparative analysis, analogy, graphic and compilation techniques, and induction and deduction. Results. The article considers the basic provisions for the formation of the customs value of goods, taking into account the conditions for applying method 1, as well as the price actually paid or payable, taking into account the use of permitted deductions and additional charges, namely three types of permitted deductions from the actual paid or payable price. For each deduction, practice-oriented case studies have been developed showing possible options for their application. Conclusions and Relevance. The tools developed by the Technical Committee were to be reflected in the legislative acts of the EAEU. However, this is fraught with difficulties in collecting information on comparable companies in order to justify the marketability of the transaction. Price actually paid or payable, being a special term for customs legal relations, includes an open list of payments made or to be made as a condition for the sale of goods, the customs value of which is determined. The results of the study can be used in the practical activities of companies implementing foreign economic activity, consulting firms, and scientific organizations when conducting research.
{"title":"The mechanism for determining the customs value of goods imported into the EAEU territory by imported-goods transaction value: Theory and practice","authors":"E. Sidorova, Aleksei A. ARTEM'EV","doi":"10.24891/ia.25.3.314","DOIUrl":"https://doi.org/10.24891/ia.25.3.314","url":null,"abstract":"Subject. This article discusses the mechanism for determining the customs value of goods imported into the customs territory of the EAEU through the value of the transaction with imported goods.\u0000Objectives. The article aims to consider the theoretical provisions of determining the value of goods imported into the customs territory of the EAEU by the value of the transaction with imported goods, and develop practical case studies of its application in practice.\u0000Methods. For the study, we used a comparative analysis, analogy, graphic and compilation techniques, and induction and deduction.\u0000Results. The article considers the basic provisions for the formation of the customs value of goods, taking into account the conditions for applying method 1, as well as the price actually paid or payable, taking into account the use of permitted deductions and additional charges, namely three types of permitted deductions from the actual paid or payable price. For each deduction, practice-oriented case studies have been developed showing possible options for their application.\u0000Conclusions and Relevance. The tools developed by the Technical Committee were to be reflected in the legislative acts of the EAEU. However, this is fraught with difficulties in collecting information on comparable companies in order to justify the marketability of the transaction. Price actually paid or payable, being a special term for customs legal relations, includes an open list of payments made or to be made as a condition for the sale of goods, the customs value of which is determined. The results of the study can be used in the practical activities of companies implementing foreign economic activity, consulting firms, and scientific organizations when conducting research.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90237868","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 organizational aspects of the transition to integrated reporting that organizations need to take into account when implementing this prospective corporate reporting model. Objectives. The article aims to reveal the content of the main stages of development of the plan for the transition to integrated reporting, set out in the Guide of the Value Reporting Foundation, a new global nonprofit organization promoting the concept of integrated reporting and industry-specific sustainability accounting standards, formed as a result of the merger of the International Integrated Reporting Council and the Sustainability Accounting Standards Board. Methods. The research is based on analysis, synthesis, comparison, generalization, and abstraction. Results. The article reveals the content of the main stages of the transition to integrated reporting formation, considers a typical roadmap for the transition to integrated reporting, which can become the basis for organizations to develop an individual plan for the transition to this promising model of corporate reporting, taking into account their unique circumstances. Conclusions. The guide proposed by the Value Reporting Foundation for the transition to integrated reporting is aimed at providing methodological assistance to compilers of a new type of corporate reporting. It summarizes the practical experience of organizations that have implemented the integrated reporting model. It was found that the Value Reporting Foundation's algorithm for the transition to integrated reporting does not contain fundamental innovations in comparison with the proposals previously formulated by Russian scientists. The value of the reviewed guide is that it is presented by the standard-setter of the integrated reporting concept, and it causes greater trust of users, especially those ones who prefer to follow the guidance documents.
{"title":"Organizing the transition to integrated reporting","authors":"N. Malinovskaya","doi":"10.24891/ia.25.3.300","DOIUrl":"https://doi.org/10.24891/ia.25.3.300","url":null,"abstract":"Subject. This article discusses the organizational aspects of the transition to integrated reporting that organizations need to take into account when implementing this prospective corporate reporting model.\u0000Objectives. The article aims to reveal the content of the main stages of development of the plan for the transition to integrated reporting, set out in the Guide of the Value Reporting Foundation, a new global nonprofit organization promoting the concept of integrated reporting and industry-specific sustainability accounting standards, formed as a result of the merger of the International Integrated Reporting Council and the Sustainability Accounting Standards Board.\u0000Methods. The research is based on analysis, synthesis, comparison, generalization, and abstraction.\u0000Results. The article reveals the content of the main stages of the transition to integrated reporting formation, considers a typical roadmap for the transition to integrated reporting, which can become the basis for organizations to develop an individual plan for the transition to this promising model of corporate reporting, taking into account their unique circumstances.\u0000Conclusions. The guide proposed by the Value Reporting Foundation for the transition to integrated reporting is aimed at providing methodological assistance to compilers of a new type of corporate reporting. It summarizes the practical experience of organizations that have implemented the integrated reporting model. It was found that the Value Reporting Foundation's algorithm for the transition to integrated reporting does not contain fundamental innovations in comparison with the proposals previously formulated by Russian scientists. The value of the reviewed guide is that it is presented by the standard-setter of the integrated reporting concept, and it causes greater trust of users, especially those ones who prefer to follow the guidance documents.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82151644","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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