Subject. Since 2024, the new Federal Accounting Standard (FSBU) 14/2022 – Intangible Assets is mandatory. This article examines the categorical framework of this Standard, as well as the past and international standards in comparison with legal norms. Objectives. The article aims to identify the types of intangible assets to be accounted for in accordance with the new Standard, based on the essence and generic features, the legal content of the types of intangible assets mentioned in the accounting standards in order to identify them, based on their importance in generating economic benefits and participating in the processes of the organization. Methods. For the study, we used the general scientific methods of cognition, a systems approach, logical generalization, analysis and synthesis, and analogy. Results. The study shows that the new Standard is not much different from the old one in terms of defining categories. In contrast to the international similar standard, the domestic standard lacks detailed explanations that are essential for identifying costs as expenses of the period or intangible assets. Conclusions and Relevance. For the reasonable recognition of intangible assets in accounting, it is necessary that the Standard takes into account the norms of the Civil Code of the Russian Federation and other laws that make it possible to distinguish between generic and essential features of intangible assets, which are the results of intellectual activity and means of individualization. The presented results are intended to further develop the methodology and practice of accounting for intangible assets of organizations.
{"title":"Issues of accounting for intangible assets under the new standard at the stage of their identification","authors":"Tatiana Yurievna Serebryakova, Elena V. Karpova","doi":"10.24891/ia.27.3.244","DOIUrl":"https://doi.org/10.24891/ia.27.3.244","url":null,"abstract":"Subject. Since 2024, the new Federal Accounting Standard (FSBU) 14/2022 – Intangible Assets is mandatory. This article examines the categorical framework of this Standard, as well as the past and international standards in comparison with legal norms.\u0000Objectives. The article aims to identify the types of intangible assets to be accounted for in accordance with the new Standard, based on the essence and generic features, the legal content of the types of intangible assets mentioned in the accounting standards in order to identify them, based on their importance in generating economic benefits and participating in the processes of the organization.\u0000Methods. For the study, we used the general scientific methods of cognition, a systems approach, logical generalization, analysis and synthesis, and analogy.\u0000Results. The study shows that the new Standard is not much different from the old one in terms of defining categories. In contrast to the international similar standard, the domestic standard lacks detailed explanations that are essential for identifying costs as expenses of the period or intangible assets.\u0000Conclusions and Relevance. For the reasonable recognition of intangible assets in accounting, it is necessary that the Standard takes into account the norms of the Civil Code of the Russian Federation and other laws that make it possible to distinguish between generic and essential features of intangible assets, which are the results of intellectual activity and means of individualization. The presented results are intended to further develop the methodology and practice of accounting for intangible assets of organizations.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140245076","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 of disclosure of information about related parties in accounting (financial) statements and meeting the needs of users. Objectives. The article aims to study the compliance of economic entities with the requirements of certain provisions on the disclosure of information about related parties in accounting (financial) statements and assess the companies' information transparency level. Methods. For the study, we used observation, comparison, generalization, and interpretation. Results. The article analyzes the accounting (financial) statements of fifteen Russian organizations in the chemical, oil and gas, metallurgical and energy industries for 2022, compiled in accordance with RAS and posted on official websites in the public domain. The article identifies and describes various factors influencing the disclosure of information in accounting (financial) statements. It suggests ways to improve the disclosure of information on related parties. Conclusions. The information disclosed in the accounting (financial) statements does not fully meet the needs of users. The article concludes that it is necessary to search for new formats of information disclosure, where professional judgment will be applied to the greatest extent.
{"title":"Related entities disclosure in financial statements: A current status study","authors":"Lidiya I. Kulikova, R. Z. Mukhametzyanov","doi":"10.24891/ia.27.3.304","DOIUrl":"https://doi.org/10.24891/ia.27.3.304","url":null,"abstract":"Subject. This article discusses the issues of disclosure of information about related parties in accounting (financial) statements and meeting the needs of users.\u0000Objectives. The article aims to study the compliance of economic entities with the requirements of certain provisions on the disclosure of information about related parties in accounting (financial) statements and assess the companies' information transparency level.\u0000Methods. For the study, we used observation, comparison, generalization, and interpretation.\u0000Results. The article analyzes the accounting (financial) statements of fifteen Russian organizations in the chemical, oil and gas, metallurgical and energy industries for 2022, compiled in accordance with RAS and posted on official websites in the public domain. The article identifies and describes various factors influencing the disclosure of information in accounting (financial) statements. It suggests ways to improve the disclosure of information on related parties.\u0000Conclusions. The information disclosed in the accounting (financial) statements does not fully meet the needs of users. The article concludes that it is necessary to search for new formats of information disclosure, where professional judgment will be applied to the greatest extent.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140244783","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 formation of the actual cost of goods when they are purchased in wholesale trade organizations. Objectives. The article aims to substantiate the method of formation of the actual cost of purchased goods of wholesale organizations, consider options for reflecting its components in the accounts, and highlight controversial issues in the valuation of goods when they are recognized. Methods. For the study, we used the methods of comparative analysis, content analysis, systematization, analogy, and generalization. Results. According to Federal Accounting Standard FSBU 5/2019 – Inventories, if goods are recognized in the accounting of a wholesale organization, there is a variability in the understanding of the actual cost. The article finds that the choice of components of the actual cost of purchased goods has a direct impact on many aspects of accounting. The article systematizes the methods of reflecting the received goods in accounting depending on the method of valuation, and formulates the peculiarities of their application. An analysis of regulatory documents shows that the procedure for calculating the write-off of deviations for goods has not been established yet. Conclusions and Relevance. Based on international practices, FAS FSBU 5/2019 – Inventories helps exercise professional judgment of an accountant in matters of valuation of goods of wholesale organizations upon recognition. The results obtained can be used both in theory and practice of reflecting commodity operations of wholesale organizations.
{"title":"Goods in wholesalers: Valuation at recognition, accounting considerations","authors":"E. Kopylova, Tat'yana I. Kopylova","doi":"10.24891/ia.27.2.170","DOIUrl":"https://doi.org/10.24891/ia.27.2.170","url":null,"abstract":"Subject. This article deals with the issues of formation of the actual cost of goods when they are purchased in wholesale trade organizations.\u0000Objectives. The article aims to substantiate the method of formation of the actual cost of purchased goods of wholesale organizations, consider options for reflecting its components in the accounts, and highlight controversial issues in the valuation of goods when they are recognized.\u0000Methods. For the study, we used the methods of comparative analysis, content analysis, systematization, analogy, and generalization.\u0000Results. According to Federal Accounting Standard FSBU 5/2019 – Inventories, if goods are recognized in the accounting of a wholesale organization, there is a variability in the understanding of the actual cost. The article finds that the choice of components of the actual cost of purchased goods has a direct impact on many aspects of accounting. The article systematizes the methods of reflecting the received goods in accounting depending on the method of valuation, and formulates the peculiarities of their application. An analysis of regulatory documents shows that the procedure for calculating the write-off of deviations for goods has not been established yet.\u0000Conclusions and Relevance. Based on international practices, FAS FSBU 5/2019 – Inventories helps exercise professional judgment of an accountant in matters of valuation of goods of wholesale organizations upon recognition. The results obtained can be used both in theory and practice of reflecting commodity operations of wholesale organizations.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140456110","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 of implementation of integrated reporting in the accounting practices of small and medium-sized enterprises. Objectives. The study aims to explore the concept of integrated reporting and its specifics for small and medium-sized businesses, as well as identify the benefits received by small and medium-sized enterprises from the incorporation of an innovative reporting model, and the obstacles that arise on the way to its implementation. Methods. For the study, I used the general scientific methods of detailing, generalization, induction and deduction, description, comparison, and chronological analysis. Results. The article analyzes the current trends in the use of integrated reporting and the role of small and medium-sized businesses in the economic systems of different countries. It identifies the benefits for small and medium-sized enterprises of incorporating an innovative reporting model and the constraints on this process. Conclusions. Countries need to take steps to promote interest of small and medium-sized enterprises in the implementation of integrated reporting. Expanding the scope of the innovative reporting model to small and medium-sized businesses will provide a number of benefits for both companies and stakeholders.
{"title":"Application of integrated reporting by small and medium-sized enterprises","authors":"I. O. Ignatova","doi":"10.24891/ia.27.2.157","DOIUrl":"https://doi.org/10.24891/ia.27.2.157","url":null,"abstract":"Subject. This article discusses the issues of implementation of integrated reporting in the accounting practices of small and medium-sized enterprises.\u0000Objectives. The study aims to explore the concept of integrated reporting and its specifics for small and medium-sized businesses, as well as identify the benefits received by small and medium-sized enterprises from the incorporation of an innovative reporting model, and the obstacles that arise on the way to its implementation.\u0000Methods. For the study, I used the general scientific methods of detailing, generalization, induction and deduction, description, comparison, and chronological analysis.\u0000Results. The article analyzes the current trends in the use of integrated reporting and the role of small and medium-sized businesses in the economic systems of different countries. It identifies the benefits for small and medium-sized enterprises of incorporating an innovative reporting model and the constraints on this process.\u0000Conclusions. Countries need to take steps to promote interest of small and medium-sized enterprises in the implementation of integrated reporting. Expanding the scope of the innovative reporting model to small and medium-sized businesses will provide a number of benefits for both companies and stakeholders.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140455286","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}
Vera N. Serdyuk, Tat'yana A. Pozhidaeva, L. Korobeinikova, Yu.I. Bakhturina
Subject. This article examines the particularities of the formation and analytical capabilities of a main form of accounting (financial) reporting, namely the Statement of Financial Results of public and commercial sector organizations, including the applicability of foreign standards, methods of economic analysis, etc. Objectives. The article aims to substantiate recommendations for the development of information and analytical capabilities of the Statement of Financial Results of public and commercial sector organizations based on a critical assessment of the positions of domestic researchers, analysis of Russian and foreign accounting and reporting standards. Methods. For the study, we used the methods of analysis, grouping, comparison and generalization. Results. Based on the review of the main approaches presented in the research of domestic authors on the stated topic, taking into account the provisions of Russian and foreign accounting standards and financial reporting, a comparison of the articles of the Statement of Financial Results and the procedure for their formation by public sector institutions and commercial organizations was carried out. The article presents the author-developed proposals to improve the analyticity of the Statement of Financial Results both for budgetary and autonomous institutions, and for commercial organizations. Conclusions. Differences in the requirements for the formation of information in the Statement of Financial Results contained in the regulatory enactments for the public and commercial sectors can be used to develop recommendations to improve the analytical nature of the information presented in it, ensuring the depth and accuracy of the results of economic analysis.
{"title":"Report on the financial results of public and commercial sector organizations: Preparation particularities and analytical capabilities","authors":"Vera N. Serdyuk, Tat'yana A. Pozhidaeva, L. Korobeinikova, Yu.I. Bakhturina","doi":"10.24891/ia.27.2.140","DOIUrl":"https://doi.org/10.24891/ia.27.2.140","url":null,"abstract":"Subject. This article examines the particularities of the formation and analytical capabilities of a main form of accounting (financial) reporting, namely the Statement of Financial Results of public and commercial sector organizations, including the applicability of foreign standards, methods of economic analysis, etc.\u0000Objectives. The article aims to substantiate recommendations for the development of information and analytical capabilities of the Statement of Financial Results of public and commercial sector organizations based on a critical assessment of the positions of domestic researchers, analysis of Russian and foreign accounting and reporting standards.\u0000Methods. For the study, we used the methods of analysis, grouping, comparison and generalization.\u0000Results. Based on the review of the main approaches presented in the research of domestic authors on the stated topic, taking into account the provisions of Russian and foreign accounting standards and financial reporting, a comparison of the articles of the Statement of Financial Results and the procedure for their formation by public sector institutions and commercial organizations was carried out. The article presents the author-developed proposals to improve the analyticity of the Statement of Financial Results both for budgetary and autonomous institutions, and for commercial organizations.\u0000Conclusions. Differences in the requirements for the formation of information in the Statement of Financial Results contained in the regulatory enactments for the public and commercial sectors can be used to develop recommendations to improve the analytical nature of the information presented in it, ensuring the depth and accuracy of the results of economic analysis.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140456042","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}
Irina P. Selezneva, G. Ostaev, G. Klychova, E. A. Shlyapnikova, Irina P. Selezneva
Subject. This article deals with the issues of classification of accounts by purpose and structure, as well as the application of contra-asset accounts. Objectives. The article aims to assess the significance and role of contra-asset accounts in the accounting system in its theoretical and practical aspects, as well as clarify the name of this classification group of accounts. Methods. For the study, we used the methods of information retrieval, generalization, modeling, analysis and synthesis. Results. Based on the study and generalization of theoretical provisions that reveal the issues and problems of the use of accounting accounts, the article presents proposals for clarifying the classification of contra-asset accounts and determines their theoretical and practical significance in the formation of information in the accounting system and financial reporting. Conclusions and Relevance. The use of the results of the study can help deeper understand the significance and role of contra-asset accounts and the multifunctional nature of information provided by their use in the formation of accounting (financial) statements and the solution of various management tasks for the management of processes related to the acquisition, use, storage, assessment of the state of objects recorded in the main accounts. This will create prerequisites for the competent use of this group of accounts in the practical activities of accountants. The materials of the study can be used to study and teach the theory of accounting, financial accounting, accounting (financial) reporting, as well as in the practical activities of specialists in the field of accounting.
{"title":"The significance and role of contra-asset accounts in accounting theory and practice","authors":"Irina P. Selezneva, G. Ostaev, G. Klychova, E. A. Shlyapnikova, Irina P. Selezneva","doi":"10.24891/ia.27.2.124","DOIUrl":"https://doi.org/10.24891/ia.27.2.124","url":null,"abstract":"Subject. This article deals with the issues of classification of accounts by purpose and structure, as well as the application of contra-asset accounts.\u0000Objectives. The article aims to assess the significance and role of contra-asset accounts in the accounting system in its theoretical and practical aspects, as well as clarify the name of this classification group of accounts.\u0000Methods. For the study, we used the methods of information retrieval, generalization, modeling, analysis and synthesis.\u0000Results. Based on the study and generalization of theoretical provisions that reveal the issues and problems of the use of accounting accounts, the article presents proposals for clarifying the classification of contra-asset accounts and determines their theoretical and practical significance in the formation of information in the accounting system and financial reporting.\u0000Conclusions and Relevance. The use of the results of the study can help deeper understand the significance and role of contra-asset accounts and the multifunctional nature of information provided by their use in the formation of accounting (financial) statements and the solution of various management tasks for the management of processes related to the acquisition, use, storage, assessment of the state of objects recorded in the main accounts. This will create prerequisites for the competent use of this group of accounts in the practical activities of accountants. The materials of the study can be used to study and teach the theory of accounting, financial accounting, accounting (financial) reporting, as well as in the practical activities of specialists in the field of accounting.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140455729","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 on-farm reserves as an effective tool for improving the performance of economic entities, helping look for additional opportunities to achieve their goals in conditions of insufficient resources and investments in the development of production processes. Objectives. The article aims to describe the importance of internal reserves in the activities of companies and develop a way to most effectively identify and implement them using internal control. Methods. For the study, we used the methods of modeling, induction, deduction, and logical analysis. Results. The article offers an author-developed definition of the term On-Farm Reserve, as well as a set of internal control tools, which is a set of pairs of control procedures aimed at identifying a potential reserve and assessing its effectiveness. Relevance. The practical significance of the study lies in the proposed tools, namely a set of control procedures that help minimize the risks of failure to achieve the goals of an economic entity as a result of the use of inefficient savings. The results of the article can be used for the organization of internal control of companies, as well as for further scientific developments and practical application.
{"title":"Internal control as a tool for identifying in-house reserves","authors":"Aleksei Yu. Alekseenko, Margarita A. Oleinik","doi":"10.24891/ia.27.2.207","DOIUrl":"https://doi.org/10.24891/ia.27.2.207","url":null,"abstract":"Subject. This article considers on-farm reserves as an effective tool for improving the performance of economic entities, helping look for additional opportunities to achieve their goals in conditions of insufficient resources and investments in the development of production processes.\u0000Objectives. The article aims to describe the importance of internal reserves in the activities of companies and develop a way to most effectively identify and implement them using internal control.\u0000Methods. For the study, we used the methods of modeling, induction, deduction, and logical analysis.\u0000Results. The article offers an author-developed definition of the term On-Farm Reserve, as well as a set of internal control tools, which is a set of pairs of control procedures aimed at identifying a potential reserve and assessing its effectiveness.\u0000Relevance. The practical significance of the study lies in the proposed tools, namely a set of control procedures that help minimize the risks of failure to achieve the goals of an economic entity as a result of the use of inefficient savings. The results of the article can be used for the organization of internal control of companies, as well as for further scientific developments and practical application.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139963125","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 practical issues related to the construction of a domestic financial control system and the formation of its elements (components). Objectives. The article aims to determine the main features of the functioning and development of the domestic financial control system, identify the elements (components) of the proposed system with the justification for classifying them as types of control, develop a scheme of the financial control system pointing out input and output values, the target function, as well as determine the goals, objectives and principles of building a domestic financial control system. Methods. For the study, we used the systems and logical approaches, and the general scientific cognition methods. Results. On the basis of the categorical analysis, the article clarifies the main elements (components) of the modern system of domestic financial control, its goals, objectives and principles of construction. It also formulates the need to build a modern system of domestic financial control, determines the main features of its functioning and development, identifies the elements (components) of the proposed system with the justification for classifying them as types of control, offers an author-developed scheme of the financial control system pointing out input and output values, and the target function. Relevance. The results obtained can be used in the activities of control and audit offices, forensic units, audit organizations and tax authorities during examination, control and audit.
{"title":"Elements of the modern system of domestic financial control","authors":"S. A. Zvyagin, O. N. Golovinov, I. E. Strygina","doi":"10.24891/ia.27.2.190","DOIUrl":"https://doi.org/10.24891/ia.27.2.190","url":null,"abstract":"Subject. This article deals with the theoretical and practical issues related to the construction of a domestic financial control system and the formation of its elements (components).\u0000Objectives. The article aims to determine the main features of the functioning and development of the domestic financial control system, identify the elements (components) of the proposed system with the justification for classifying them as types of control, develop a scheme of the financial control system pointing out input and output values, the target function, as well as determine the goals, objectives and principles of building a domestic financial control system.\u0000Methods. For the study, we used the systems and logical approaches, and the general scientific cognition methods.\u0000Results. On the basis of the categorical analysis, the article clarifies the main elements (components) of the modern system of domestic financial control, its goals, objectives and principles of construction. It also formulates the need to build a modern system of domestic financial control, determines the main features of its functioning and development, identifies the elements (components) of the proposed system with the justification for classifying them as types of control, offers an author-developed scheme of the financial control system pointing out input and output values, and the target function.\u0000Relevance. The results obtained can be used in the activities of control and audit offices, forensic units, audit organizations and tax authorities during examination, control and audit.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140456496","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article analyzes the content of the draft Federal Accounting Standard (FSBU) 4/2023 – Accounting (Financial) Statements from the perspective of the theory and practice of the formation and presentation of accounting (financial) statements. Objectives. The article aims to analyze the content of the draft FSBU 4/2023 – Accounting (Financial) Statements, its differences from the current regulations, including the approaches used in IFRS, as well as the comments received as a result of public discussion of the draft, and develop recommendations for its improvement. Methods. For the study, I used the methods of analysis, comparison, grouping, generalization, and the method of analogy. Results. Based on the analysis of the content of the draft FSBU 4/2023 – Accounting (Financial) Statements, as well as the comments received as a result of its public discussion, the article identifies the differences between the draft and the current regulatory documents under RAS and IFRS, its advantages and disadvantages. The article also presents recommendations for improving the content of the draft Federal Standard. Conclusions and Relevance. The draft FSBU 4/2023 – Accounting (Financial) Statements, aimed at bringing the regulatory requirements for the composition and content of information disclosed in accounting (financial) statements with the requirements of the current legislation, brings accounting (financial) statements under RAS closer to financial statements under IFRS. Taking into account the fact that the project contains certain shortcomings, there are prospects for its improvement. The results obtained can be applied in the theory and practice of accounting and reporting.
{"title":"Draft Federal Accounting Standard (FSBU) 4/2023 – Accounting (Financial) Statements: Content analysis and recommendations for improvement","authors":"Vyacheslav S. Zaika","doi":"10.24891/ia.27.1.100","DOIUrl":"https://doi.org/10.24891/ia.27.1.100","url":null,"abstract":"Subject. This article analyzes the content of the draft Federal Accounting Standard (FSBU) 4/2023 – Accounting (Financial) Statements from the perspective of the theory and practice of the formation and presentation of accounting (financial) statements.\u0000Objectives. The article aims to analyze the content of the draft FSBU 4/2023 – Accounting (Financial) Statements, its differences from the current regulations, including the approaches used in IFRS, as well as the comments received as a result of public discussion of the draft, and develop recommendations for its improvement.\u0000Methods. For the study, I used the methods of analysis, comparison, grouping, generalization, and the method of analogy.\u0000Results. Based on the analysis of the content of the draft FSBU 4/2023 – Accounting (Financial) Statements, as well as the comments received as a result of its public discussion, the article identifies the differences between the draft and the current regulatory documents under RAS and IFRS, its advantages and disadvantages. The article also presents recommendations for improving the content of the draft Federal Standard.\u0000Conclusions and Relevance. The draft FSBU 4/2023 – Accounting (Financial) Statements, aimed at bringing the regulatory requirements for the composition and content of information disclosed in accounting (financial) statements with the requirements of the current legislation, brings accounting (financial) statements under RAS closer to financial statements under IFRS. Taking into account the fact that the project contains certain shortcomings, there are prospects for its improvement. The results obtained can be applied in the theory and practice of accounting and reporting.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140507167","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}
S. A. Zvyagin, Natal'ya Sh. Ponomarenko, I. E. Strygina
Subject. This article examines the theoretical and practical issues related to the understanding of the object of financial control, such as Economic Entity, Business Entity, Enterprise, Firm, Organization, etc. Objectives. The article aims to carry out a terminological analysis in relation to the categories similar to the concept of Economic Entity within the framework of financial control; make proposals for the unification of the categories of Economic Entity, Business Entity, Enterprise, Firm, Organization in the formation of the results of financial and control activities for the purposes of civil, criminal, arbitration, and administrative proceedings. Methods. For the study, we used the systems and logical approaches, and the general scientific cognition methods. Results. Based on the categorical and terminological analyses, the article makes proposals for the elimination of contradictions in terms of the formation of a unified approach to the definition of the object of financial control. Conclusions and Relevance. The proposals made to eliminate contradictions in regulatory documents and reference literature in order to form a unified approach to determining the object of financial control will help reduce risks when conducting control, audit, verification and expert activities on the most important problematic issues of interaction with civil, criminal, arbitration, and administrative processes. The results of the work carried out can be used in the activities of control and audit offices, forensic units, audit organizations and tax authorities during examination, control and audit, when the conclusions obtained can be the subject of civil, criminal, arbitration, and administrative proceedings.
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