D. Endovitskii, Vera N. Serdyuk, Tat'yana A. Pozhidaeva, N. Spiridonova
Subject. This article deals with the issues related to the determination of the stages of external and internal financial control over the activities of economic entities, including budgetary institutions. Objectives. The article aims to substantiate the composition, content and sequence of stages of external and internal financial control, the implementation of which ensures an improvement of the efficiency of control over the functioning of economic entities, the quality of organization and the implementation of control activities. Methods. For the study, we used the methods of detailing, generalization, observation, comparison, and grouping. Results. The article summarizes the approaches known in regulatory legal acts and specialized literature to the allocation of stages of organization and conduct of financial control, substantiates the expediency of distinguishing the stages of control activities and the stages of implementation of control measures, and offers the author-developed version of the allocation of stages of internal financial control based on a risk-oriented approach. Conclusions. When developing organizational and methodological support for certain types of financial control, it is necessary to distinguish between the stages of control activities and the stages of control measures. When distinguishing the stages of external and internal financial control, it is necessary to take into account the specifics of the implementation of each of them. The results obtained can contribute to the development of organizational and methodological provisions of financial control.
{"title":"Determining the stages of external and internal financial control","authors":"D. Endovitskii, Vera N. Serdyuk, Tat'yana A. Pozhidaeva, N. Spiridonova","doi":"10.24891/ia.27.1.69","DOIUrl":"https://doi.org/10.24891/ia.27.1.69","url":null,"abstract":"Subject. This article deals with the issues related to the determination of the stages of external and internal financial control over the activities of economic entities, including budgetary institutions.\u0000Objectives. The article aims to substantiate the composition, content and sequence of stages of external and internal financial control, the implementation of which ensures an improvement of the efficiency of control over the functioning of economic entities, the quality of organization and the implementation of control activities.\u0000Methods. For the study, we used the methods of detailing, generalization, observation, comparison, and grouping.\u0000Results. The article summarizes the approaches known in regulatory legal acts and specialized literature to the allocation of stages of organization and conduct of financial control, substantiates the expediency of distinguishing the stages of control activities and the stages of implementation of control measures, and offers the author-developed version of the allocation of stages of internal financial control based on a risk-oriented approach.\u0000Conclusions. When developing organizational and methodological support for certain types of financial control, it is necessary to distinguish between the stages of control activities and the stages of control measures. When distinguishing the stages of external and internal financial control, it is necessary to take into account the specifics of the implementation of each of them. The results obtained can contribute to the development of organizational and methodological provisions of financial control.","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":"139622607","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 ensuring food security in Russia through improving the quality of agricultural land, which can be achieved through the implementation of reclamation measures on agricultural lands, the financing of which is performed through the provision of State aid. Objectives. The article aims to study the methodology of accounting for State aid to land reclamation works in agriculture, identify problems, and propose ways to solve them. Methods. For the study, I used a dialectical approach, observation, analysis and synthesis, comparison, as well as elements of the accounting method. Results. An analysis of the accounting of budget financing for land reclamation works reveals that different regulatory documents contain different methods. On the basis of this analysis, the article proposes a set of accounting records for State aid, as well as analytical accounts for accounting for budget financing for reclamation work performed for agricultural enterprises. Conclusions and Relevance. The proposed system of analytical accounting and accounting records for accounting of State aid for land reclamation works in agriculture will improve the efficiency of control over the targeted use of allocated budget funds. The results of the study can be applied in the system of accounting and internal control of agricultural organizations.
{"title":"Targeted financing of land reclamation works at agricultural enterprises: Accounting and reporting","authors":"Raheem Ullah","doi":"10.24891/ia.27.1.22","DOIUrl":"https://doi.org/10.24891/ia.27.1.22","url":null,"abstract":"Subject. This article discusses the issues of ensuring food security in Russia through improving the quality of agricultural land, which can be achieved through the implementation of reclamation measures on agricultural lands, the financing of which is performed through the provision of State aid.\u0000Objectives. The article aims to study the methodology of accounting for State aid to land reclamation works in agriculture, identify problems, and propose ways to solve them.\u0000Methods. For the study, I used a dialectical approach, observation, analysis and synthesis, comparison, as well as elements of the accounting method.\u0000Results. An analysis of the accounting of budget financing for land reclamation works reveals that different regulatory documents contain different methods. On the basis of this analysis, the article proposes a set of accounting records for State aid, as well as analytical accounts for accounting for budget financing for reclamation work performed for agricultural enterprises.\u0000Conclusions and Relevance. The proposed system of analytical accounting and accounting records for accounting of State aid for land reclamation works in agriculture will improve the efficiency of control over the targeted use of allocated budget funds. The results of the study can be applied in the system of accounting and internal control of agricultural organizations.","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":"139622067","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}
Konstantin K. Kumekhov, Larisa N. Sorokina, Khabas M. Bekulov
Subject. This article analyzes the processes and phenomena associated with the improvement of the informative and analytical nature of present-day forms of financial reporting. Objectives. The article aims to identify the main factors that determine the architecture of accounting and reporting based on the assessment of experts, and develop measures to improve the informative and analytical content of accounting and reporting. Methods. For the study, we used the general and specific scientific research methods, such as deduction and induction, synthesis and analysis, comparison, modeling, and observation. Results. The article identifies the main factors and the degree of their influence on the architecture of the accounting and reporting system, which is most suitable for users. It offers the authors-developed measures to improve the level of analytical and informative accounting and reporting for internal and external users. Conclusions. The system of accounting and reporting, the level of their informative value and analytics do not fully meet the needs of internal and external users, which leads to a decrease in the effectiveness of management decisions. In the development of accounting and reporting forms, the characteristics of the technologies related to the activities of the organization and the corresponding organizational structure should be taken into account as fundamental factors in the formation of an information system. Focus on IFRS and digital technologies in accounting cannot solve the problems of improving the information content and analytical nature of financial statements. Measures to improve the informative and analytical nature of modern forms of accounting reporting should be based on "economic thought".
{"title":"On the ways to improve the information content and analyzability of contemporary accounting forms","authors":"Konstantin K. Kumekhov, Larisa N. Sorokina, Khabas M. Bekulov","doi":"10.24891/ia.27.1.39","DOIUrl":"https://doi.org/10.24891/ia.27.1.39","url":null,"abstract":"Subject. This article analyzes the processes and phenomena associated with the improvement of the informative and analytical nature of present-day forms of financial reporting.\u0000Objectives. The article aims to identify the main factors that determine the architecture of accounting and reporting based on the assessment of experts, and develop measures to improve the informative and analytical content of accounting and reporting.\u0000Methods. For the study, we used the general and specific scientific research methods, such as deduction and induction, synthesis and analysis, comparison, modeling, and observation.\u0000Results. The article identifies the main factors and the degree of their influence on the architecture of the accounting and reporting system, which is most suitable for users. It offers the authors-developed measures to improve the level of analytical and informative accounting and reporting for internal and external users.\u0000Conclusions. The system of accounting and reporting, the level of their informative value and analytics do not fully meet the needs of internal and external users, which leads to a decrease in the effectiveness of management decisions. In the development of accounting and reporting forms, the characteristics of the technologies related to the activities of the organization and the corresponding organizational structure should be taken into account as fundamental factors in the formation of an information system. Focus on IFRS and digital technologies in accounting cannot solve the problems of improving the information content and analytical nature of financial statements. Measures to improve the informative and analytical nature of modern forms of accounting reporting should be based on \"economic thought\".","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":"139620941","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 requirements for disclosure of sustainability factors in financial statements due to the release of the International Disclosure Standard IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information. Objectives. The article aims to reveal the content of the main provisions set forth in the IFRS S1 Standard issued by the International Sustainability Standards Board (ISSB) (sponsored by the IFRS Foundation), assess the possibility of applying the requirements of the Standard in Russia, and identify possible problems in its implementation and propose ways to solve them. Methods. For the study, we used analysis, synthesis, comparison, generalization, and abstraction. Results. The article defines that the presentation of information on risks and opportunities related to sustainable development should be carried out from the perspective of four aspects, namely governance, strategy, risk management, metrics and goals of the organization in the field of sustainable development. It discloses the content of the main sections of the Standard and formulates the factors and conditions for the applicability of the IFRS S1 Standard in Russia, as well as possible problems associated with its application, and proposals for their solution. Conclusions. The requirements for disclosure of financial information on risks and opportunities related to sustainable development, established by the International Disclosure Standard IFRS S1, are aimed to increase the availability of key users of financial statements to information reflecting the impact of sustainable development factors on the financial position, financial results, and cash flows of the organization. Standardization of disclosure of such information can help reduce the costs of preparers, analysts, auditors and other interested users, and stimulates the current trend of introducing the concept of sustainable development into management practice, including by Russian organizations.
{"title":"Sustainability factors consideration: Emerging trends in financial reporting","authors":"N. Malinovskaya, Dar'ya E. Kireeva","doi":"10.24891/ia.27.1.4","DOIUrl":"https://doi.org/10.24891/ia.27.1.4","url":null,"abstract":"Subject. This article discusses the requirements for disclosure of sustainability factors in financial statements due to the release of the International Disclosure Standard IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information.\u0000Objectives. The article aims to reveal the content of the main provisions set forth in the IFRS S1 Standard issued by the International Sustainability Standards Board (ISSB) (sponsored by the IFRS Foundation), assess the possibility of applying the requirements of the Standard in Russia, and identify possible problems in its implementation and propose ways to solve them.\u0000Methods. For the study, we used analysis, synthesis, comparison, generalization, and abstraction.\u0000Results. The article defines that the presentation of information on risks and opportunities related to sustainable development should be carried out from the perspective of four aspects, namely governance, strategy, risk management, metrics and goals of the organization in the field of sustainable development. It discloses the content of the main sections of the Standard and formulates the factors and conditions for the applicability of the IFRS S1 Standard in Russia, as well as possible problems associated with its application, and proposals for their solution.\u0000Conclusions. The requirements for disclosure of financial information on risks and opportunities related to sustainable development, established by the International Disclosure Standard IFRS S1, are aimed to increase the availability of key users of financial statements to information reflecting the impact of sustainable development factors on the financial position, financial results, and cash flows of the organization. Standardization of disclosure of such information can help reduce the costs of preparers, analysts, auditors and other interested users, and stimulates the current trend of introducing the concept of sustainable development into management practice, including by Russian organizations.","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":"139622439","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 internal control as an important element of the management system in the issue of the organization's personnel continuity. Objectives. The article aims to analyze the existing forms of organization of internal control in agricultural entities and determine the most effective one, taking into account the scale of activity of an economic entity and the specifics of the industry. Methods. For the study, I used comparative and case analyses, analytical research methods, and the computational and graphical method. Results. Based on the practices studied, the article generalizes and groups the tasks of internal control over personnel settlements, taking into account the specifics of the agricultural industry. The article proposes the author-developed control procedures to be used at each stage of checking personnel payroll settlements to improve the effectiveness of the results of internal control and minimize the risks of undetected distortions in accounting and financial reporting data. The main violations committed when accounting for the reflection of wage transactions by agricultural organizations are analyzed, and their negative consequences are determined. Conclusions and Relevance. Agricultural production is always associated with certain risks, due not only to the commercial activities of the organization (business risks), but also to the specific features of this industry. The results of the study can be used in the theory and practice of internal control, as well as for further scientific developments and practical application in agricultural organizations.
{"title":"Management of internal control of staff salary settlements in agricultural entities: Some peculiarities","authors":"Irina N. Kalinina","doi":"10.24891/ia.26.12.1419","DOIUrl":"https://doi.org/10.24891/ia.26.12.1419","url":null,"abstract":"Subject. This article considers internal control as an important element of the management system in the issue of the organization's personnel continuity. Objectives. The article aims to analyze the existing forms of organization of internal control in agricultural entities and determine the most effective one, taking into account the scale of activity of an economic entity and the specifics of the industry. Methods. For the study, I used comparative and case analyses, analytical research methods, and the computational and graphical method. Results. Based on the practices studied, the article generalizes and groups the tasks of internal control over personnel settlements, taking into account the specifics of the agricultural industry. The article proposes the author-developed control procedures to be used at each stage of checking personnel payroll settlements to improve the effectiveness of the results of internal control and minimize the risks of undetected distortions in accounting and financial reporting data. The main violations committed when accounting for the reflection of wage transactions by agricultural organizations are analyzed, and their negative consequences are determined. Conclusions and Relevance. Agricultural production is always associated with certain risks, due not only to the commercial activities of the organization (business risks), but also to the specific features of this industry. The results of the study can be used in the theory and practice of internal control, as well as for further scientific developments and practical application in agricultural organizations.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139178705","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 approaches to environmental cost accounting proposed by different researchers. Objectives. The article aims to systematize and summarize knowledge about the problems and opportunities of accounting for environmental costs at crop production enterprises, as well as develop recommendations for dealing with areas of concern of accounting. Methods. For the study, we used the methods of observation, synthesis and analysis, the dialectical approach, as well as accounting methods and their elements such as valuation, accounts and double entry, reporting, etc. Results. Based on the analysis of the possibilities of accounting for environmental costs in the conditions of modern automation, the article formulates the definition of environmental costs, which implies the possibility of influence of force majeure circumstances on the environmental component in the activities of the enterprise. It substantiates and proposes an approach to environmental cost accounting based on the allocation of current and capital expenditure items in financial accounting. Conclusions. In modern accounting programs, there is no need to use new accounts to summarize environmental costs. The introduction of an additional account leads to the division of costs between accounts, which contradicts the production accounting methodology implemented in accounting programs.
{"title":"Issues of environmental cost accounting in crop production at the present stage","authors":"G. Klychova, El'mir A. Gallyamov","doi":"10.24891/ia.26.12.1354","DOIUrl":"https://doi.org/10.24891/ia.26.12.1354","url":null,"abstract":"Subject. This article analyzes the approaches to environmental cost accounting proposed by different researchers. Objectives. The article aims to systematize and summarize knowledge about the problems and opportunities of accounting for environmental costs at crop production enterprises, as well as develop recommendations for dealing with areas of concern of accounting. Methods. For the study, we used the methods of observation, synthesis and analysis, the dialectical approach, as well as accounting methods and their elements such as valuation, accounts and double entry, reporting, etc. Results. Based on the analysis of the possibilities of accounting for environmental costs in the conditions of modern automation, the article formulates the definition of environmental costs, which implies the possibility of influence of force majeure circumstances on the environmental component in the activities of the enterprise. It substantiates and proposes an approach to environmental cost accounting based on the allocation of current and capital expenditure items in financial accounting. Conclusions. In modern accounting programs, there is no need to use new accounts to summarize environmental costs. The introduction of an additional account leads to the division of costs between accounts, which contradicts the production accounting methodology implemented in accounting programs.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139178628","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 focuses on identifying trends related to the optimization of data disclosure in reporting and addressing constraints, including in relation to disclosure-sensitive information. Objectives. The article aims to identify the classification features in relation to mandatory disclosure, determine the existing trends in the optimization and restrictions of information disclosure in financial and non-financial reporting, as well as describe the prospects for solving the problems of transparency of reporting prepared under the conditions of information restriction. Methods. For the study, we used the methods of logical analysis, systematization, data grouping, comparison, and average values. Results. The article proposes classification features in relation to information to be disclosed in financial statements, identifies trends in the disclosure of non-financial information, evaluates approaches to the statutory regulation of disclosure of information in financial statements proposed in international practice, and formulates proposals regarding the prospects for disclosure of reporting information. Conclusions. The processes of improving the transparency of information in the reporting of Russian organizations are multidirectional, depending on the situation in the economic and political sphere. Some organizations need to limit the publication of both individual information and financial statements as a whole, but at the same time, the number of enterprises providing non-financial reporting in order to strengthen their positions in financial markets and attract investors gets increasing. The regulatory framework for these processes is aimed at developing optimal approaches to the application of restrictions on information disclosure and providing methodological support to ensure a balance between the interests of preparers and users.
{"title":"Disclosure in corporate reporting: Classification, trends, and prospects","authors":"S. Pankova, Zauresh S. Tuyakova","doi":"10.24891/ia.26.12.1374","DOIUrl":"https://doi.org/10.24891/ia.26.12.1374","url":null,"abstract":"Subject. This article focuses on identifying trends related to the optimization of data disclosure in reporting and addressing constraints, including in relation to disclosure-sensitive information. Objectives. The article aims to identify the classification features in relation to mandatory disclosure, determine the existing trends in the optimization and restrictions of information disclosure in financial and non-financial reporting, as well as describe the prospects for solving the problems of transparency of reporting prepared under the conditions of information restriction. Methods. For the study, we used the methods of logical analysis, systematization, data grouping, comparison, and average values. Results. The article proposes classification features in relation to information to be disclosed in financial statements, identifies trends in the disclosure of non-financial information, evaluates approaches to the statutory regulation of disclosure of information in financial statements proposed in international practice, and formulates proposals regarding the prospects for disclosure of reporting information. Conclusions. The processes of improving the transparency of information in the reporting of Russian organizations are multidirectional, depending on the situation in the economic and political sphere. Some organizations need to limit the publication of both individual information and financial statements as a whole, but at the same time, the number of enterprises providing non-financial reporting in order to strengthen their positions in financial markets and attract investors gets increasing. The regulatory framework for these processes is aimed at developing optimal approaches to the application of restrictions on information disclosure and providing methodological support to ensure a balance between the interests of preparers and users.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139177463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article considers the depreciation of fixed assets not only as the distribution and write-off of their cost, but also as the accumulation of funds by systematically including in the cost of production (work performed, services rendered) the amounts of depreciation deductions for these fixed assets. Objectives. The article aims to develop a methodology for accounting for the creation and use of a depreciation fund as a source of financing for the acquisition (creation) of fixed assets and other non-current assets. Methods. For the study, we used analysis and synthesis, modeling, systematization, and generalization. Results. The article covers the organizational and methodological aspects of accounting for the creation and use of the depreciation fund, as well as reproducible capital, which are the source of acquisition (creation) of fixed assets. The article presents the author-developed methodology for accounting for the reflection of transactions on recommended new accounts when creating and using a sinking fund, as well as reproducible capital. Conclusions and Relevance. The conducted theoretical and applied research, revealing modern problems of accounting for depreciation of the cost of fixed assets, reveals the need to make changes in accounting for the write-off of depreciation of fixed assets and the introduction of a methodology for the creation and use of a depreciation fund and reproducible capital as sources for the formation of fixed assets and other non-current assets in commercial organizations. The results of the study can be applied in the theory and practice of financial accounting and reporting.
{"title":"Accounting for the formation of a fixed-asset depreciation fund and its transformation into reproducible capital","authors":"R. Alborov, S. Kozmenkova, E. Mosunova","doi":"10.24891/ia.26.12.1339","DOIUrl":"https://doi.org/10.24891/ia.26.12.1339","url":null,"abstract":"Subject. This article considers the depreciation of fixed assets not only as the distribution and write-off of their cost, but also as the accumulation of funds by systematically including in the cost of production (work performed, services rendered) the amounts of depreciation deductions for these fixed assets. Objectives. The article aims to develop a methodology for accounting for the creation and use of a depreciation fund as a source of financing for the acquisition (creation) of fixed assets and other non-current assets. Methods. For the study, we used analysis and synthesis, modeling, systematization, and generalization. Results. The article covers the organizational and methodological aspects of accounting for the creation and use of the depreciation fund, as well as reproducible capital, which are the source of acquisition (creation) of fixed assets. The article presents the author-developed methodology for accounting for the reflection of transactions on recommended new accounts when creating and using a sinking fund, as well as reproducible capital. Conclusions and Relevance. The conducted theoretical and applied research, revealing modern problems of accounting for depreciation of the cost of fixed assets, reveals the need to make changes in accounting for the write-off of depreciation of fixed assets and the introduction of a methodology for the creation and use of a depreciation fund and reproducible capital as sources for the formation of fixed assets and other non-current assets in commercial organizations. The results of the study can be applied in the theory and practice of financial accounting and reporting.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139177919","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 ensuring the objectivity of the interpretation of accounting (financial) statements when evaluating them using financial ratios and other analytical indicators in connection with the adoption of Federal Accounting Standard (FSBU) – Accounting for Leases, which leads to a change in the concept of accounting and the operation of the principle of property segregation. Objectives. The article aims to study the impact of the new rules for accounting for lease relations on the results of the analysis of financial statements. Methods. For the study, we used the general scientific cognition methods, economic analysis, and the logical approach. Results. The article presents the results of the assessment of the impact of the new rules of accounting for lease transactions on financial ratios usually used in the analysis of accounting (financial) statements. Conclusions. Modern standardization of accounting leads to the reformatting of accounting (financial) statements. Particularly, critical changes were introduced by Federal Accounting Standard (FSBU) – Accounting for Leases. More research is needed on the development of new criteria for assessing financial ratios and the use of not only industry criteria, but also the materiality of the share of leased funds recognized as assets in the accounting records. The results of the study are intended for the development of the methodology and practice of analysis of financial statements, as well as a critical look at the accounting standard for lease accounting.
{"title":"Risks of misstatements of the company's financial condition in the context of Federal Accounting Standard (FSBU) 25/2018 – Accounting for Leases","authors":"Tatiana Yurievna Serebryakova, Artur A. Semenov","doi":"10.24891/ia.26.12.1320","DOIUrl":"https://doi.org/10.24891/ia.26.12.1320","url":null,"abstract":"Subject. This article deals with the issues of ensuring the objectivity of the interpretation of accounting (financial) statements when evaluating them using financial ratios and other analytical indicators in connection with the adoption of Federal Accounting Standard (FSBU) – Accounting for Leases, which leads to a change in the concept of accounting and the operation of the principle of property segregation. Objectives. The article aims to study the impact of the new rules for accounting for lease relations on the results of the analysis of financial statements. Methods. For the study, we used the general scientific cognition methods, economic analysis, and the logical approach. Results. The article presents the results of the assessment of the impact of the new rules of accounting for lease transactions on financial ratios usually used in the analysis of accounting (financial) statements. Conclusions. Modern standardization of accounting leads to the reformatting of accounting (financial) statements. Particularly, critical changes were introduced by Federal Accounting Standard (FSBU) – Accounting for Leases. More research is needed on the development of new criteria for assessing financial ratios and the use of not only industry criteria, but also the materiality of the share of leased funds recognized as assets in the accounting records. The results of the study are intended for the development of the methodology and practice of analysis of financial statements, as well as a critical look at the accounting standard for lease accounting.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139178340","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}
Natal'ya G. Sapozhnikova, Vera N. Serdyuk, Mariya Tkacheva
Subject. This article deals with the issues of disclosure of sustainable development as a direction of modern corporate non-financial reporting, which provides an assessment of the implementation of the corporation's strategy in terms of economic, environmental and social aspects of activities. Objectives. The article aims to analyze the current practice of non-financial reporting, identify strengths and weaknesses, and identify aspects of sustainable development for the corporation and stakeholders. The article also aims to develop recommendations and methods for independently conducting the procedure for the formation of non-financial reporting by a corporation, as well as reveal the interaction of elements of reporting in the field of sustainable development with the indicators of consolidated financial statements in various tax jurisdictions, and identify promising areas for the development of the theory and practice of non-financial reporting. Methods. For the study, we used the methods of detailing, observation, generalization, comparison, classification, grouping, etc. Results. The article reflects the formation and disclosure of information on taxes paid by corporations in various tax jurisdictions based on GRI standards, which ensures that stakeholders make informed economic decisions. Based on the results of the study, it is proposed to make disclosure in the consolidated financial statements on the basis of information systematized in the proposed format of management reporting Taxation of Corporations in the Reporting Period. Conclusions and Relevance. Non-financial reporting will improve the transparency of corporate activities, improve stakeholder engagement, and broaden the information base for investment decision-making and corporate social responsibility assessment. The results of the research can be used in the practical activities of corporations when disclosing tax strategies and taxes paid by corporations in various tax jurisdictions in non-financial reporting.
{"title":"Tax information in non-financial corporate reporting","authors":"Natal'ya G. Sapozhnikova, Vera N. Serdyuk, Mariya Tkacheva","doi":"10.24891/ia.26.12.1396","DOIUrl":"https://doi.org/10.24891/ia.26.12.1396","url":null,"abstract":"Subject. This article deals with the issues of disclosure of sustainable development as a direction of modern corporate non-financial reporting, which provides an assessment of the implementation of the corporation's strategy in terms of economic, environmental and social aspects of activities. Objectives. The article aims to analyze the current practice of non-financial reporting, identify strengths and weaknesses, and identify aspects of sustainable development for the corporation and stakeholders. The article also aims to develop recommendations and methods for independently conducting the procedure for the formation of non-financial reporting by a corporation, as well as reveal the interaction of elements of reporting in the field of sustainable development with the indicators of consolidated financial statements in various tax jurisdictions, and identify promising areas for the development of the theory and practice of non-financial reporting. Methods. For the study, we used the methods of detailing, observation, generalization, comparison, classification, grouping, etc. Results. The article reflects the formation and disclosure of information on taxes paid by corporations in various tax jurisdictions based on GRI standards, which ensures that stakeholders make informed economic decisions. Based on the results of the study, it is proposed to make disclosure in the consolidated financial statements on the basis of information systematized in the proposed format of management reporting Taxation of Corporations in the Reporting Period. Conclusions and Relevance. Non-financial reporting will improve the transparency of corporate activities, improve stakeholder engagement, and broaden the information base for investment decision-making and corporate social responsibility assessment. The results of the research can be used in the practical activities of corporations when disclosing tax strategies and taxes paid by corporations in various tax jurisdictions in non-financial reporting.","PeriodicalId":507452,"journal":{"name":"International Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139178666","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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