Liquidation Financial Reporting of Russian Companies in Terms of Digital Economy

2019 ◽  
pp. 72-81
Author(s):  
Ruslan Tkhagapso ◽  
Mikhail Kuter ◽  
Anastasiya Trukhina
Keyword(s):  
Financial Reporting ◽  
Digital Economy

PRIMARY INFORMATION ABOUT ACCOUNTING OBJECTS IN THE DIGITAL ECONOMY

2021 ◽  
Vol 3 (11) ◽  
pp. 74-81
Author(s):  
Tatyana P. Karpova ◽  
◽  
Zhanna A. Kevorkova ◽  
Victoria V. Karpova ◽  
◽  
...  
Keyword(s):  
Financial Reporting ◽  
Digital Economy ◽  
Economic Life ◽  
The Public ◽  
Factors Influencing ◽  
Primary Documents ◽  
Paper Document ◽  
Document Flow ◽  
New Challenges ◽  
Commercial Organizations

In the digital economy, accounting and financial reporting face new challenges and the need to implement them. A priority role in this aspect belongs to primary accounting, in particular, the fulfillment of the requirements for completeness and reliability of reflecting the availability, safety, movement and use of assets and liabilities of commercial organizations and institutions of the public sector of the economy. Stand-ardized approaches to the construction of primary accounting in terms of electronic and paper document flow are analyzed. The article pays special attention to a set of normative acts regulating to varying degrees the composition and content of mandatory requisites of primary documents. The factors influencing the versatility of the requirements specified in the regulations of various government structures and departments are indi-cated. The results of the study can be used in the practical activities of organizations and institutions in order to fully and reliably reflect the facts of economic life concerning the presence and movement of accounting objects.

scholarly journals Adjusting Financial Reporting in the Perspective of Transferring Financial Transactions to the Cryptocurrency Market

2022 ◽  
Author(s):  
Monica-Laura Sorici (Zlati) ◽  
◽  
Veronica Grosu ◽  
Cristina-Gabriela Cosmulese ◽  
Marian Socoliuc ◽  
...  
Keyword(s):  
Economic Development ◽  
Financial Reporting ◽  
Tax Evasion ◽  
Digital Economy ◽  
Decision Makers ◽  
Prospective Analysis ◽  
Accounting System ◽  
Trading System ◽  
Health Security ◽  
Financial Transactions

The regulation of the cryptocurrency market is becoming an increasingly debated topic in the context of the transition to the digital economy and the health security procedures adopted by the authorities in this period dominated by the pandemic and economic crisis. In this context, we propose a prospective analysis of the effects of legislative regulation and the shift to the cryptocurrency market as a unit supporting digitization. The methods and procedures used in the analysis aim to obtain the staging of the interaction between the accounting system and the cryptocurrency trading processes. Thus, we will address the issue of the digital economy and the effects produced by it, and the result of this approach will be to identify viable solutions that will prevent certain effects on financial reporting and limit tax evasion or other money laundering techniques as a result of the widespread transition to this trading system. The results obtained will be useful to economic decision-makers and tax authorities concerned with these aspects of economic development.

scholarly journals Theoretical fundamentals of accounting and reporting information construction in the digital economy environment

2021 ◽  
Vol 8 (1) ◽  
pp. 14-19
Author(s):  
O. Skasko ◽  
Keyword(s):  
Financial Reporting ◽  
Positive Impact ◽  
Digital Economy ◽  
New Paradigm ◽  
Systematic Analysis ◽  
Economic Agents ◽  
Factors Influencing ◽  
Information Construction ◽  
Grouping Method ◽  
Document Flow

Modern theoretical and applied principles of digitalization and its impact on the information security of enterprises are revealed. The main digital trends that determine the directions of development of accounting and financial reporting. Peculiarities of the Ukrainian economic environment and possibilities of introduction of the means of informatization developed in the world theory are analyzed. The mechanisms of large-format automation of financial reporting processes and the use of document flow in the activities of Ukrainian enterprises are studied. The hypothesis of this study is the assumption of the positive impact of digital technologies in the reporting of socially significant Ukrainian enterprises. The study used general and specific research methods, namely: the method of systematic analysis of domestic and foreign experience in the digital economy to justify a systematic approach to the study of phenomena and processes of building a new paradigm of interaction of economic agents; dialectical method for studying the genesis of the digital economy as a defining trend of modern global socio-economic development; method of induction to determine the factors influencing the environment of digitization of accounting information; the grouping method provided systematization of factors influencing the development of digitization processes, etc. It is substantiated that digitalization as an environment for economic processes and operations will lead to changes in methodological tools of accounting and virtualization of accounting processes.

Development principles for preparing financial reporting in the context of digitalization

2020 ◽  
Vol 2 (2) ◽  
pp. 44-51
Author(s):  
Elena Dombrovskaya
Keyword(s):  
Conceptual Framework ◽  
Financial Reporting ◽  
Technology Development ◽  
System Development ◽  
Practical Importance ◽  
Digital Economy ◽  
Business Units ◽  
Information Technology Development ◽  
New Processing ◽  
The Impact

The information technology development and the digital economy have a significant impact on the business units’ information system. The impact has resulted in a significant increase in the amount of business data used. With increased information availability, development of new processing methods and algorithms, the approaches to financial reporting need to be adjusted and modified. All changes to the basic principles of financial reporting have been included in the new version of the Conceptual Framework for Financial Reporting. It will come into force on January 1, 2020 for all business units developing their reporting policies under IFRS. The paper overviews the amendments and innovations introduced by the new version of this document. The Conceptual Framework dialectics has been reviewed based on all document versions since 1989. We analyzed the impact of digital technology on the transformation of accounting methods and principles and on the preparation of financial statements. The paper is of practical importance and helps to assess various areas of system development of the IFRS methodology in the context of digital economy.

scholarly journals Formation of the Accounting and Analytical Support of the Financial Results of Organizations under the Digitalization Conditions

2021 ◽  
Vol 93 ◽  
pp. 03020
Author(s):  
Larisa Iurieva ◽  
Elena Sinianskaia ◽  
Olga Savostina ◽  
Oleg Bazhenov ◽  
Dina Bukharova
Keyword(s):  
Financial Reporting ◽  
High Speed ◽  
Management Accounting ◽  
Digital Economy ◽  
Economic Life ◽  
Management Decision ◽  
Financial Organization ◽  
Management Decision Making ◽  
Accounting Model ◽  
The Creation

For any organization, accounting and analytical activity is one of the main tools providing the grounds for the effective management decision-making regarding the financial results formation. Digitization of the accounting and analytical support of the management activities cannot be limited only to the creation of a digital copy of the workflow and the access to the high-speed Internet. This article outlines the issues of the modeling an accounting procedure in a combination with financial and management accounting methods – as one of the means of the conceptual reconstruction of the economic life facts and economic processes that allow forecasting the financial results. The development of the financial modeling is considered, which consists in the creation of a unified model of the organization accounting process under the digitalization conditions. A financial organization accounting model has been formed that makes for the more comprehensive realization of the digital economy requirements, improving the quality of the accounting information and financial result forming. A model was developed for the consolidation of information flows of management accounting in the digital economy for the purpose of generating financial results, which helps to increase the reliability and comparability of financial reporting data.

scholarly journals IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY

2020 ◽  
pp. 115-118
Author(s):  
O. A. Ageeva
Keyword(s):  
Financial Reporting ◽  
Web Sites ◽  
Financial Statements ◽  
Digital Economy ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Cloud Technologies ◽  
To Receive

The directions of improving the Russian chart of accounts in order to align it with the International Financial Reporting Standards' requirements and ensure its usability in the digital economy for reports online preparing at the official web-sites of companies, using the cloud technologies have been considered. The proposed method of preparing online reporting assumes that accounting entries will be posted on the lines of financial statements after each transaction occurs, which will enable the users to receive the information about changes in the financial statements immediately. Attention has been paid to the issues of financial statements elements estimates regulation directly by changing the accounting plan, but not by counter accounts. The necessity of abandoning the concept of “additional capital” that does not exist in international practice and an account of the same name in the Russian chart of accounts and replacing it with separate accounts to account for share premium and revaluation reserve has been substantiated.

scholarly journals Improving  the  Financial  Reporting of  Organizations  in the Digital Economy

2019 ◽  
Vol 6 (1) ◽  
pp. 50-61 ◽  
Author(s):  
T. Yu. Druzhilovskaya ◽  
E. S. Druzhilovskaya
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Digital Economy ◽  
Alternative Methods ◽  
Financial Reports ◽  
Additional Information ◽  
Digital Format ◽  
Operational Information ◽  
Output Information ◽  
The Impact

The article systematizes the impact of the digital economy development on the following aspects related to financial reporting: the operational information used; preparation and processing of input information for compiling reporting forms; interpretation of financial statements; presentation of output information; processing and use of information that financial statements include. The article analyzes the problem of the relationship between the development of the digital economy and ensuring the qualitative characteristics of financial statements, such as relevance, predictive value, confirming value, materiality, fair representation, completeness, neutrality, comparability, verifiability, timeliness, clarity and being error-free. The article proposed the authors’ vision of the development of approaches to the formation and presentation of financial statements under the influence of increasing digitalization of the economy. The article justifies the possibility of presenting financial reports in a modified digital format using the user menu. This menu allows the users to get additional information on the activities of the organization, the regulatory framework used; calculate the indicators using alternative methods, compute the ratios for economic analysis on the basis of these indicators, make a forecast for the organization’s prospects, interact on-line with those who compile reports.

Pengaruh Budaya Terhadap Akuntansi, Auditing Dan Praktik Akuntansi Internasional

2016 ◽  
Vol 3 (1) ◽  
pp. 78-95
Author(s):  
Priyastiwi Priyastiwi
Keyword(s):  
Cultural Values ◽  
Leadership Style ◽  
Financial Reporting ◽  
National Level ◽  
Deep Understanding ◽  
Cultural Dimensions ◽  
Financial Disclosure ◽  
Cross Cultural Differences ◽  
The Future ◽  
The Impact

The purpose of this article is to provide the basic model of Hofstede and Grays’ cultural values that relates the Hofstede’s cultural dimensions and Gray‘s accounting value. This article reviews some studies that prove the model and develop the research in the future. There are some evidences that link the Hofstede’s cultural values studies with the auditor’s judgment and decisions by developing a framework that categorizes the auditor’s judgments and decisions are most likely influenced by cross-cultural differences. The categories include risk assessment, risk decisions and ethical judgments. Understanding the impact of cultural factors on the practice of accounting and financial disclosure is important to achieve the harmonization of international accounting. Deep understanding about how the local values may affect the accounting practices and their impacts on the financial disclosure are important to ensure the international comparability of financial reporting. Gray’s framework (1988) expects how the culture may affect accounting practices at the national level. One area of the future studies will examine the impact of cultural dimensions to the values of accounting, auditing and decision making. Key word : Motivation, leadership style, job satisfaction, performance

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