Commentary: A proposal for theoretical models of stakeholder perceptions of a new financial reporting system

2016 ◽  
Vol 40 (4) ◽  
pp. 316-318 ◽  
Author(s):  
Ian Thomson
2016 ◽  
Vol 40 (4) ◽  
pp. 300-315 ◽  
Author(s):  
Alexandra Fontes ◽  
Lúcia Lima Rodrigues ◽  
Russell Craig

Auditor ◽  
2021 ◽  
Vol 7 (1) ◽  
pp. 37-41
Author(s):  
N. Mislavskaya

The article, based on a retrospective analysis of theoretical approaches to the concept of capital, examines the legality of its reflection in the accounting (financial) reporting system. The dilemma of an organization's choice of an accounting policy for the revaluation of fixed assets or the mandatory use of it, discussed today in the professional community, justifies the democratic approach used in international financial reporting standards in the author's reading. Critical assessment refers to the methodology for reflecting the revaluation results on accounting sets and in the forms of accounting (financial) statements.


Author(s):  
Нalyna Umantsiv ◽  
Yevheniia Polovyk

Relevance of the research topic. At the present stage of transformational transformation of the economy, the issue with the use of the XBRL format in Ukraine, which is a prerequisite for successful interaction of enterprises in the global financial market and enhancing the competitiveness of domestic enterprises. Problem statement. The absence of the practice of applying taxonomy of financial statements in Ukraine, causes the relevance of this study. The developed countries of the world have already introduced this format, because it allows to make the reporting not only transparent and accessible to potential investors, but also convenient for analysis. Analysis of recent studies and publications. The process of functioning of the financial reporting system in the format XBRL is the newest, it was researched in works: Kuznetsova S. A., Borisenko A. A., Boyko R. V., Ostrovskaya O. A., Khatib E., Yassin M., Harber M., Marx B., De Jager P. and other. Highlighting unexplored parts of a common problem. Particular attention is needed to develop solutions that will minimize potential problems associated with the implementation and use of the XBRL format in Ukraine. Setting of the task, objectives of the research. Analyzing the implementation of XBRL format in Ukraine. Identifying prospects for using and setting the potential issues in the preparation of new financial statements using global experience. Research method or methodology. Dialectical methods of scientific cognition, collection and analysis of information and inductive method were used in the course of the research. Basic material presentation (results of work). The article defines the essence of the XBRL format, analyzes the stages of its implementation in Ukraine. Prospects and typical errors in the preparation of financial statements using the format have been identified. Measures have been developed to minimize the likelihood of occurrence and to overcome problems associated with its application, taking into account world experience. Areas of application of the results. The results of this study may be applied in the preparation of financial statements in accordance with the specified format. Conclusions to the article. All of the benefits of implementing XBRL far outweigh the impact of its application Its use in Ukraine shall allow reporting entities to properly prepare financial statements, adjust the requirement for duplicating financial statements while presenting to regulators, and help woo investors through formation of the qualitative financial statements.


2007 ◽  
Vol 5 (3) ◽  
pp. 437-465 ◽  
Author(s):  
Philipp B. Volmer ◽  
Jörg Richard Werner ◽  
Jochen Zimmermann

Author(s):  
Santanu Kumar Das

Corporate financial reporting plays an important role in growing phenomenon of Privatization. The present study is based on the reports of Private Enterprises for three years. Findings revealed that the companies were presenting their annual reports. A privately owned enterprise refers to a commercial enterprise that is owned by private investors, shareholders or owners. The recent trend in financial reporting includes presentation and discloser of accounting aspect, corporate governance, corporate social responsibility and narrative reporting. The present paper will examine the cash flow statements of Maharastra Scooters Ltd., Tata Chemicals Ltd. and TVS Srichakra. In corporate financial reporting cash flow statement tells us the net cash flow activities, particularly its operating, investing and financial activities. These indications are helpful to analyze cash flow. This explains the sources and applications of liquidity of company. Keeping the importance of financial reporting in modern world the present paper attempts to analyzed and evaluate the financial reporting system in some selected units of private enterprises in India.


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