scholarly journals Accounting integration issues of EU member states

Equilibrium ◽  
2015 ◽  
Vol 10 (2) ◽  
pp. 223 ◽  
Author(s):  
Aldona Kamela-Sowińska
Keyword(s):  
Legal Aspect ◽  
Financial Statements ◽  
Member States ◽  
Legal Norms ◽  
Eu Member States ◽  
Accounting Practice ◽  
Setting Process ◽  
Intended Beneficiary ◽  
Economic Reality ◽  
Political Intervention

The aim of this article is to discuss the dilemmas over the integration of accounting in EU member states. The dilemma could be divided into the following main groups. Dilemma of the user of financial statements. This dilemma consists in determining for whom the integration of accounting in EU is crucial, and who is the intended beneficiary of integration. Dilemma arising from the lack of theoretical framework for drafting directives and standards: the accounting paradigm assuming that accounting is strictly quantitative. Accounting is a social science, whereas the accounting practice has greater influence on social, rather than purely economic, reality. Dilemma over legal regulations and the legitimization of standard setters could be attributed to accounting regulations as legal norms. A classic example of this might be the transition from rule-based to principle-based IFRSs. The dilemma over the legitimization of standard setters has its roots in the legal aspect of accountancy. In order to solve it, it is necessary to answer the question: ‘who controls the processes of accounting integration?’ since the participants of this process often present divergent viewpoints, and sometimes even opposite priorities. Dilemma over the politicization of accountancy. The more globalized and complex the economic environment is, the more of political intervention there is expected to be in the standard setting process, affected by global geopolitical trends.

scholarly journals Reality and Accounting: The Case of Accounting Research with Interpretive Approaches

2021 ◽  
Vol 12 (2) ◽  
pp. 41-54
Author(s):  
Yudhanta Sambharakreshna
Keyword(s):  
Social Science ◽  
Standard Setting ◽  
Accounting Research ◽  
Accounting Practice ◽  
Socially Constructed ◽  
Interpretive Paradigm ◽  
Setting Process ◽  
Economic Reality

Economic reality plays an important role in accounting practice and standard setting process. The positivism paradigm view reality as independently existing, and interpretive paradigm view reality as socially constructed. It is argued in this paper that utilizing interpretive view in accounting research is better able to capture the economic reality that is socially constructed and much affected by our account. This is because accounting is a social science and is better understood by gaining the views of different parties involved, which is largely done by utilizing interpretive accounting research.

scholarly journals Systemy wskaźników dochodowości pracy w rolnictwie – propozycja metodyczna

2015 ◽  
pp. 17-26 ◽  
Author(s):  
Zbigniew Gołaś
Keyword(s):  
Agricultural Sector ◽  
Financial Statements ◽  
Economic Situation ◽  
Member States ◽  
Eu Member States ◽  
Profitability Ratios

The proposal of six systems of work profitability ratios in the agricultural sector is presented in the article. The decomposition of the work profitability ratio was based on the Economic Accounts for Agriculture (EAA), i.e. applicable in EU member states harmonized financial statements that allow for conducting an analysis of the economic situation in agriculture according to uniform rules.

scholarly journals Towards an Integration of The Legal Norms of the WTO and the EU

2021 ◽  
pp. 95-117
Author(s):  
Małgorzata Wróblewska
Keyword(s):  
Legal Regulations ◽  
Basic Principles ◽  
Member States ◽  
Legal Norms ◽  
Human Rights Protection ◽  
Eu Member States ◽  
Rights Protection ◽  
The Relationship ◽  
Different Levels ◽  
The Eu

The WTO, which is composed of 164 Member States at different levels of development, currently plays an increasingly important role as a legal regulator on the global level. Simultaneously, the EU (which currently consists of 27 Member States) has introduced law at the regional level. Although these two organizations do have similarities, they also differ significantly from each other and in practice function in isolation. The WTO is an entity /with its own legal norms, whose aim is to support trade liberalization. On the other hand, the EU is notable for guaranteeing peace, promoting shared values and generating wealth for all EU citizens by means of its own norms. As the EU and its Member States are a State Party of the WTO, the legal regulations of the WTO are included in EU sources of law and are binding for all EU Member States. Thus, the relationship between the WTO and the EU is closely related. This contribution deals with the theoretical comparison between the EU and the WTO in the context of axiology, basic principles and human rights protection aspects. I am of the opinion that it is not justified to look at these organizations in a completely separate way but to identify their common features. The main aim of the contribution is to confirm the hypothesis whether the process of integrating their legal regulations is possible. To consider this issue the Author has divided this paper into three parts: an introduction, a study of the WTO, a study of the EU and a conclusion. The following research methods have been used: legal comparison, analytical and descriptive.

scholarly journals LEGAL REGULATION OF EU COOPERATION WITH NORWAY IN THE FIELD OF NATURAL GAS SUPPLY

2019 ◽  
pp. 124-134
Author(s):  
S. Bilotsky
Keyword(s):  
Natural Gas ◽  
Legal Aspect ◽  
Legal Regulation ◽  
Primary Energy ◽  
European Economic Area ◽  
Member States ◽  
Eu Member States ◽  
Energy Law ◽  
The Eu ◽  
Energy Package

The article examines the international legal aspect of the EU's cooperation with Norway regarding the supply of natural gas. It was investigated that this cooperation is regulated by legal acts related to different legal order. These are: 1. Bilateral and multilateral international treaties concluded by the EU and the member states with Norway; 2. Agreements concluded by the EU with Norway; 3. Acts of EU law and joint bodies with the participation of the EU and Norway; 4. Norwegian legislation and EU member states; 5. Private gas contracts concluded between the legal entities of Norway and the EU member states. The key in this sense is the Norwegian legislation, the obligations of the parties under the Agreement on the European Economic Area (EEA) and the rules of secondary and primary law of the EU. As part of its commitment to the SES, Norway has adopted most of the EU primary energy law rules for energy in 1994, but Norway's renewal of legislation in line with the further liberalization of the European energy market is slow. So far, Norway has only included in its legislation the norms from the acts of the Second EU energy package (2003), but the latest trends in the EU energy law - from the Third Energy Package (2009) - have not yet been implemented.

Reality and Accounting: The Case for Interpretive Accounting Research

2014 ◽  
Vol 4 (1) ◽  
pp. 155 ◽  
Author(s):  
Bassam Mohammad Maali ◽  
Osama Omar Jaara
Keyword(s):  
Social Science ◽  
Standard Setting ◽  
Accounting Research ◽  
Accounting Practice ◽  
Socially Constructed ◽  
Interpretive Paradigm ◽  
Setting Process ◽  
The World ◽  
Economic Reality

Economic reality plays an  important role  in accounting practice and standard setting process. Different views exist  on the nature of economic reality and how to approach it; while advocates of the positivism paradigm view reality as independently existing, advocates of interpretive paradigm view reality as socially constructed. It is argued in this paper that utilizing interpretive view to the world in accounting research is better able to capture the economic reality that is socially constructed and much affected by our account of it. This is because accounting is a social science and is better understood by gaining the views of different parties involved, which is largely done by utilizing interpretive accounting research.

scholarly journals CORPORATE REPORTING: TRANSPOSITION OF THE PROVISIONS OF EU DIRECTIVE 2013/34

2021 ◽  
Vol 118 (5) ◽  
pp. 77-92
Author(s):  
KOROL Svitlana ◽  
FOMINA Olena ◽  
ZADNIPROVSKYI Oleksandr
Keyword(s):  
Financial Statements ◽  
Practical Implementation ◽  
Adaptation Period ◽  
Member States ◽  
Eu Countries ◽  
Eu Member States ◽  
Corporate Reporting ◽  
Eu Directive ◽  
Depth Study ◽  
The Eu

Background. Corporate reporting is one of the key tools of external communication. Bringing it in line with EU Directive 2013/34 is in line with Ukraine's European integration plan and the interests of Ukrainian business. The aim of the article is to study the approaches to transposing the provisions of EU Directive 2013/34 on the structure and content of corporate reporting in the EU Member States and in Ukraine to ensure its interna­tiona­lization. Materials and methods. The research was conducted using the methods of theoretical generalization, comparative analysis and synthesis, which allowed to assess the domestic practice and prospects of transposition of EU Directive 2013/34. Results. The provisions of EU Directive 2013/34 on the preparation and publication of annual financial statements are considered. The requirements are systematized and the powers of national regulators to determine the structure and content of financial statements by category of enterprises are analyzed. Approaches to the reform of accounting legislation in the EU member states and in Ukraine are studied. The differences between the measures taken and the prospects for transposition of EU Directive 2013/34 in our country have been identified. Conclusion. Unlike EU countries, the management report and the report on payments in favor of the state are new forms of reporting. The formation of the regulatory framework for the implementation of EU Directive 2013/34 in Ukraine is not completed yet, their preparation and practical implementation require a certain adaptation period to study foreign experience and create a favorable investment environment. Further in-depth study of the provisions of EU Directive 2013/34, in particular on the structure and content of financial statements of various categories of companies, will allow better understand domestic legislative innovations, reporting of business partners from EU countries and make reporting of Ukrainian companies more transparent and useful to increase their competitiveness and investment attractiveness.

scholarly journals Impact of Transposition of the Directive 2013/34/EU into the National Laws of EU Member States Emphatically V4

2017 ◽  
Vol 65 (2) ◽  
pp. 631-639
Author(s):  
Jana Gláserová ◽  
Milena Otavová ◽  
Anna Bušovová ◽  
Eliška Dřínovská
Keyword(s):  
European Union ◽  
Competitive Advantage ◽  
Financial Statements ◽  
European Parliament ◽  
The European Union ◽  
Consolidated Financial Statements ◽  
Member States ◽  
National Accounting ◽  
Eu Member States ◽  
The Eu

The European Union has published the Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings for reasons of increasing of the competitive advantage and productivity of small and medium‑sized enterprises. The EU Member States have to incorporate the rules of the Directive with their national law by 20 July 2015 at the latest during the year 2016. The intention of this paper is to determine and to evaluate the impacts of transposition of the Directive into the Czech Accounting Law and into the national accounting laws of EU Member States chosen. There is an identification of main differences of Czech Accounting Law and of amended Czech Accounting Law issued 1st of January 2016. There is an impact of implementation of the Directive 2013/34/EU on financial statements and at the same time on requirements of audit for individual categories of Czech accounting entities. In this paper, there is also an analysis of impact of the Directive 2013/34/EU on national accounting laws V4 States and on several further EU Member States. On the basis of comparison of differences recognized, there is an deduction of findings for companies falling into the same group.

scholarly journals PROBLEMS OF ADAPTATION OF UKRAINIAN LEGISLATION TO EU LEGISLATION

10.23856/2704 ◽  
2018 ◽  
Vol 27 (2) ◽  
pp. 37-43
Author(s):  
Vladyslav Yamkovyi ◽  
Oleh Stets
Keyword(s):  
Member States ◽  
National Legislation ◽  
Legal Norms ◽  
Eu Member States ◽  
Eu Legislation ◽  
The Eu ◽  
The Way

The article is concerned with the problems of adaptation of Ukrainian legislation to the legislation of the EU member states as well as the modern problems on the way of harmonization of the national legislation in order to bring it in line with European legal norms and standards

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