APPLICATION OF THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) IN THE PUBLIC SECTOR OF RUSSIAN ECONOMY

The purpose of the article is to establish ways to implement the tasks of public sector entities in ensuring responsibility and accountability of state-owned enterprises, taking into account market conditions and the transition to international financial reporting standards (IFRS) in the context of determining the place and role of accounting information. The research methodology is based on the application of dialectical and systematic approaches to scientific knowledge and general theoretical understanding of the problems of functional and accounting-analytical support for the management of state-owned enterprises in the application of IFRS. The results of the analysis of modern tendencies of the organization and functioning of the state-owned enterprises are covered. The importance of public sector entities in the global dimension, as well as the features of the organization, challenges and tasks of state-owned enterprises in market conditions are shown. It is determined that the main tasks to be performed by state-owned enterprises are : provision of certain state services and specific goods, support of the national economy and strategic interests, doing business in a natural monopoly, as well as support of social goals of the state. The specificity of the tasks of state-owned enterprises and their important place in the state economy through the role of a special agent of the government for the implementation of state policy in a particular area is substantiated. A new look at these processes involves increasing the transparency and accountability of businesses, which is closely linked to improving the quality of accounting data on the activities of state-owned enterprises. Based on the results of the study, the algorithm of decisions on determining, assessing and reviewing the value of a state-owned enterprise based on the expression of its social, economic, environmental and tax impacts has been improved. There is a problem of harmonization of methodological support for the preparation of aggregate reports of the general government sector (GGS), which arises due to the existing differences between different sets of standards for financial reporting of GGS sector entities (International Financial Reporting Standards (IFRS) - for public corporations and National provisions (standards) of accounting in the public sector (NP(S)APS) - for all other entities of the GGS sector).

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TAX RISKS IN THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

Вестник ГГНТУ. Гуманитарные и социально-экономические науки ◽

10.34708/gstou.2019.15.1.015 ◽

2019 ◽

Author(s):

А.Х. Цакаев ◽

А.Р. Батукаева

Keyword(s):

Financial Reporting ◽

Oil And Gas ◽

Financial Statements ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Consolidated Financial Statements ◽

Financial Reporting Standards ◽

Russian Economy ◽

Oil And Gas Companies ◽

Oil And Gas Sector

Представлены результаты оценки налогового риска ПАО НК Роснефть , ПАО Газпром и ПАО ЛУКОЙЛ согласно общедоступным критериям самостоятельной оценки рисков для налогоплательщиков Концепции планирования выездных налоговых проверок, исходя из данных консолидированной финансовой отчетности, подготовленной в соответствии с международными стандартами финансовой отчетности, позволившие сделать вывод о предложении по преобразованию данной Концепции под международные стандарты финансовой отчетности. Сформулированы предложения по обеспечению снижения уровня налоговых рисков в деятельности российских нефтегазовых компаний Results of assessment of tax risk of PJSC Rosneft, PJSC Gazprom and PJSC Lukoil according to public criteria of independent risk assessment for taxpayers of the Concept of planning of exit tax audits, proceeding from data of the consolidated financial statements prepared according to International Financial Reporting Standards, allowed to draw a conclusion on the offer on transformation of this Concept under International Financial Reporting Standards are presented. Offers on ensuring decrease in level of tax risks in activity of the Russian oil and gas companies are formulated.

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DO LITHUANIAN HIGHER EDUCATION ACCOUNTING PROGRAMS REFLECT ACCOUNTING HARMONIZATION IN THE EU?

CBU International Conference Proceedings ◽

10.12955/cbup.v2.453 ◽

2014 ◽

Vol 2 ◽

pp. 113-118

Author(s):

Dalia Kaupelyte ◽

Renata Legenzova

Keyword(s):

Higher Education ◽

Labor Market ◽

Public Sector ◽

Financial Reporting ◽

Accounting Standards ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Financial Reporting Standards ◽

Public Sector Accounting ◽

The Eu

Financial accounting is undergoing major changes in the EU and worldwide. Great efforts are placed on adoption of high quality accounting standards for listed companies, public sector organizations as well as small and medium business entities. Being a member of the EU Lithuania is in compliance with the EU incentives in de jure accounting harmonization; however de facto situation in Lithuania is not adequately assessed. One of accounting harmonization related questions is whether Lithuanian higher education provides labor market with market-needs oriented accounting professionals.The objective of this article is to assess if Lithuanian higher education programs in accounting field is in compliance with EU accounting harmonization outcomes. We analyze if graduates of Accounting programs from Lithuanian Higher Education Institutions are trained to work with different sets of accounting standards—International Financial Reporting Standards (IFRS) and Public Sector Accounting Standards that were adopted in Lithuania as a part of accounting harmonization incentives. To conduct an assessment of research methods by case analysis, comparative analysis has been deployed. We assessed programs goals, learning outcomes and course curriculum of Professional Bachelor, Bachelor and Master level programs in Lithuanian universities and colleges.Results of the research revealed that de jure accounting harmonization is reflected in Lithuanian higher education Accounting programs. Accounting for listed companies (required to use International Financial Reporting Standards) is given little importance in Lithuanian Accounting programs. According to the analysis of the learning outcomes, graduates of the Accounting programs in Lithuania have a broad profile, but would not be able to work independently with International Financial Reporting Standards. On the other hand, even if regulation of public sector accounting was enforced later, it is included in number of analyzed programs. A number of Professional Bachelor’s programs even offer specialization in this area. Results of the research allow us to conclude that colleges have their niche in preparing accounting specialist for local labor market and their positioning is relatively strong, concerning public sector accounting. Meanwhile first and second level universities’ programs could be strengthened toward international accounting to provide labor market with professionals in this area.

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Financial reporting standards for the public sector: New Zealand's 21st-century experience

Public Money & Management ◽

10.1080/09540962.2016.1133979 ◽

2016 ◽

Vol 36 (3) ◽

pp. 209-218 ◽

Cited By ~ 12

Author(s):

Carolyn J. Cordery ◽

Kevin Simpkins

Keyword(s):

Public Sector ◽

Financial Reporting ◽

21St Century ◽

Reporting Standards ◽

The Public ◽

Financial Reporting Standards

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Conference Reports

Acta Oeconomica ◽

10.1556/aoecon.56.2006.2.5 ◽

2006 ◽

Vol 56 (2) ◽

pp. 209-218

Author(s):

Zita Bedőházi ◽

Máté Török

Keyword(s):

Financial Reporting ◽

Public Transport ◽

Business School ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

World Congress ◽

The Public ◽

Financial Reporting Standards ◽

The Future

(1) Conference on International Financial Reporting Standards. The conference held on 29-30 July 2005 at the London Business School, Reviewed by Zita Bedõházi. (2) What should the public transport of the future be like? 56th UITP World Congress. Reviewed by Máté Török.

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Pengaruh Konvergensi International Financial Reporting Standards (Ifrs) Terhadap Penghindaran Pajak(Tax Avoidance)

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v26i2.276 ◽

2018 ◽

Vol 26 (2) ◽

pp. 158-169

Author(s):

Umi Wahidah ◽

Sri Ayem

Keyword(s):

Financial Reporting ◽

Tax Evasion ◽

Stock Exchange ◽

Control Variable ◽

Tax Avoidance ◽

Sampling Technique ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Control Variables ◽

Financial Reporting Standards

This research aimed to examine the effect of the convergence of International Financial Reporting Standards (IFRS) on tax avoidance on companies listed in Indonesia Stock Exchange. Tax avoidance that used in this research was Cash Efective Tax Rate (CETR). This research is also use the control variable to get other different influence that different such as CSR, size, and earning management (EM. This research used populations sector of transport service companies that listed in Indonesia Stock Exchange. The data of this research taken from secondary data that was from the Indonesia Stock Exchange in the form of Indonesian Capital Market Directory (ICMD) and the annual report of the company 2011-2015. The method of collecting sample was purposive sampling technique, the population that to be sampling in this research was populations that has the criteria of a particular sample. Companies that has the criteria of the research sample as many as 78 companies. The method of analysis used in this research is multiple regression analysis. Based on regression testing shows that the convergence of International Financial Reporting Standards (IFRS) has a positiveand significant impact on tax evasion. This shows that IFRS convergence actually improves tax evasion practices. The control variables of firm size and earnings management also significantly influence the application of IFRS in improving tax avoidance practices, while CSR control variables have no role in convergence IFRS in improving tax evasion practice.

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