Federal Accounting Standard (FSBU) 5/2019 – Inventories: An investigation of commodity operations during forensic auditing

2021 ◽  
Vol 22 (12) ◽  
pp. 1368-1385
Author(s):  
Svetlana V. KOZMENKOVA ◽  
Ekaterina V. TYUN’KOVA
Keyword(s):  
Fair Value ◽  
Theory And Practice ◽  
Accounting Standard ◽  
Accounting Practice ◽  
Forensic Accounting ◽  
Forensic Expert ◽  
Accounting Expertise ◽  
Definition Of ◽  
The Impact ◽  
Economic Crimes

Subject. This article focuses on accounting expertise that holds a unique position in the system of effective economic crimes and infringement prevention. Objectives. The article aims to identify the impact of the new Federal Accounting Standard (FSBU) 5/2019 – Inventories on the procedure for conducting a forensic accounting examination of commodity transactions in trade. Methods. For the study, we used a comparative analysis, systematization, induction and deduction. Results. Based on the research results, the article proposes a definition of the subject of forensic accounting examination of commodity transactions, and it reveals that the introduction of FSBU 5/2019 – Inventories into accounting practice contributed to the emergence of such examination objects as the fair value of goods and their impairment. The article also proposes to use in the activities of a forensic expert accountant the author-developed algorithms for conducting expert examinations. Conclusions and Relevance. The implementation of FSBU 5/2019 introduces new objects of forensic accounting examination of commodity transactions in trade, so the proposed algorithms for expert examination will contribute to optimizing the activities of the forensic expert accountant. The results of the study can be applied both in the theory and practice of forensic economic expertise.

scholarly journals FORENSIC ACCOUNTING EXPERTISE OF PAYMENT WITH PERSONNEL: PROBLEMS AND IMPROVEMENT

2022 ◽  
Vol 16 (4) ◽  
pp. 140-147
Author(s):  
Vasiliy Yumatov ◽  
Vladimir Timchenko ◽  
Svetlana Kozmenkova ◽  
Guzaliya Klychova
Keyword(s):  
Production Costs ◽  
Standard Methods ◽  
Forensic Accounting ◽  
The Subject ◽  
Forensic Expert ◽  
Accounting Expertise ◽  
Definition Of ◽  
Further Development ◽  
Theoretical Foundations ◽  
Incentive Payments

In modern conditions, forensic examination is of particular importance, which determines its further development as a scientific branch of knowledge and type of activity. Forensic accounting examination of labor and its payment includes determining the correctness of the calculation of wages to employees, planning the wage fund, the correctness of the application of forms of remuneration, calculation of wages (including incentive payments and additional wages, payment for holidays, weekends, downtime), the correctness of attributing to the composition of production costs (work performed, services rendered), payment or non-payment of wages. Forensic accounting expertise of payroll settlements with employees is one of the most demanded subtypes of expertise. However, problems remain in her methodology that need to be resolved. The aim of the study is to develop the theoretical foundations of forensic accounting expertise of payments to personnel. Due to the lack of standard methods, we propose the definition of the subject, object and tasks of forensic accounting expertise of settlements with employees on wages, the types of work of such an examination stage as research, as well as an algorithm for conducting expert research to identify cases of non-payment of wages to employees of the organization. These proposals will optimize the activities of the forensic expert-economist, contribute to the development of methods and organization of forensic accounting expertise, the correctness of calculations with employees on wages and their timely payment

Defining the undefinable: an analysis of definitions of community archives

2019 ◽  
Vol 68 (8/9) ◽  
pp. 617-634
Author(s):  
Sarah Welland ◽  
Amanda Cossham
Keyword(s):  
Design Methodology ◽  
Theory And Practice ◽  
Archival Theory ◽  
Content Type ◽  
Community Archives ◽  
Area Of Interest ◽  
Key Issues ◽  
Definition Of ◽  
Community Archive ◽  
The Impact

Purpose This paper aims to explore definitions and notions of what a community archive is, and the tensions between different understandings of community archives. Design/methodology/approach The paper is a critical analysis of community archives definitions and understanding from researchers and practitioners across the wider heritage information sector. Findings Community archives are a growing area of interest for researchers because of the archives’ intrinsic link to the community and their provision of the evidence of it. While discussion often focuses on a paradigm of transformative purpose, existing definitions around community archives continue to be tenuous, reflecting different real or perceived types and practices and the perspective of the author and the sector they work within. Variations in definition can also occur because of differences in perspective around theory and practice, with many practitioner-based definitions intrinsically bound with the community they represent. This can result in community archives being defined as “alternative” based on mainstream practice or “political” based on theoretical purview, or “meeting the needs of community” by the community archivists themselves. Research limitations/implications The paper is conceptual and does not attempt to provide one definition that covers the perceived extent of community archives. It is part of work in progress on the nature of community archives and the impact such discourse may have on archival theory and practice. Originality/value This paper provides an overview of some of the key issues and themes impacting a definition of community archives, and in doing so works towards a broader understanding the nature of community archives. In most cases, the concept of “community” seems to provide a common definitive element and practitioner definitions focus on addressing the needs of self-defined community to a greater or lesser extent.

The Impact of IFRS 2 "Share-Based Payment" on Malaysian Companies

2010 ◽  
Vol 13 (03) ◽  
pp. 449-468 ◽  
Author(s):  
Ruhaya Atan ◽  
Nur Syuhada Jasni ◽  
Yousef Shahwan
Keyword(s):  
Stock Options ◽  
Negative Relationship ◽  
Fair Value ◽  
Employee Stock Options ◽  
Accounting Standard ◽  
Corporate Scandals ◽  
Black Scholes ◽  
Compensation Plan ◽  
The Impact ◽  
International Accounting Standard

In the wake of corporate scandals and excessive stock options compensation, International Accounting Standard Board (IASB) has introduced a new accounting standard, IIFRS 2 Share-based Payments. The scope of the standard extends beyond payments to employees, but for the purpose of this study, the focus is only on 'employee stock options'. IIFRS 2 requires a fair value of stock options records calculated on grant date, and recognized as compensation expenses over vesting periods. Prior to the introduction of IIFRS 2, stock options were not recognized and were only disclosed in the notes to the accounts. In Malaysia, the standard is mandatory for all companies listed on or after January 1, 2006. This study assumes the requirement existed in 2003. This study examines the impact of stock options expenses from 2003 to 2005, on the top 100 Malaysian companies. The three year observations show at least 24% of the sample exceeds the 5% materiality threshold on diluted EPS. The sectors that are impacted the most are the Trade/Service and Finance sectors. From the multiple-regression test, this study finds that fair value of stock options have a negative relationship with dividend yields (input of the Black-Scholes Merton (BSM) Model). Most companies in the sample are found to pay dividends and grant stock options at the same time. Therefore, this study suggests that companies need to restructure their compensation plan thus balancing the stock options granted and dividends paid in the future.

Federal Accounting Standard 5/2019 – Inventories: An analysis of conceptual changes

2020 ◽  
Vol 23 (8) ◽  
pp. 844-863
Author(s):  
M.A. Gorodilov
Keyword(s):  
Law Enforcement ◽  
Conceptual Framework ◽  
Theory And Practice ◽  
Accounting Standard ◽  
Internal Standards ◽  
Accounting Practice ◽  
Initial Cost ◽  
Conceptual Changes ◽  
Business Entities ◽  
The One

Subject. This article investigates the conceptual developments in the Russian theory and practice of accounting for inventories due to the adoption of the new standard. Objectives. The article identifies and substantiates critical changes in the conceptual framework, classifications, law enforcement practice during the integration of Federal Accounting Standard 5/2019 – Inventories into the accounting theory and practice of the Russian companies. Methods. The study is based on a comparative analysis. Results. The new standard was found to not only supersede the one approved in 2001, demonstrate a greater compliance with the identical standard. However, it does have some distinctions, which are very specific by nature. The new standard enriches the conceptual framework, adds new items of expenditures, both current and future, which can be attributed to the initial cost of inventories due to the profitable nature of inventories as assets. I point out eight different changes that seem conceptual and constituting the novelty of the study. Conclusions and Relevance. The application of Federal Accounting Standard 5/2019 – Inventories will induce the revision of corporate accounting policies, setting up new internal standards of business entities. What does make them beneficial is the convergence of the national accounting practice and IFRS.

Management expenses in the context of Federal Accounting Standard (FSBU) 5/2019 – Inventories

2021 ◽  
Vol 22 (4) ◽  
pp. 392-406
Author(s):  
Tat'yana Yu. SEREBRYAKOVA
Keyword(s):  
Systems Approach ◽  
Cost Effective ◽  
Accounting Standard ◽  
Administrative Costs ◽  
Top Managers ◽  
Study Results ◽  
Logical Notion ◽  
Definition Of ◽  
The Impact ◽  
Methodological Guidelines

Subject. This article deals with the issues of accounting and write-offs of management costs and disclosure in reporting, their role for top managers, as well as improving the delineation and qualification of the types of costs to be accounted for as managerial, and the impact of the proposed approaches on reporting performance. Objectives. The article aims to justify the need for a clearer definition of management costs and a more logical, cost-effective division of costs into production and management ones. Methods. For the study, I used the systems approach, logical generalization and abstraction. Results. The study shows that not all expenses that organizations account for as the management ones are actual. Many of the costs relate to production activities. Since the methodological guidelines for accounting for material and operational costs have been abolished in connection with the adoption of FSBU 5 – Inventories, they may not be applied any more. Conclusions and Relevance. The subject terminology and a clear concept of management costs need to be defined. IFRS 2 – Inventories gives a more logical notion of management costs in combination with administrative costs. This makes it possible to adapt the accounting according to the Russian standards to the running accounting practice with a minimum recalculation. The presented study results are intended to develop theoretical views on the formation of the actual cost of finished products, the full cost of implementation and interpretation of these indicators for management. The results can be used for scientific and practical activities related to financial and management accounting research.

scholarly journals DEFINITION OF FAIR VALUE AND PROSPECTS OF ITS APPLICATION FOR ASSETS AND LIABILITY VALUATION IN RUSSIAN ACCOUNTING PRACTICE

2021 ◽  
Vol 81 (2) ◽  
pp. 24-32
Author(s):  
T.M. Mezentseva ◽  
◽  
A.M. Dauzova ◽  
B.U. Kerimbekova ◽  
A.A. Mezentsev ◽  
...  
Keyword(s):  
Fair Value ◽  
The State ◽  
Accounting System ◽  
Market Information ◽  
Market Conditions ◽  
Market Participants ◽  
Accounting Practice ◽  
Definition Of

The article discusses a method for assessing the assets of an organization at fair value. The concept of fair value is given. The prospects of its application for the valuation of assets and liabilities in Russian accounting practice are examined. The author proves the necessi-ty of taking a number of measures on the part of the state and firms to approve the fair value standard in the Russian accounting system. For some assets and liabilities, observable market transactions or market information may exist. For other assets and liabilities, observable market transactions or market information may not be available. However, the objective of measuring fair value in both cases is the same - to determine the price at which an orderly transaction would take place to sell an asset or transfer a liability between market participants at the measurement date under current market conditions.

scholarly journals Methodological Principles of the Accounting for Intangible Assets from the View of National and International Standards

2018 ◽  
Vol 83 (4) ◽  
pp. 111-120
Author(s):  
I. M. Dmitrenko ◽  
R. O. Kostyrko ◽  
V. P. Bondar
Keyword(s):  
Comparative Analysis ◽  
Intangible Assets ◽  
Fair Value ◽  
International Standards ◽  
Intangible Asset ◽  
Principles Of Accounting ◽  
Methodological Principles ◽  
Definition Of ◽  
The Impact ◽  
To Receive

The article defines the basic accounting items that determine the impact on the complex of methodological principles of accounting and reporting generalization of information about intangible assets. The complex of basic accounting positions for intangible assets is proposed in the following composition: definition of the object of accounting; method of identification; response to goodwill; how to receive and how to pay; the criteria for recognizing the asset is intrinsic; method of initial assessment; revaluation model; response to impairment; conditions for the choice and application of methods of accrual of depreciation; directions of disclosure. The key methodological principles of accounting for intangible assets are systematized on the basis of a comparative analysis of the provisions of national and international standards. As a result of the comparative analysis, both conceptually similar principles and those that are characterized by significant differences are established. In particular, this applies to: the ways of obtaining and payment of the intangible assets, for which the IAS does not provide for the free receipt and payment of an intangible asset to the authorized capital of the enterprise, which emphasizes the nature of such assets in view of the obligation to receive future economic benefits; the definition of the value of internally generated goodwill is precisely in IAS, which contributes to a reasonable separation from the value of its own intangible assets in the event of the merger of enterprises; the initial valuation of the intangible assets, for which IAS prioritizes the valuation at cost rather than fair value, as defined by National Accounting Standards, due to the dependence of the usually unpopular phenomenon - the existence of an active market for such assets; the variability of the choice of depreciation methods for the intangible assets, for which IAS offers more opportunities to take into account the specifics of the use of these objects during the formation of depreciation costs; directions of disclosure of  the intangible assets information in the notes to the financial statements, which are clearly defined in the IAS. Comments on the conditions for the implementation of the requirements of national and international standards for the accounting of intangible assets at the level of economic entities from the point of view of the established differences and their consequences are given. It is proved that a much higher level of transparency of information about intangible assets is provided in the case of accounting and financial reporting by entities in accordance with the requirements of IAS and IFRS.

scholarly journals THE IMPLEMENTATION OF FAIR VALUE ON SHORT TERM ASSESMENT OF BIOLOGICAL ASSETS

2016 ◽  
Vol 1 (1) ◽  
pp. 40
Author(s):  
Murtianingsih Murtianingsih ◽  
Anas Hari Setiawan
Keyword(s):  
Market Value ◽  
Fair Value ◽  
Short Term ◽  
Managerial Decision ◽  
Accounting Standard ◽  
Historical Cost ◽  
The Difference ◽  
Value Measurement ◽  
The Impact ◽  
International Accounting Standard

<p>This study aims to identify and analyze the implementation of fair value and the impact of the use of bases the recognition, measurement, and disclosure of the biological assets with the object of research PT. Malindo Feedmill Tbk which further research is also useful for agriculture companies in managerial decision making. This research is descriptive quantitative concluded based on data and clarify the picture of the implementation of fair value is based on International Accounting Standard (IAS) 41 and perform comparative measurements of biological assets PT. Malindo Feedmill, Tbk based acquisition price. From the results of this study concluded that the difference in the material due to fair value measurement that refers to IAS 41 in determining the market value following the fluctuations of the market, but in IAS 41 does not distinguish between fair value treatment against several categories of biological assets. This is certainly less relevant when applied to some types of biological assets, such as short term biological assets at PT. Malindo Feedmill Tbk.</p><p><strong>Keywords: </strong>biological assets, fair value, historical cost, ias 41<strong></strong></p>

scholarly journals EXPERT-CRIMINAL PROVIDING PROCESS OF INVESTIGATION OF STORES INVOLVED IN USE OF BANK PAYMENT CARD

2019 ◽  
pp. 249-259
Author(s):  
I. Voytenko
Keyword(s):  
Financial Statements ◽  
Technical Expertise ◽  
Payment Card ◽  
Electronic Signature ◽  
Forensic Accounting ◽  
Forensic Examination ◽  
Primary Documents ◽  
Payment Cards ◽  
Forensic Expert ◽  
Accounting Expertise

The concept, legal support, significance and procedure of forensic examination in the investigation of fraud committed with the use of bank payment cards are analyzed. The value of the technical and forensic expert research of bank payment cards is determined. The knowledge of objects of forensic examination of bank payment cards is noted. The article notes the importance of the examination of electronic signature in these cases. The order of appointment of forensic accounting examinations in the investigation of fraud committed with the use of bank payment cards is analyzed. The objects of expertise here are the primary documents and financial statements. The importance of the expert’s conclusion as a source of evidence in the investigation of fraudulent use of bank payment cards is analyzed. Key words: fraud, bank payment cards, document, forensic accounting expertise, software and technical expertise.

scholarly journals Accounting Practitioners Reflect On Faculty Impact: Bridging The Gap Between Theory And Practice

2014 ◽  
Vol 7 (2) ◽  
pp. 109-114
Author(s):  
Ryan Johnson
Keyword(s):  
Faculty Members ◽  
Theory And Practice ◽  
Accounting Education ◽  
Entry Point ◽  
Accounting Practice ◽  
Accounting Professionals ◽  
Accounting Practitioners ◽  
Academic Faculty ◽  
Perception Gap ◽  
The Impact

A gap exists between the perception of accounting education in the classroom and accounting as it is practiced. This study explores qualitatively the perceptions and experiences of mid-career accounting professionals with respect to the impact of academic faculty on their careers in accounting. The study identifies a perception gap in the experiences of accounting practitioners and explores the reasons for and significance of this gap. The study also explores the ways in which faculty members can positively impact practitioners, such as providing a smooth entry point into the profession, as well as provides a roadmap for greater articulation between the accounting education and accounting practice.

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