Analyzing International Non-Financial Reporting Standards: Principal trends and applicability in aviation

Subject. The article focuses on the current trends in the development of non-financial reporting in the Russian Federation and worldwide. Objectives. We analyze international non-financial reporting standards on sustainable development, and provide our recommendations on the improvement of integrated reporting of the company operating in the Russian aviation industry – Aeroflot Russian Airlines. Methods. The study draws upon general methods, such as the analysis, synthesis, analogy, deduction and induction. Results. Having examined development trends in non-financial reporting and reporting standards, sustainable development reports of foreign aviation leaders, and drawbacks, we suggested how the integrated report of Aeroflot should be improved. Conclusions. In the current circumstances, businesses try to disclose predominantly positive aspects of their sustainable development activities in order to create the positive publicity. As the analysis of the Russian aviation giant’s reports show, the company provides incomplete information and misses the external approval procedure. Sourced from the analyzable standards and foreign companies’ practices, the proposed indicators will help make reporting more unbiased.

Download Full-text

Composition and characteristics of the financial statements elements in accordance with IFRS

Buhuchet v zdravoohranenii (Accounting in Healthcare) ◽

10.33920/med-17-2005-04 ◽

2020 ◽

pp. 36-42

Author(s):

Mohammad Tariq Jassim

Keyword(s):

Financial Reporting ◽

Financial Statements ◽

International Financial Reporting Standards ◽

International Accounting ◽

Reporting Standards ◽

Financial Reporting Standards ◽

Current Trends ◽

Similarities And Differences ◽

Qualitative Characteristics

In a market economy, the role of International Financial Reporting Standards is increasing. In order to understand their significance in modern conditions it seems necessary to consider the peculiarities of evolution of IFRS formation. The article reflects actual issues concerning the role and significance of International Accounting and Reporting Standards in modern conditions. The author has defined the necessity of applying International Accounting and Reporting Standards by Russian companies. The article highlights the main elements and users of financial statements prepared on the basis of IFRS, and analyzes the similarities and differences that exist in the formation of financial statements, based on the requirements of IFRS and RAS. The main qualitative characteristics of financial statements are considered in detail. Based on the results of the research, the author has identified current trends in the transition to international financial reporting standards.

Download Full-text

Environmental category of reporting on sustainable development of the corporation

International Accounting ◽

10.24891/ia.24.10.1103 ◽

2021 ◽

Vol 22 (10) ◽

pp. 1103-1122

Author(s):

Natal'ya G. SAPOZHNIKOVA ◽

Mariya V. TKACHEVA

Keyword(s):

Sustainable Development ◽

Financial Reporting ◽

Russian Federation ◽

Reporting Standards ◽

Environmental Initiatives ◽

Corporate Reporting ◽

Economic Decisions ◽

Logical Method ◽

The Russian Federation ◽

Protection Costs

Subject. This article discusses the issues of reporting on sustainable development in the Russian Federation, which is a State task approved by the Concept for the Development of Public Non-Financial Reporting. Objectives. The article aims to investigate the issues of systematization and disclosure of information on aspects of the environmental category of sustainable development reporting and explain the rationale to develop corporate standards that ensure the formation of internal and public non-financial reporting. Methods. For the study, we used analysis, synthesis, generalization, comparison, and the logical method. Results. The article substantiates the need to develop corporate reporting standards that systematize information on aspects of the environmental category and presents a typology of environmental protection costs that form indicators that allow assessing the effectiveness of environmental initiatives. Conclusions. The proposals formulated can contribute to the task of generating reliable information on the environmental category of sustainable development reporting enabling users to make informed economic decisions.

Download Full-text

Financial statement analysis

10.12737/textbook_5cfa59205f9890.46595973 ◽

2019 ◽

Author(s):

Мария Вахрушина ◽

Mariya Vakhrushina ◽

Ольга Антонова ◽

Ol'ga Antonova ◽

Марина Друцкая ◽

...

Keyword(s):

Financial Reporting ◽

Public Information ◽

Accounting Standards ◽

Financial Statements ◽

Legal Framework ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Integrated Reporting ◽

Financial Reporting Standards ◽

The Impact

The textbook presents the basic theoretical, methodological and practical provisions of the discipline "Analysis of financial statements" in accordance with the state educational standard of higher education for the preparation of students in the direction of "Accounting, analysis and audit". The issues of analysis and evaluation of the financial situation and performance of the organization using practical data of individual and consolidated financial statements, statistical and tax reporting. The algorithms and practical calculations of analytical indicators are based on the principle of "through example". The textbook takes into account changes in the legal framework - the development of Federal accounting standards (FSBU). Federal law No. 160-FZ of 18 July 2017 clarifies the status of accounting regulations (PBU). PBU approved by the Ministry of Finance of Russia in the period from October 1, 1998 to January 1, 2013 are recognized as Federal accounting standards. At the same time a number of PBU changes. The textbook reflects the impact of legislative changes on the preparation and analysis of financial statements. The influence of international approaches to the disclosure of public information on the Russian practice of its presentation continues to grow. The textbook describes the changes in International financial reporting standards, taking into account their impact on the presentation and analysis of financial statements. The influence of international approaches to the disclosure of public information on the Russian practice of its presentation continues to grow. The textbook describes the changes in International financial reporting standards, taking into account their impact on the presentation and analysis of financial statements. Taking into account the strengthening of the position of integrated reporting in ensuring sustainable development of economic entities radically revised section of the textbook on the practice of its analysis. For students, postgraduates, teachers of economic specialties, students of the system of training and advanced training of accountants, auditors, specialists of financial and economic services.

Download Full-text

Modern Status of Accounting Reporting and Possibility of Its Acceptance Based on Managerial Decisions

The Journal of Social Sciences Research ◽

10.32861/jssr.spi5.200.204 ◽

2018 ◽

pp. 200-204

Keyword(s):

Financial Reporting ◽

Russian Federation ◽

Balance Sheet ◽

Reporting Standards ◽

Gradual Improvement ◽

Financial Reporting Standards ◽

Managerial Decisions ◽

The Russian Federation ◽

Ministry Of Finance ◽

Modern Status

The present state of accounting (financial) reporting is considered in this paper. The paper analyzes the balance sheet data for making managerial decisions. The measures for the reform of accounting stipulated by the Plan of the Ministry of Finance of Russia for 2017-2019 on development of accounting and reporting in the Russian Federation on the basis of IFRS are considered. It is concluded that Russia has chosen one of the most rational ways of applying international financial reporting standards - their adaptation, which involves the gradual improvement of Russian reporting rules.

Download Full-text

TRENDS IN THE DEVELOPMENT OF REPORTING BY BUSINESS AND PUBLIC ADMINISTRATION ENTITIES

Economy of Ukraine ◽

10.15407/economyukr.2021.01.054 ◽

2021 ◽

Vol 2021 (1) ◽

pp. 54-68

Author(s):

Galyna ISANSHYNA ◽

Keyword(s):

Sustainable Development ◽

Public Sector ◽

Financial Reporting ◽

Legal Framework ◽

Integrated Reporting ◽

Financial Reporting Standards ◽

High Urgency ◽

Annual Reporting ◽

Development Goals ◽

Business Entities

The high urgency of reporting by business and public sector entities in Ukraine and the EU is confirmed by the fact that out of 34 speakers at the IFRS Forum – 2020 “Through Transparency to Sustainable Development: New Realities of the Profession” almost one in four chose it as the topic of their report. With this in mind, the main problematic aspects of reporting of domestic business entities in various sectors of the economy are researched, its development against the background of globalization, composition of the internal public sector researched. The requirements for the composition of the administration report and the management report in the context of the current legal framework are systematized. In recent years, integrated reporting has been gaining momentum in Europe, which should combine the information of disparate reports in order to be able to compare it by different subjects and periods. The composition of voluntary annual reporting of legal entities in Europe is considered and an assessment of their impact on the achievement of sustainable development goals is provided. One of the clearest trends over the last four years has been the increasing use of the term«integrated report» and the statement that reports have been prepared in accordance with the IIRC Conceptual Framework. The issue of complication of international financial reporting standards is considered and the analysis of standardization of non-financial reporting is carried out. It is determined that the reform of accounting and reporting in budgetary institutions is impossible without the introduction of the budget reporting system at the level of united territorial communities, districts and regions in parallel with decentralization and widespread use of non-financial reporting.

Download Full-text

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.

Download Full-text