MAIN ASPECTS OF THE ORGANIZATION OF ACCOUNTING AND ANALYTICAL SUPPORT AND COST MANAGEMENT OF THE ENTERPRISE

Reporting Standards ◽

Support Organization ◽

The Right

One of the most important indicators of production and economic activity of enterprises, which has a direct impact on financial performance is costs. The article defines the economic meaning of the concept of "costs", "production costs". Features of accounting and analytical support, organization of accounting and cost management, cost classification are considered. Classification is one of the methods of cognition and study of phenomena, processes, objects, which consists in their division into classes on the basis of certain features, properties and patterns of relations between them. The classification of costs helps to assess the costs incurred, to find possible features to increase cost efficiency and make the right decisions about their management. Classification of costs is the basis of their accounting, analysis and planning in the enterprise. Cost management takes into account such components as rationing, planning, cost accounting, deviation control and cost analysis, cost management and decision making. The problem of cost management is quite relevant for Ukrainian enterprises. Today, all businesses face the problem of applying International Financial Reporting Standards. The peculiarities of cost reflection according to International Financial Reporting Standards and National Accounting Standards (standards) are studied and analyzed. Achieving a high or sufficient level of each of the production or management processes of financial activities of economic entities must be accompanied by certain costs, the economic content of which will vary depending on the object. However, the owners (managers) of the enterprise or its individual structural unit must be clearly aware of what exactly the costs contribute to the creation and maintenance of the organization and their timely optimization. The Conceptual Basis of Preparation and Submission of Financial Statements means true presentation, prevalence of substance over form, prudence, completeness. These requirements formed the basis for the formation of accounting principles in International Standards and, accordingly, in Ukraine.

Account and Assessment of Commodity Stocks According to Russian and International Standards

Auditor ◽

10.12737/11349 ◽

2015 ◽

Vol 1 (5) ◽

pp. 24-27

Author(s):

Дятлова ◽

O. Dyatlova

Keyword(s):

Financial Reporting ◽

International Standards ◽

Reporting Standards ◽

Financial Reporting Standards

In this paper the author considers questions of a technique related to assessment and accounting of stocks, including goods, according to the Russian Standards and International Financial Reporting Standards.

THE IMPACT OF THE ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS ON THE FINANCIAL SITUATION AND PERFORMANCE OF THE COMPANY

6th LIMEN Selected Papers (part of LIMEN conference collection) ◽

10.31410/limen.s.p.2020.37 ◽

2020 ◽

Author(s):

Radoslav Tusan ◽

Keyword(s):

Financial Reporting ◽

Insurance Companies ◽

Reporting Standards ◽

Financial Indicators ◽

Financial Situation ◽

And Performance ◽

The Impact

This paper deals with the evaluation of the impact of the adoption of International Financial Reporting Standards (IFRS) on the financial situation and performance of the company. The Slovak Accounting Act allows accounting and reporting under IFRS for two types of entities - explicitly specified by law (e.g. banks, insurance companies, stock exchange); and those that meet specified size criteria. The analyzed company met the size criteria and IFRS has been applying since 2018. The transition from Slovak accounting procedures to IFRS has an impact on the classification of individual items of assets and liabilities, their structure, and the classification of related costs and revenues. The transition to IFRS thus has an impact on the company's financial position and performance. The paper set out two objectives of the research: 1) the transition to IFRS caused an insignificant change in the company's financial indicators; 2) the transition to IFRS caused a significant change in the company's financial indicators. The results of the analysis show changes in the structure of the company's assets and liabilities, the amount of income and expenses, and the less significant impact of the adoption of IFRS on financial indicators.

The Impact of the Application of International Financial Reporting Standards in Increasing the Efficiency of the Iraqi Tax System

Studies of Applied Economics ◽

10.25115/eea.v39i11.5992 ◽

2021 ◽

Vol 39 (11) ◽

Author(s):

Majid Gazi Hasan ◽

Bahaa Al-Din Fareed Madhe ◽

Mostafa ABD Alhussein Almansoori

Keyword(s):

Financial Reporting ◽

Vital Role ◽

International Standards ◽

Accounting Education ◽

University Education ◽

Reporting Standards ◽

Tax System ◽

The Impact

The research aims to study the impact of obstacles to the application of international financial reporting standards in Iraq and study the impact of the application of international financial reporting standards in raising the efficiency of the Iraqi tax system. The researchers used a questionnaire to test the research hypotheses and achieve its objectives. Where (75) questionnaire forms were distributed to a selected sample of professionals (auditors and employees of the Arab Finance Bureau), and academics (university professors), and (64) questionnaires were retrieved valid for analysis with a response rate of (85%). The data contained in the questionnaire were analyzed using the statistical program (SPSS). The study reached a set of conclusions, the most important of which is the weak economic infrastructure and the weak accounting education related to international financial reporting standards. Moreover, there is a vital role in applying international financial reporting standards in raising the efficiency of the tax system. While the most critical recommendations were that integration and coordination should be achieved between professional institutions and Iraqi universities to raise the level of university education related to international accounting standards and find training programs that contribute to raising the knowledge of accountants and auditors with international standards. The tax legislator and the tax authority should also rely on the data contained in the financial statements in determining taxable income.

Comparative Characteristics of Accounting of Labour Remuneration According to Russian and International Standards

Auditor ◽

10.12737/article_5b504bb10ac9c6.15754752 ◽

2018 ◽

Vol 4 (7) ◽

pp. 44-49

Author(s):

Л. Корчагина ◽

L. Korchagina

Keyword(s):

Financial Reporting ◽

International Standards ◽

Reporting Standards ◽

Financial Reporting Standards

The article discusses the possibilities and problems of using the principles of International financial reporting standards in the practice of Russian organizations in the accounting of liabilities.

International Financial Reporting Standards and Real Earnings Management

Asian Journal of Empirical Research ◽

10.18488/journal.1007/2019.9.10/1007.10.281.292 ◽

2019 ◽

Vol 9 (10) ◽

pp. 281-292

Author(s):

Ooi Chee Keong ◽

Shafi Mohamad ◽

Syed Ehsanullah

Keyword(s):

Earnings Management ◽

Financial Reporting ◽

Positive Association ◽

International Standards ◽

Real Earnings Management ◽

Reporting Standards ◽

Industrial Sectors ◽

The Impact

We have attempted to investigate the impact of adopting the International Financial Reporting Standards (IFRS) on real earnings management (REM) in this study, along with a thorough examination to determine the relationship between IFRS and REM. The study is primarily based on 178 listed firms from different industrial sectors in Malaysia, wherein IFRS had finally been implemented in 2008. For more adequate estimations and requisite results, we have included data of eight years i.e., 4 years before the implementation of IFRS and 4 years after its implementation, in our sample. Our results showed positive association between IFRS and REM, accordingly, precisely suggesting that after the implementation of IFRS, these firms were found to be engaged more in less detectable REM, and also exhibiting quite a poor financial reporting quality apparently below international standards.

Status Quo of International Financial Reporting Standards and International Standards on Auditing: A Research on the Accounting Professionals in Konya

Procedia Economics and Finance ◽

10.1016/s2212-5671(14)00638-8 ◽

2014 ◽

Vol 15 ◽

pp. 1663-1670 ◽

Cited By ~ 1

Author(s):

Raif Parlakkaya ◽

Halil Akmese ◽

Kadriye Alev Akmese

Keyword(s):

Financial Reporting ◽

Status Quo ◽

International Standards ◽

Reporting Standards ◽

Accounting Professionals

Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards

Accounting Analysis Auditing ◽

10.26794/2408-9303-2018-5-3-62-71 ◽

2018 ◽

Vol 5 (3) ◽

pp. 62-71 ◽

Cited By ~ 2

Author(s):

T. U. Druzhilovskaya ◽

E. S. Druzhilovskaya

Keyword(s):

Financial Reporting ◽

Critical Analysis ◽

Systems Approach ◽

Accounting Standards ◽

International Standards ◽

Reporting Standards ◽

Normative Documents ◽

Regulatory Documents

The purpose of this article is to study the problems of convergence of investment property accounting in Russian and international financial reporting standards. The relevance of the question is due to the increasing role of such objects in the activities of Russian organizations. The research methodology includes the critical analysis of regulating modern investment property accounting in Russian and international financial reporting standards. This article uses such methods as analysis and synthesis, comparison, method of analogies, method of groupings, systems approach and logical approach. The study reveals discrepancies in the conceptual apparatus connected to investment property accounting; in various Russian regulatory documents; in interpretation of the notion of investment property in Russian GAAP and IFRS along with the differences in the investment property valuation methodology in Russian and international fi reporting standards.This article investigated the regulation of all Russian and International financial reporting standards subsystems. Russian accounting standards subsystems are the regulatory documents of organizations belonging to public and private sectors. The latter includes the normative documents of financial and nonfinancial organizations. When analyzing the regulatory documents on accounting in financial organizations the documents of credit and non-credit institutions were considered separately. As international standards subsystems were considered International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards for private sector. The authors give the critical analysis of the validity of the investment property accounting regulations in Russian and international financial reporting standards. The authors substantiate the prospects of the further convergence of the investment property accounting rules in Russian and international financial reporting standards.

Accounting Practices Regarding the Non-Current Assets Held for Sale

STUDIES AND SCIENTIFIC RESEARCHES ECONOMICS EDITION ◽

10.29358/sceco.v0i15.69 ◽

2010 ◽

Author(s):

Marinela Manea ◽

Veronica Stefan

Keyword(s):

Financial Reporting ◽

Time Interval ◽

Reporting Standards ◽

Tangible Assets ◽

Current Asset ◽

Subsequent Sale

Generally the non-current assets, and especially the tangible assets, are held by the entity (as it results from their very definition) in order to be used in the production of goods or for services, to be rented to the thirds or to be used for administrative purposes during several periods. For the time interval that a non-current asset is not classified as being held for sale, its recognition and implicitly its assessment will be done in accordance with the provisions of the applicable International Financial Reporting Standards; after the classification of the respective asset as being held with the intention of subsequent sale there will be applicable the provisions of the contemporary IFRS norm 5 “Non-current assets held for sale and discontinued activities”.

International accounting practices of intellectual activity

Auditor ◽

10.12737/12800 ◽

2015 ◽

Vol 1 (1) ◽

pp. 85-88 ◽

Cited By ~ 2

Author(s):

Дмитриева ◽

I. Dmitrieva ◽

Харакоз ◽

Yu. Kharakoz

Keyword(s):

Financial Reporting ◽

Intangible Assets ◽

International Standards ◽

International Accounting ◽

Reporting Standards ◽

Intellectual Activity ◽

The Individual

The article discusses methodologies for evaluating and reporting on International Standards of the results of intellectual activity as a part of the company’s intangible assets. The main positions of the individual International Financial Reporting Standards in part of evaluation, recording and reporting of intangible assets are analyzed.

International Financial Reporting Standards

10.12737/textbook_594a424e8384d9.09639346 ◽

2017 ◽

Author(s):

Гетьман ◽

Viktor Gyetman ◽

Рожнова ◽

Olga Rozhnova ◽

Сиднева ◽

...

Keyword(s):

Cash Flow ◽

Financial Reporting ◽

Financial Statements ◽

International Standards ◽

Reporting Standards ◽

Accounting Estimates

In the textbook the system of the international standards of the financial reporting (IFRS) is analysed: her principles, formation, advantages and expediency of introduction. MFSO are considered all: submission of financial statements; stocks; report on cash flow; accounting policies, changes in the estimated accounting estimates and mistakes, turnkey contracts, etc. Also reflection of financial rent is given in the reporting of the tenant under RAS and MFSO, etc. For the students studying in the Economy and Management directions and also for all comers to increase the level in the field of a training of the consolidated reporting.