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

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.

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.

Earnings and Balance Sheet Conservatism in Malaysia: The Effect of Malaysia's Convergence to International Financial Reporting Standards (IFRS)

Asian Academy of Management Journal of Accounting and Finance ◽

10.21315/aamjaf2016.12.2.7 ◽

2017 ◽

Vol 12 (2) ◽

pp. 153-181 ◽

Cited By ~ 1

Author(s):

Marziana Madah Marzuki ◽

◽

Effiezal Aswadi Abdul Wahab ◽

Keyword(s):

Financial Reporting ◽

Balance Sheet ◽

Reporting Standards ◽

Financial Reporting Standards

Impacts of Newly Acquired Items Within Business Combinations on the Items of the Financial Statements

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis ◽

10.11118/actaun201664010265 ◽

2016 ◽

Vol 64 (1) ◽

pp. 265-274 ◽

Cited By ~ 1

Author(s):

Jana Gláserová

Keyword(s):

Financial Reporting ◽

Ownership Structure ◽

Balance Sheet ◽

Financial Statements ◽

Point Of View ◽

Reporting Standards ◽

Business Combinations ◽

Time Point

This paper is focused on the operations with the company (business combinations). These are those operations that are associated with the formation or dissolution of companies or reorganization of their ownership structure. They are often referred as equity transactions. In the concept of Czech accounting legislation, these are the purchase, sale, investment (deposit) of firms or their parts, and various forms of transformation of enterprises. There are analyzed the accounting practices of recording of these issues under the Czech accounting legislation and International Financial Reporting Standards. Consequently there are identified newly acquired assets and liabilities arising directly in connection with the business combinations. In the conclusion of this paper there are examined the effects of different reporting of newly acquired items in the context of business combinations according to Czech accounting legislation and in accordance with International Financial Reporting Standards on the significant items of balance sheet and profit and loss statement from the material and time point of view.

Analysis of Possibilities of Detectnig the Manipulation of Financial Statements in Terms of the IFRS and Czech Accounting Standards

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis ◽

10.11118/actaun201563061859 ◽

2015 ◽

Vol 63 (6) ◽

pp. 1859-1866 ◽

Cited By ~ 4

Author(s):

Zita Drábková

Keyword(s):

Financial Reporting ◽

Balance Sheet ◽

Accounting Standards ◽

Financial Statements ◽

Reporting Standards ◽

Creative Accounting ◽

Risk Detection ◽

Accounting Unit ◽

Comparison Of The Results

The main objective of financial statements is to give information. The diversity of interests and objectives of individual groups of users and creators of financial statements presents the risk of manipulation of financial statements in the context of true and fair view as defined in the national accounting legislation. The paper is concerned with the different possibilities of detecting the manipulation of financial statements in terms of the Czech Accounting Standards and IFRS. The paper analyzes the selected risk detection models of the manipulation of financial statements using creative accounting methods, off-balance sheet financing methods and accounting frauds in specific case studies of selected accounting unit in terms of Czech accounting standards. Based on the analysis and comparison of the results thereof, the paper presents and evaluates the alternatives of users of financial statements to evaluate the risk of manipulation of financial statements beyond the scope of a fair and true view. The evaluation further includes a comparison of uses of these models with respect to the International Financial Reporting Standards.

Earnings Management in Light of the Shift to International Financial Reporting Standards (IFRS): An Exploratory Study on Saudi Corporations

Global Journal of Management and Business Research ◽

10.34257/gjmbrcvol20is5pg1 ◽

2020 ◽

pp. 1-19

Author(s):

Dr. Fahad Sulaiman M Alnafea

Keyword(s):

Earnings Management ◽

Field Study ◽

Financial Reporting ◽

Exploratory Study ◽

Balance Sheet ◽

Cash Flows ◽

Reporting Standards ◽

Income Statement

This study aims to study the Earnings management in light of the shift to International Financial Reporting Standards (IFRS) through a field study, which has occurred in Saudi joint-stock companies. Through research, I achieved several results, such as: That there is change expected to happen in Earnings management in light of the shift to International Financial Reporting Standards (IFRS) via: Manipulating both the expenditure and revenue in the income statement, The manipulation of the accounts of Balance Sheet Statement, The manipulation of cash flows statement, as well as through the manipulation of reports of the changes in equity statement. The accountants in Saudi Corporations are concerned to shift to IFRS, expecting that the Earnings management is going on; thus, the IFRS had implemented.

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

National Interests Priorities and Security ◽

10.24891/ni.17.8.1449 ◽

2021 ◽

Vol 17 (8) ◽

pp. 1449-1473

Author(s):

Svetlana S. GUTMAN ◽

Elizaveta A. NOCHEVKINA

Keyword(s):

Sustainable Development ◽

Financial Reporting ◽

Aviation Industry ◽

Reporting Standards ◽

Integrated Reporting ◽

Foreign Companies ◽

Current Trends ◽

Approval Procedure ◽

The Russian Federation

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.

Assessment of enterprises liabilities in application conditions of international financial reporting standards

Socio-Economic Research Bulletin ◽

10.33987/vsed.3-4(74-75).2020.45-56 ◽

2020 ◽

pp. 45-56

Author(s):

Valentina Kubik ◽

Ruslan Volchek

Keyword(s):

Discount Rate ◽

Financial Reporting ◽

Risk Premium ◽

Balance Sheet ◽

Fair Value ◽

Reporting Standards ◽

Different Types

The article considers the peculiarities of accounting assessment of short-term and long-term liabilities of enterprises based on different types of current value. It is established that the IAS and Ukrainian Accounting Standards don’t quite clearly formulate the provisions regarding the assessment at which accounting items should be evaluated when recognized and reflected in the balance sheet. This negatively affects to the quality of the reports provided by enterprises and requires the development of methodologies that specify the application of different types of assessment of enterprises liabilities, depending on the purpose of assessment. The subject of research is the procedures for evaluation the value of the enterprise’s liabilities. The purpose of the article is to solve the problem of enterprises liabilities evaluation at the present stage of accounting development in the context of international financial reporting standards application in Ukraine. The research methods are general scientific, namely: abstraction and concretization – for providing recommendations regarding the correct determination of the fair value of enterprises’ liabilities. It is proved, that the choice of the evaluation type of liabilities depends on the time of their implementation and the results of business negotiations. Recommendations for the correct evaluation of liabilities and disclosure information about them in the financial statements are formulated. It is recommended to reflect in the order of enterprise accounting policy the criteria according to which the discount rate is selected for determining the present value of various types of long-term liabilities. It is expedient to substantiate the materiality of the rate deviation on long-term interest loans in accordance with the terms of the agreements and the market interest rate. Indicators that can be used to determine the risk premium when choosing the discount rate are specified.

Genesis of the Definition “Goodwill” as Economical Category: International and Russian Aspect

SHS Web of Conferences ◽

10.1051/shsconf/20196201004 ◽

2019 ◽

Vol 62 ◽

pp. 01004

Author(s):

O.A. Kuzmenko ◽

A.M. Dyachkova-Politi

Keyword(s):

United States ◽

Financial Reporting ◽

Russian Federation ◽

The United States ◽

Reporting Standards ◽

Historical Trends ◽

Accounting Practice ◽

Russian Aspect ◽

Further Development

The article is devoted to formation of the definition “Goodwill” in Russian accounting practice based on historical trends, regulations and standards. During the research the definition was explored from legal stand point, were considered major milestones in its development and, as a result, it was concluded that further development will be necessary due to acceptance of the International Financial Reporting Standards on territory of Russian Federation. It compares experience of the United States and Russia in regulation of the definition and its realization and recognition in financial reporting. As an economic category goodwill have gone through development of the definition reputation to the leading indicator of the company’s stability in merger and acquisition process. From this position, usage of goodwill in consolidated financial reporting is crucial and requires development of the mechanisms for implementation and guardianship of the intangible assets, its proper amortization and impairment.

Review of the material and technical potential of organizations engaged in research and development

RUDN Journal of Economics ◽

10.22363/2313-2329-2020-28-3-522-535 ◽

2020 ◽

Vol 28 (3) ◽

pp. 522-535

Author(s):

Daria V. Lebedeva

Keyword(s):

Research And Development ◽

Financial Reporting ◽

Russian Federation ◽

Global Competitiveness ◽

Technical Potential ◽

Fixed Assets ◽

The Russian Federation ◽

Innovative Potential ◽

High Degree

Realizing nations innovative potential is essential for their economic development and global competitiveness. The purpose of this article is to analyze the material and technical potential of the research and development sector. Organizations material and technical security is one of the main elements of effective innovation. According to official statistics, Russian Federation assets are characterized by a high degree of wear, low insertion and disposal that undermines economic growth. This article analyzes international financial reporting standards for accounting and depreciation of fixed assets, and identifies ways to improve research and development logistics in the Russian Federation.

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 ◽

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.