Development principles for preparing financial reporting in the context of digitalization

2020 ◽  
Vol 2 (2) ◽  
pp. 44-51
Author(s):  
Elena Dombrovskaya
Keyword(s):  
Conceptual Framework ◽  
Financial Reporting ◽  
Technology Development ◽  
System Development ◽  
Practical Importance ◽  
Digital Economy ◽  
Business Units ◽  
Information Technology Development ◽  
New Processing ◽  
The Impact

The information technology development and the digital economy have a significant impact on the business units’ information system. The impact has resulted in a significant increase in the amount of business data used. With increased information availability, development of new processing methods and algorithms, the approaches to financial reporting need to be adjusted and modified. All changes to the basic principles of financial reporting have been included in the new version of the Conceptual Framework for Financial Reporting. It will come into force on January 1, 2020 for all business units developing their reporting policies under IFRS. The paper overviews the amendments and innovations introduced by the new version of this document. The Conceptual Framework dialectics has been reviewed based on all document versions since 1989. We analyzed the impact of digital technology on the transformation of accounting methods and principles and on the preparation of financial statements. The paper is of practical importance and helps to assess various areas of system development of the IFRS methodology in the context of digital economy.

Main trends and contents of updates political and ideological principles Russian Federation

2017 ◽  
pp. 267-273
Author(s):  
Ihor Melnychuk
Keyword(s):  
Russian Federation ◽  
Technology Development ◽  
Rapid Development ◽  
Practical Importance ◽  
Civic Identity ◽  
Main Task ◽  
Russian State ◽  
Ideological Influence ◽  
Information Technology Development ◽  
Cultural World

Nowadays RF have a lot of obstacles. The intense process of globalization, the rapid development of information technology, development of a new instruments of geo-cultural and ideological influence not only lead to problems in the way of expansion of the Russian world, but also to the need to enhance the security of the current geo-cultural space of Russian Federation and design its system concept. The author notes that the new internal doctrine of RF is penetrated by a nostalgia for a powerful state status. Its main task is to strengthen the unity of society by strengthening civic identity. Therefore we do not underestimate the practical importance of theoretical developments in cultural, ideological and informational spheres. The ideology which promoted by Russian state media includes the concept of «russkiy mir» that actually justify claims to territories which are inhabited by ethnic Russians. This idea appeals to the Orthodox fundamentalism, as well as the Eurasian geopolitical and historical myths of permanent confrontation between Russia and the West. The main reason for the success of ideological propaganda – in a primitive but effective substitution of concepts. In conclusion the author stresses that the process of forming a single geo-cultural world of the Russian Federation does not impose functional and effective integration ideology and current Russian civilization and socio-cultural projects are not attractive and competitive position to societies and elites of neighbor states but can be used to consolidate the political situation inside Russia. Keywords: Political and ideological principles, Russian Federation, cultural and ideological spheres, information sphere, geo-cultural world, civic identity

The Impact of China on Cybersecurity: Fiction and Friction

2015 ◽  
Vol 39 (3) ◽  
pp. 7-47 ◽  
Author(s):  
Jon R. Lindsay
Keyword(s):  
International Relations ◽  
Value Chain ◽  
Technology Development ◽  
The United States ◽  
Information Control ◽  
West China ◽  
Information Technology Development ◽  
The Stability ◽  
National Information ◽  
The Impact

Exaggerated fears about the paralysis of digital infrastructure and the loss of competitive advantage contribute to a spiral of mistrust in U.S.-China relations. In every category of putative Chinese cyber threat, there are also considerable Chinese vulnerabilities and Western advantages. China has inadvertently degraded the economic efficiency of its networks and exposed them to foreign infiltration by prioritizing political information control over technical cyber defense. Although China also actively infiltrates foreign targets, its ability to absorb stolen data is questionable, especially at the most competitive end of the value chain, where the United States dominates. Similarly, China's military cyber capacity cannot live up to its aggressive doctrinal aspirations, even as its efforts to guide national information technology development create vulnerabilities that more experienced U.S. cyber operators can attack. Outmatched by the West, China is resorting to a strategy of international institutional reform, but it benefits too much from multistakeholder governance to pose a credible alternative. A cyber version of the stability-instability paradox constrains the intensity of cyber interaction in the U.S.-China relationship—and in international relations more broadly—even as lesser irritants continue to proliferate.

The impact of corporate governance mechanisms on earning management: Literature review and proposing framework

2012 ◽  
Vol 2 (1) ◽  
pp. 134
Author(s):  
Ebraheem Saleem Salem Alzoubi ◽  
Mohamad Hisyam Selamat
Keyword(s):  
Corporate Governance ◽  
Conceptual Framework ◽  
Financial Reporting ◽  
Audit Committee ◽  
Research Study ◽  
Senior Management ◽  
Earning Management ◽  
Starting Point ◽  
Governance Practices ◽  
The Impact

This research study seeks to come up with a conceptual framework that investigates the different mechanisms of corporate governance and its effects on earning management (EM). This is to help build a conceptual framework of governance practices and its mechanisms, which mainly consists of board of directors and audit committee. To build the conceptual framework, the background of governance practices and EM theory served as a good starting point. The current research study is based on the complete assessment of present literatures, the two mechanisms of governance practices and EM. This paper serves as a guide to senior management, who seeks to improve their company’s financial reporting quality (FRQ) through the execution of governance practices, in which the governance practices support their company’s FRQ efforts. Furthermore, the conceptual framework serves as a benchmark for practitioners to execute their governance practices more effectively and efficiently in their own respective firms. This paper seeks to close the gap on the existing literature, by giving guidance to the senior management of governance practices companies that aspires to discover the competency of EM. By developing a deeper understanding of the relationship between corporate governance practices and EM, senior management can thus focus their efforts on the practices that ensure the firms’ ability to establish a competitive FRQ.

Four Questions on the Digital Economy

2019 ◽  
Vol 8 (1) ◽  
pp. 5-14
Author(s):  
Василий Свистунов ◽  
Vasiliy Svistunov ◽  
Виталий Лобачев ◽  
Vitaliy Lobachyev
Keyword(s):  
Information And Communication Technologies ◽  
Information Technologies ◽  
Practical Importance ◽  
Communication Technologies ◽  
Digital Economy ◽  
Current State ◽  
Information And Communication ◽  
State Of Affairs ◽  
National Economies ◽  
The Impact

The article is devoted to the analysis of the main modern trends of digitalization of the economies of the leading world powers. Particular attention is paid to the state of Affairs with the practice of information and communication technologies in the Russian Federation. The analysis of trends in the participation of the digital economy in the formation of GDP of a number of countries, including Russia. The impact of digitalization processes on the current state and further development of various spheres of management is assessed. The practice of development of strategic programs for the development of national economies, which determine the targets for the development and implementation of modern information technologies in various industries and activities to improve the efficiency of national socio-economic systems. The author’s position in determining the main features of the current state of the digital economy of Russia is based on the generalization of the results of studies conducted by a number of international companies, and is of practical importance in the study of the problem of the ongoing transformation of social and labor relations in the context of digitalization.

scholarly journals Influence of migration processes in Europe on law and legal culture of information society

2020 ◽  
Vol 210 ◽  
pp. 17023
Author(s):  
Elena Pevtsova ◽  
Natali Pevtsova ◽  
Marina Lavitskaya ◽  
Vladimir Redkous ◽  
Evgeniia Matveeva
Keyword(s):  
Information Society ◽  
Legal Theory ◽  
Practical Importance ◽  
Legal Culture ◽  
Religious Right ◽  
Digital Economy ◽  
European Countries ◽  
Comparative Linguistics ◽  
Digital Era ◽  
The Impact

The relevance of research: The relevance of the problem under study is evidenced, first, by an active scientific discourse among lawyers on the impact of migration flows on modern law, and, second, by the necessity to elaborate the integral concept of legal culture in the information society. The research objective is to analyze the legal effects of migration on legal culture of European countries and to distinguish new features of legal culture that have appeared in the digital era. Research methods: The main approaches to investigation into the problem were the analysis, modeling and comparative linguistics, as well as the content analysis of the key scientific theories on legislation. To study the topic, the authors applied comparative and structural-logical approaches that allow considering the law in terms of the influence of virtual environment, where the set of new component parts is observed. Results of the research: the paper traces the process of formation of new characteristics of component parts of legal culture in the society in the age of digital economy. The authors conclude that despite a number of contradictions observed in the process of law development in European countries, new features have appeared in law and legal culture of modern Europe in the context of digital economy. According to the authors, these features are the following: the increased influence of religious views on emotional-and-figurative and logical-and-statutory aspects of legal awareness; development of antagonistic relations between native Europeans and people belonging to different religious denominations; strong discontent of those natives who want to preserve their identity, which surely affects their legal behavior. The number of administrative offences and crimes has significantly increased. All these factors negatively affect the state of legal culture of the society. The paper analyzes the key problems related to implementation of the principle of the religious right provided to refugees, and some common violations of religious and legal regulations. Practical importance: The proceedings provided in this paper may be relevant when fulfilling scientific and educational tasks on legal theory and constitutional law.

scholarly journals Preconditions  of  Effective  Development   of  Digital  Economy

2018 ◽  
Vol 5 (6) ◽  
pp. 6-16 ◽  
Author(s):  
М. V. Mel’nyk ◽  
V. N. Salin
Keyword(s):  
Information And Communication Technologies ◽  
Business Processes ◽  
Technology Development ◽  
Organizational Structures ◽  
Digital Economy ◽  
Sustainable Growth ◽  
Managerial Decisions ◽  
Permanent Improvement ◽  
Information Technology Development ◽  
Effective Development

The objective modern conditions of digital economy include the necessity of the development of innovative sciencebased production, changes in organizational structures based on the integration of business processes of economic entities, the necessity of accelerating business processes and using them as a base for sustainable growth and increased effciency of economic development. Ongoing changes mean the permanent improvement of engineering, technology and organization of production, using big data when making managerial decisions to choose the best developments and practices of solving the tasks on the basis of comparative analysis. It will also help to justify the objective factors in order to realize these decisions and to identify the risky spheres of activity and in turn to choose the effective and feasible directions of development, provide rational for conditions and effectiveness of their implementation in separate economic subjects and the national economy as a whole. The purpose of the article is: to reveal the nature and essence of the digitalization process, its peculiarities in different spheres of economic activity and preconditions of their sustainable development; to identify and highlight the position and the role of digitalization of non-fnancial sector of economy; to systemize the experience useful for implementation of the digitalization project at the modern stage of information technology development; to justify the crucial importance of the development of the system of indicators to fully digitalize the considered modern processes which in turn would require the active development of the system of collection, processing and analysis of the information using information and communication technologies; to draw attention to the topical problem of due staff training both of software developers and IT users; to single out the problems the solution of which can currently determine the prerequisites of success of the “digital economy” project in Russia.

scholarly journals PENGEMBANGAN ONLINE PUBLIC ACCESS CATALOG (OPAC) BERBASIS ANDROID PADA PERPUSTAKAAN UPN “VETERAN” JAKARTA

Edulib ◽  
2018 ◽  
Vol 7 (2) ◽  
Author(s):  
Fajar Nugroho ◽  
Pudji Muljono ◽  
Irman Hermadi
Keyword(s):  
Operating System ◽  
Information Technology ◽  
Technology Development ◽  
System Development ◽  
Public Access ◽  
Android Operating System ◽  
Ease Of Access ◽  
Information Technology Development ◽  
Search Facility ◽  
The Cost

Abstract. UPN "Veteran" Jakarta Library wants to keep abreast of information technology development that can improve library quality. Smartphone with android operating system nowadays is one of knowing information technology that developed rapidly. The advantages of smartphones using android operating system is the ability to run multiple applications simultaneously, ease of access, and has a relatively cheap price with a lot of functions. The UPN "Veteran" JakartaLibrary currently has limitations in providing a collection search facility due to the less roomy space, the cost of electricity, and also the ergonomics of the device. Online Public Access Catalog (OPAC) or that can be known byonline catalog is a useful facility for the user and library in providing the means. Development OPAC withandroid-basedis expected to provide solutions to problems that can help users and also UPN "Veteran" JakartaLibrary in providing excellent service. In this research article will be presented about the stages of OPAC with android-bases development in UPN "Veteran" Jakarta Library by using System Development Life Cyle (SDLC) method. From the result of the research, it is concluded that thedevelopment of OPAC with android-bases in UPN "Veteran" Jakarta Library has been able to provide ten parameters of OPAC third generation. With the android-based OPAC is expected to help the user infinding the collection with the limitations of the search facilities provided by UPN "Veteran" Jakarta as well as providing variations in searching collection at OPAC library UPN "Veteran" Jakarta.Keywords: Development, OPAC, Android

scholarly journals Effect of Audit Committee Expertise and Meeting on Earnings Quality in Indonesian Listed Companies: A Conceptual Approach

2017 ◽  
Vol 3 (1) ◽  
pp. 47-54
Author(s):  
Lidya Primta Surbakti ◽  
Hasnah Binti Shaari ◽  
Hasan Mohammed Ahmed Bamahros
Keyword(s):  
Corporate Governance ◽  
Conceptual Framework ◽  
Financial Reporting ◽  
Audit Committee ◽  
Stock Exchange ◽  
Earnings Quality ◽  
Empirical Studies ◽  
Annual Reports ◽  
Conceptual Approach ◽  
The Impact

Purpose: The purpose of this paper will focus on monitoring and improving corporate governance through earnings quality. In particular, audit committee effectiveness is seen as a significant factor in ensuring effective corporate governance and in view of this, the aim of this paper is to develop a conceptual framework that will examine the impact expertise, meeting and meeting attendance on the earnings quality of companies. Methodology: Future empirical studies could be conducted quantitatively with secondary data. The report from annual reports of companies listed in Indonesia Stock Exchange (IDX) starting from the period of implementation of the new code on implementation guideline in 2013. Implication: In fact, the main issue was centered on financial reporting manipulations and there is need to examine and develop a mechanism that in addition, agency theory is expected to explain the above three factors in providing explanation to accounting information that relates to the earnings quality under study. Finally, it is expected that future empirical studies with this conceptual framework can enhance earnings quality for users of financial statements such as: investors, creditors, shareholders and other stakeholders in Indonesia and beyond.

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