Procedure for forming the fair value of non-financial assets in public sector organizations

2021 ◽  
pp. 51-61
Author(s):  
Svetlana Nikolaevna Kovalenko ◽  
Natalia Alekseevna Kalutskaya ◽  
Svetlana Viktorovna Kuligina
Keyword(s):  
Public Sector ◽  
Fair Value ◽  
Financial Asset ◽  
Financial Assets ◽  
Public Sector Organizations ◽  
Market Criteria

This article presents the concept of “non-financial asset” in relation to public sector organizations, discusses the conditions for classifying objects as non-financial assets, refers to legislative and regulatory acts related to the problem under study, forms the concept of “fair value”, provides parameters for assessing fair value and options for determining it, including on the basis of using market criteria in compliance with certain parameters, describes the procedure for establishing fair value for lease and gratuitous use.

scholarly journals Studi Fenomenologis Kepatuhan Terhadap Standar Akuntansi Pemerintahan Dalam Pelaporan Aset Biologis (Studi Kasus: Organisasi “X”)

2018 ◽  
Vol 1 (1) ◽  
pp. 13
Author(s):  
Arlin Zulkarnain ◽  
Zaenal Fanani
Keyword(s):  
Public Sector ◽  
Financial Statements ◽  
Fair Value ◽  
Qualitative Approach ◽  
Tax Rate ◽  
Public Sector Management ◽  
Government Organizations ◽  
Government Accounting ◽  
Public Sector Organizations ◽  
Directorate General

Implementation of SAP related biological assets generate a polemic against the compliance Financial Statements preparation of public sector organizations in Indonesia. The objectives of this study were to: (i) investigate the phenomenon of understanding/interpretation of public sector management SAP in the preparation of financial statements related to the treatment of biological assets; (ii) reveal the meaning of phenomena gained during the study; (iii) provide inputs based on summarized meanings, in an effort to improve SAP, government accounting policies, or related rules. This research used qualitative approach with the type of phenomenology study. Selected research sites in "X" organizations that have large quantities of biological assets with a focus on research sites at two production centers and vertical agencies (Directorate General and Secretariat General c.q. Financial Bureau). The results show that management applies as if obedient according to their understanding and interpretation of SAP. Management makes decisions regarding accounting policies with the justification of a problem that does not yet have a guideline. One example of measuring the inventory value of biological assets derived from its own production is by using the non-tax rate. In addition, the use of fair value today and in the future, is still an obstacle in the implementation of government organizations.

Measurement of public sector financial instruments in Russian and international standards systems

2021 ◽  
Vol 22 (7) ◽  
pp. 740-760
Author(s):  
Tat'yana Yu. DRUZHILOVSKAYA
Keyword(s):  
Public Sector ◽  
Critical Analysis ◽  
International Standards ◽  
Financial Accounting ◽  
Financial Assets ◽  
Financial Instruments ◽  
Analogy Method ◽  
Public Sector Organizations ◽  
Degree Of Convergence

Subject. This article discusses the regulations regarding the assessment of financial instruments of public sector organizations in the systems of Russian and international standards. Objectives. The article aims to investigate the degree of convergence of regulations regarding the assessment of financial instruments in the Russian standards for public sector organizations with the rules of international standards. Methods. For the study, I used the methods of critical analysis, synthesis, comparison, observation, and the analogy method. Results. Based on a comparison of the regulations regarding the initial and subsequent assessment of various types of financial assets and financial liabilities in the Russian FSBU Standard Financial Instruments and IPSAS 29 Financial Instruments: Recognition and Measurement, the article identifies situations where the assessments of financial instruments of public sector organizations, conducted according to Russian and international standards, coincide or have differences. Conclusions and Relevance. It is advisable to further converge approaches to the assessment of financial instruments in Russian standards for public sector organizations and the IPSAS regulations. The results obtained have both applied and theoretical applications in the field of financial accounting.

scholarly journals Fair value: characteristics and impact on economic security

2020 ◽  
pp. 38-44
Author(s):  
Svetlana Kozmenkova
Keyword(s):  
Public Sector ◽  
Financial Reporting ◽  
Fair Value ◽  
Economic Security ◽  
International Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Public Sector Organizations

The article examines the concept of “fair value” when applying international and national financial reporting standards, including public sector organizations. And although the assessment at fair value is used only in certain cases, for example, when receiving property free of charge, drawing up reports in accordance with the requirements of international standards, and this is justified, however, the subsequent assessment of assets can be subjective and have a significant impact on economic security, as a separate organization and the country as a whole.

Questions of practical application of the SGC “Fixed assets”

2020 ◽  
pp. 15-23
Author(s):  
Elena Lukinova
Keyword(s):  
Public Sector ◽  
Accounting Standards ◽  
International Standards ◽  
Financial Assets ◽  
Practical Application ◽  
Accounting Regulation ◽  
Fixed Assets ◽  
Public Sector Organizations ◽  
The Russian Federation ◽  
Ministry Of Finance

The law “on accounting” includes The Federal accounting standards (hereinafter referred to as the FAS), which must be developed on the basis of international standards, as part of the basic documents in the field of accounting regulation that are mandatory for application. FAS for public sector organizations (hereinafter referred to as SGC).the Ministry of Finance of the Russian Federation develops accounting standards in accordance with the Program for developing Federal accounting standards for public sector organizations. Since 01.01.2018, five of the 29 originally planned SGC have been applied in practice, including the SGC “Fixed assets”. This article discusses the difficulties caused by the first application of the SGC “Fixed assets” and how to solve them in the practice of accounting for non-financial assets by public sector organizations.

CAF: Quality management model for public organizations

2020 ◽  
Vol 22 (5) ◽  
pp. 26-31
Author(s):  
EMIL MARKVART ◽  
◽  
DMITRY V. MASLOV ◽  
TATYANA B. LAVROVA ◽  
◽  
...  
Keyword(s):  
Public Sector ◽  
Quality Management ◽  
Public Administration ◽  
Local Governments ◽  
Control Function ◽  
Self Assessment ◽  
European Model ◽  
Public Sector Organizations ◽  
Quality Management Model ◽  
The Common

The existing approaches to quality assessment, based on ranking and rating, perform a control function but do not give government bodies at various levels, local governments, and public sector organizations the necessary tools to improve their performance. The article is devoted to one of the modern models of quality management in the field of public administration – the European model for improving the activities of public sector organizations through the self-assessment – the Common Assessment Framework (CAF model) and the possibilities of its implementation in Russia.

scholarly journals A Compensatory Fuzzy Logic Model in Technical Trading

Axioms ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 36
Author(s):  
Norma P. Rodríguez-Cándido ◽  
Rafael A. Espin-Andrade ◽  
Efrain Solares ◽  
Witold Pedrycz
Keyword(s):  
Fuzzy Logic ◽  
Technical Analysis ◽  
Graphical Analysis ◽  
Logic Model ◽  
Financial Asset ◽  
Financial Assets ◽  
Novel Approach ◽  
Subjective Assessments ◽  
Efficient Prediction ◽  
High Degree

This work presents a novel approach to prediction of financial asset prices. Its main contribution is the combination of compensatory fuzzy logic and the classical technical analysis to build an efficient prediction model. The interpretability properties of the model allow its users to incorporate and consider virtually any set of rules from technical analysis, in addition to the investors’ knowledge related to the actual market conditions. This knowledge can be incorporated into the model in the form of subjective assessments made by investors. Such assessments can be obtained, for example, from the graphical analysis commonly performed by traders. The effectiveness of the model was assessed through its systematic application in the stock and cryptocurrency markets. From the results, we conclude that when the model shows a high degree of recommendation, the actual financial assets show high effectiveness.

scholarly journals Optimization of Financial Asset Neutrosophic Portfolios

Mathematics ◽  
2021 ◽  
Vol 9 (11) ◽  
pp. 1162
Author(s):  
Marcel-Ioan Boloș ◽  
Ioana-Alexandra Bradea ◽  
Camelia Delcea
Keyword(s):  
Capital Market ◽  
Financial Risk ◽  
Financial Asset ◽  
Financial Assets ◽  
Portfolio Risk ◽  
Financial Return ◽  
Additional Information ◽  
Triangular Numbers ◽  
The Capital Market

The purpose of this paper was to model, with the help of neutrosophic fuzzy numbers, the optimal financial asset portfolios, offering additional information to those investing in the capital market. The optimal neutrosophic portfolios are those categories of portfolios consisting of two or more financial assets, modeled using neutrosophic triangular numbers, that allow for the determination of financial performance indicators, respectively the neutrosophic average, the neutrosophic risk, for each financial asset, and the neutrosophic covariance as well as the determination of the portfolio return, respectively of the portfolio risk. There are two essential conditions established by rational investors on the capital market to obtain an optimal financial assets portfolio, respectively by fixing the financial return at the estimated level as well as minimizing the risk of the financial assets neutrosophic portfolio. These conditions allowed us to compute the financial assets’ share in the total value of the neutrosophic portfolios, for which the financial return reaches the level set by investors and the financial risk has the minimum value. In financial terms, the financial assets’ share answers the legitimate question of rational investors in the capital market regarding the amount of money they must invest in compliance with the optimal conditions regarding the neutrosophic return and risk.

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