A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy
Journal Title: Проблеми економіки - Year 2016, Vol 2016, Issue 2
Abstract
The aim of the article is justification of the need to specify in the order on accounting policies not only the elements of the accounting policy itself but also the initial accounting estimates, which will increase the reliability of financial reporting and the development of proposals on improvement of the given administrative documents of the enterprise. It is noted that in recent years the importance of a high-quality accounting policy has increased significantly not only for users of financial reports but also for achieving the purposes of determining the object of levying the profits tax. There revealed significant differences at reflecting in accounting the consequences of changes in the accounting policy and accounting estimate. There has been generalized the information in the order on the enterprise accounting policy with respect to accounting estimates. It is proposed to provide a separate section in the order, where there should be presented information about the list of accounting estimates taken, about how the company will make changes in the accounting policy, accounting estimate as well as correct errors.
Authors and Affiliations
Tetyana Marenych
Keywords
Related Articles
- EP ID EP90823
- DOI -
- Views 99
- Downloads 0
The Analysis of Theoretical Approaches to Identification of Factors of Regional Economic Growth
The article is devoted to the investigation of current approaches to identification of factors of economic growth in the regions. The theory of new economic geography based on works and studies of P. Krugman has been con...
Problems of Development of Tourist Industry in Ukraine
In article the condition of world tourism is analyzed and the place of Ukraine in the world market of tourist services is defined. The basic problems of functioning of sphere of tourist business in Ukraine are considered...
Methodological Bases for Ranking the European Union Countries in Terms of Macroeconomic Security
The fundamental contradictions of existing methodical approaches to assessing the level of the state economic security have been substantiated and proposals on the introduction of a unified methodology for its assessment...
Strategic planning of the regional environmental policy
The article justifies the necessity of introduction of management of regional development of strategic planning. It focuses on importance of the complex work on creation of regulatory and legal, organisational and educat...
Accounting Concept of Electronic Money in Banks
The article provides a solution to the problem of counting electronic money in the banks, which is due to the need to establish a proper monitoring system, data sources for the implementation of the economic analysis of...