Architectonics of the Notes to IFRS-Reporting
Journal Title: Бізнес Інформ - Year 2015, Vol 8, Issue 0
Abstract
The article is aimed at argumentation of the thesis that architectonics of the Notes to financial IFRS-Reporting should be based on a logical construction of «objective to subjective». Requirements to information disclosure have been systematized and a hierarchical model of architectonics of the Notes to financial IFRS-reporting has been developed. According to results of the study, expedience of the use of the referred logical construction has been substantiated, taking into account the level of informational risk for users. It has been proposed to classify all accounting decisions either as non-alternative, or alternative, or independent; their relationship with the level of informational risk for users, which consists in making erroneous decisions based on the financial reporting data, has been disclosed. The developed hierarchical model of architectonics of the Notes to financial IFRS-Reporting includes seven components ranked by the levels of objectivity of accounting solutions (professional judgment) as well as informational risk, is based solely on the systematic and organized by the author IFRS-requirements and does not entail an additional workload on preparers of IFRS-reports. The practical application of the proposed hierarchical model will contribute to the unification of IFRS-reporting, improving its comparability and quality, perfectioning the methodological tools for training purposes.
Authors and Affiliations
Olena Kharlamova
Keywords
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