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
Related Articles
- EP ID EP122570
- DOI -
- Views 95
- Downloads 0
Distribution of Corporate Responsibility in Ukraine as Implementation of the Strategy of the Partnership of Entrepreneurship, Power and Society
The article reveals problems and directions of establishment of responsibility of business in Ukraine for successful, sustainable and long-term interaction of entrepreneurship, power and society. The article conducts gra...
Assessing Quality of Both the Higher Education and the Educational-Production Activity of Educational Institutions on the Basis of Accreditation Criteria
The article is concerned with generalizing the national and global experience of assessing quality of both the higher education and the educational-production activity of educational institutions on the basis of accredit...
State Regulation of Mandatory Types of Insurance: Ways of Perfection
The article offers directions of perfection of state regulation of mandatory insurance. It substantiates a necessity of a methodical approach to determination of insurance tariffs for mandatory insurance with the use of...
Increased Regional Imbalances as the Dominant Trend of Territorial Development: Assessment and Effects Analysis
The article displays that the dominant trends of territorial development in the context of globalization and transnationalization of markets are increased irregularity of regional development, rapid polarization of the e...
Taxation of Dividends as Factor of Influence on Attraction of Investments
The article is aimed at providing of practical recommendations to improve the system of dividends taxation based on research of the norms of the tax legislation of Ukraine and other countries on the matter. Analysis, sys...