Multivariate accounting in international financial reporting standards
Journal Title: Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу: міжнародний збірник наукових праць - Year 2017, Vol 36, Issue 1
Abstract
The necessity of the research on the basis of the positivist model of scientific knowledge is proved. The value of the conceptual framework in the process of bookkeeping selection is analyzed. The differences of the accounting selection adjustment procedure in US GAAP and IFRS are considered. The role and importance of the qualitative characteristics of financial reporting in the implementation of accounting selection are substantiated. The structure of the qualitative characteristics of financial reporting and their limitations under the Conceptual Framework for the preparation and presentation of financial statements are examined. The correlation between the accounting rules and alternatives adopted in US GAAP and IAS / IFRS is analyzed. The necessity to discuss the issue of the feasibility of «rule-oriented» or «principle-oriented» accounting model in the context of multivariate concept is studied. The authors prove the necessity of the application of institutional theory to solve the problems of accounting opportunism that arises when using the concept of multivariate accounting in International Financial Reporting Standards.
Authors and Affiliations
V. V. Evdokimov, S. F. Legenchuk
Keywords
Related Articles
- EP ID EP282301
- DOI -
- Views 111
- Downloads 0
Peculiarities of formation of accounting policy of the catering company
Restaurant business in Ukraine is developing quite dynamically. Today, services of off-premise catering have become an integral part of each business process. Insufficient level of theoretical and practical developments...
Internal control as part of prevention irregularities in accounting of budgetary institution
The article researches the principles of internal control, the importance, the rationale for the essence of the system of internal control and the legislative building in budgetary institution. It describes the main cha...
Costs for accounting outsourcing as accounting object
The aim of the work is to study the existing methodological approaches to accounting of costs for accounting outsourcing. The types of outsourcing are described in accordance with the functions transferred, that should b...
Accounting and control support of accounts receivable management
The article investigates the internal control as a tool for managing accounts receivables of the enterprise, which allows to identify ways to solve issues in the settlements as well as to prevent future accounts receivab...
Improvement of organization and audit methods of production reserves at the enterprise
The current research deals with the scientific substantiation of theoretical positions and development of practical recommendations for improving the organization and audit methodology of production reserves at an enterp...