Non-IFRS Information in IFRS Financial Statements: the Scientific Discussion Field
Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 3
Abstract
The research object is the presentation and disclosure of non-IFRS information and alternative performance indicators of companies in IFRS financial statements. The aim is to justify actuality of the scientific research of presentation and disclosure of non-IFRS information in financial statements, to create a scientific discussion field and formulate research tasks aimed at solving actual scientific and practical task of developing methodological approaches to the presentation and disclosure of non-IFRS financial information in the IFRS financial statements. Actuality of the scientific research regarding the presentation and disclosure of non-IFRS information and alternative performance indicators of companies in IFRS financial statements has been grounded. The definition of non-IFRS information has been given and its main types have been highlighted. The most common examples of non-IFRS information submitted and disclosed in the financial statements have been systematized. The criteria for the information that allow not to refer it to non-IFRS information have been defined. There have been generalized the results of analytical studies of the financial reporting quality and the role of non-IFRS information in it. The key criteria that must be in the basis of a common methodological approach regarding the presentation and disclosure of non-IFRS financial information in IFRS financial statements have been formulated. The circle of the discussion aspects concerning the presentation and disclosure of non-IFRS financial information in IFRS financial statements has been outlined and the author’s vision of their solving has been described. The further scientific discussions on the presentation and disclosure of non-IFRS financial information in IFRS financial statements have been initiated.
Authors and Affiliations
Olena Kharlamova
Keywords
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