PROBLEMS AND WAYS OF IMPLEMENTATION OF INTERNATIONAL FINANCIAL STATEMENTS STANDARDS IN UKRAINE
Journal Title: Міжнародний науковий журнал "Інтернаука". Серія: "Економічні науки" - Year 2018, Vol 1, Issue 10
Abstract
The purpose of the paper is to study the theoretical foundations and prerequisites for the process of implementing the International Financial Reporting Standards in Ukraine in the stages of its development, analysis of its dynamics and structure. Based on the retrospective analysis of scientific works of domestic and foreign scientists, the theoretical foundations and preconditions of the process of introduction of the IFRS (hereinafter - IFRS) in Ukraine at an early stage and after their global distribution in the countries of the European Union are determined. An analysis of the process of implementation of IFRS by economic entities by organizational forms has been carried out, and it is recognized that they are widely distributed among large and medium enterprises, which causes the urgent need to solve a range of problems associated with the implementation and use of IFRS. The emphasis is placed on the inadequacy of the functioning of the Ukrainian institutions in collecting, summarizing and exchanging statistical and administrative information regarding state registration, the results of economic activity of business entities, which, as a consequence, negatively affects the level of trust in such information resources and the reputation of cranes in general. The necessity of supplementing the National Statistical Classifier "Statistical Classifier of Organizational Forms of Economic Subjects" with the detailed information regarding types of joint-stock companies is noted. To date, International Financial Reporting Standards for many countries have become an integral part of their accounting system, a common practice. This also applies to Ukraine, which has started to implement IFRS. Implementation of international standards is a prerequisite for economic development of the country, provides an opportunity for international integration. The article considers the peculiarities of the practical application of IFRS in Ukraine and outlines the main problems that arise in their use.
Authors and Affiliations
Svetlana Yakovenko, Tatyana Vlasenko, Irina Lutsenko
Keywords
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- EP ID EP581576
- DOI 10.25313/2520-2294-2018-10-4235
- Views 457
- Downloads 0
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