Specific Features of Reflection of Information Regarding Lease Operations in the National and International Standards
Journal Title: Бізнес Інформ - Year 2013, Vol 12, Issue 0
Abstract
The article identifies the degree of correspondence of the national Provisions (Standard) of Business Accounting (PSBA) Lease with the international standard and provides recommendations with respect to their closing up. On the results of the study the author provides specific features of international and national standards - the existing IFRS 17 Lease and national PSBA 14 Lease by the following components: definition of lease, its classification and reflection in accounting. Also the text of PSBA 31 Financial Expenditures is supplemented with provisions on capitalisation of financial expenditures prospectively, which would allow avoidance of correction of the balance of the retained income and provision of comparative information for previous periods. The article provides an algorithm of division of lease for accounting purposes on the basis of international standards. Its use would ensure correctness of reflection of lease operations in accounting and would serve as a basis for development of methodical provisions with respect to accounting. By the result of the study the author forms definition of the qualification asset as an asset which requires considerable time for its creation, preparation for target use, sales or acquisition of the ownership right. Capitalisation of such expenditures would allow non-reduction of the accounting income and also would provide a possibility to reflect financial expenditures in accordance with their economic essence.
Authors and Affiliations
Nataliya Nikolenko
Keywords
Related Articles
- EP ID EP88130
- DOI -
- Views 123
- Downloads 0
Analysis of Existing Techniques and Methods of Financial Analysis of Activity of Economic Subjects
Modern scientists describe a big variety of techniques and methods of financial analysis of economic subjects, which have their specific features. Today, various Ukrainian departments and ministries provide a big number...
Socialisation of Economy and Labour Potential of a Production Organisation
The article considers modern tendencies of humanisation of labour and socialisation of economy. It identifies content and essence of such notions as social - qualitative characteristic of collectives - and socialisation...
Evaluation of the Relationship Between the Intensity of the Banking Activities Regulation and the Profitability of Individual Banks
The article carries out an evaluation of the relationship between the intensity of regulation of banking activities and the profitability of individual banks. The survey included 110 banks from 6 countries (Ukraine, Pola...
Methodical Approach to Development and Implementation of Target Comprehensive Programs for Increase of Competitiveness of the Region
In the article the methodical going about development and realization of the having a special purpose complex programs in relation to the increase of competitiveness of region is offered, requirements to the government h...
Household Incomes and Costs as Sources of the Country's Flexible Development
The article analyzes the degree of influence of individual types of the households' financial resources in Ukraine on the stages of formation and use of incomes for provision of economic growth, taking into account the f...