Transposition of the Requirements of the EU Directive No. 2013/34/EC to the National Legislation of Ukraine
Journal Title: Бізнес Інформ - Year 2016, Vol 6, Issue
Abstract
The article is concerned with a generalization of the main differences between provisions of the Directive 2013/34/EC, the IFRS and the NAS and the development of provisions for the harmonization of Ukrainian legislation on accounting and financial reporting to standards of the European Union and the IFRS. It is substantiated, that Ukraine will continue to expand the use of IFRS. The features of the IFRS implementation into the domestic practice have been generalized. A critical analysis of the provisions of the EC Directive No. 2013/34/EC has been performed, both its positive aspects and its discussion points have been specified. A comparison of the basic options of the EC Directive, the IFRS and the NAS has been carried out. It has been proven that the adopted Directive adds a number of discrepancies with the IFRS. It has been concluded that an implementation of its provisions in the legislative field of Ukraine requires modernizing the existing Provisions (Standards) on Accounting clause towards closing the gap between the NAS and the IFRS, taking into account the requirements of the EU.
Authors and Affiliations
Tetyana Marenych
Keywords
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