Home  Journals  International Accounting  22(172) - 2011 June

Whether enough the given account on IFRS for construction of effective system of the administrative account?

Available online: 11 June 2011

Subject Heading: ON THE WAY TO THE INTERNATIONAL STANDARDS

JEL Classification: 

In article similarities and distinctions of the financial and administrative account under the international standards are considered. Authors come to a conclusion that their basic similarity - completeness of reflection of incomes and expenses, and the basic difference - different degree of detailed elaboration of the information necessary for users. Thus use IFRS as a basis for construction of system of the administrative account has a number of conclusive advantages. But leaning only on IFRS, it is impossible to construct effective system of the administrative account as the international standards of the financial reporting remain only qualitative basis to which hasn't enough for the decision of this problem.

Keywords: the administrative account, IFRS, efficiency of activity, the financial reporting, information detailed elaboration, incomes, expenses

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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