Home  Journals  International Accounting  28(226) - 2012 July

Accounting principles determining use of professional accountant judgment in the conditions of transition to International Financial Reporting Standards

Available online: 25 July 2012

Subject Heading: Account problems

JEL Classification: 

Platform of creation of the mechanism of formation of registration information within the International Financial Reporting Standard (IFRS) are principles. In the article principles and qualitative characteristics to which should conformed registration information are presented and analyzed, and also it is revealed that in practice the compromise between qualitative characteristics is often necessary. Relative importance of characteristics in various cases is a business of professional judgment of the accountant.

Keywords: accounting models, principles, going - concern concept, accrual, substance over form, qualitative characteristics of the information, professional accounting judgment, the international standards

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

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