Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Related parties and it's methodology of accounting
Available online: 15 December 2013 Subject Heading: PROBLEMS OF ACCOUNT JEL Classification:
Worldwide one of the most common forms of business entities are corporations, or so-called corporative groups, which are the groups of interrelated and interdependent entities or related parties. The related parties' relationships influence on the financial position and performance results of all organizations in the group. The article clarifies the methodology of accounting of related parties and makes proposals by the introduction into the Chart of account 2001 а new synthetic account 78 "Related parties" to reduce the working hours and time-consuming for the preparation of financial statements and its related parties' disclosures. Keywords: related parties; parent company; subsidiary, jointly controlled entity, close members of the key management personnel |
ISSN 2311-9381 (Online)
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