Home  Journals  International Accounting  23(317) - 2014 June

Disclosure for analysis of financial status of commercial organizations in the financial statements

Available online: 21 June 2014

Subject Heading: REFORMATION OF REPORTING

JEL Classification: 

Pages: 39-49

The relevance of the article highlights the need to disclose information to analyze the financial status of commercial organizations in the financial statements. The work shows the importance of the main reporting forms, applications and explanations to them for the analytical procedures. The author stresses the need for detailed information to analyze the financial standing of commercial organizations in the financial statements with the aim to enhancing its analytical nature.

Keywords: analysis, financial status, tax and accounting, financial statements, financial risks, detailed information, disclosure

References:

1. Zonova A.V., Adamaitis L.A., Bachurinskaia I.N. Bukhgalterskii uchet i analiz. Kompleksnyi podkhod k priniatiiu upravlencheskikh reshenii: prakticheskoe rukovodstvo [Accounting and analysis. An integrated approach to making management decisions: a practical guide]. Moscow, Eksmo Publ., 2009.
2. Markar'ian E. A. Ekonomicheskii analiz khoziaistvennoi deiatel'nosti [Economic analysis of economic activity]. Moscow, KnoRus Publ., 2010.
3. Information of the Ministry of Finance of the Russian Federation of № PZ-10/2012 “On the Entry into effect starting from January 01, 2013 of the Federal Law “On Accounting” of December 06, 2011 № 402-FZ”.
4. Information of the Ministry of Finance of the Russian Federation № PZ-9/2012 “On Disclosure of information on risks of economic activity of an organization in annual accounting reports”.
5. Letter of the Ministry of Finance of the Russian Federation “On Composition of financial statements submitted by the subject of small business” of April 03, 2012 № 03-02-07/1-80.
6. Order of the Ministry of Finance of the Russian Federation “On the Forms of accounting reports of organizations” of July 02, 2010 № 66n.
7. The Federal Law of the Russian Federation “On Auditing” of December 30, 2008 № 307-FZ.
8. Order of the Ministry of Finance of the Russian Federation “Statements of cash flows (RAS 23/2011)” of February 02, 2011 № 11n.
9. Sokolov Ia.V. Osnovy teorii bukhgalterskogo ucheta [The basic theory of accounting]. Moscow, Finansy i statistika Publ., 2000.

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