International Accounting
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

Principles of accounting for internal bond issues: international standards

Vol. 18, Iss. 12, MARCH 2015

Available online: 3 June 2015

Subject Heading: INTERNATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: 

Pages: 2-12

Kuz'min A.Yu. Financial University under Government of Russian Federation, Moscow, Russian Federation
a_kuzmin@rambler.ru

Subject Under current conditions, Russian corporations and banks seek to expand both the types of corporate borrowings to diversify the entire financial resource base and sources of funding and the volume of borrowings in debt capital markets. Securities business in Russian and international stock exchanges entails toughening the requirements to reliability of information reported in financial statements during their preparation and auditing. First, the above applies to financial instruments in the form of borrowed capital, and debt securities, in particular. Therefore, it is crucial to improve science-based accounting and valuation tools when preparing financial statements under International Financial Reporting Standards.
     Methods
In the study, I used quantitative finance models, complementary methodological approaches, like system, dynamic, and situational analyses, tabular interpretation of informational and procedural materials.
     Results I have developed an accounting and valuation procedure for debt securities with a complex and highly irregular structure of payments (in particular, internal corporate bond issues), based on amortized cost and effective interest methods.
     Conclusions and Relevance
The developed application-oriented tools include models, algorithms and recommendations. They may enhance the reliability of accounting and reporting information, and be useful for accounting departments of many organizations (financial and non-financial institutions), domestic debt market participants in the process of IFRS-based financial statements preparation.

Keywords: accounting, IАS, IFRS, debt financial instruments, bonds, amortized cost, fair value

References:

  1. Berg O. Konsolidirovannaya finansovaya otchetnost' [Consolidated financial statements]. Available at: Link. (In Russ.) (accessed 03.09.2014)
  2. Breslavtseva N.A., Karashchenko V.V., Proskurina V.A., Mar'yanova S.A. Uchet finansovykh instrumentov i investitsii v sootvetstvii s MSFO i PBU: metodologicheskie problemy i razlichiya [Accounting for financial instruments and investments under IFRS and RAS: methodological problems and differences]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 5, pp. 2–8.
  3. Gerasimova L.N., Seredyuk E.A. Sovershenstvovanie ucheta finansovykh instrumentov kak napravlenie razvitiya infrastruktury ekonomicheskogo rosta [Improving the accounting treatment of financial instruments as the area for developing the economic growth infrastructure ]. Audit i finansovyi analiz = Audit and Financial Analysis, 2011, no 4, pp. 41–47.
  4. Get'man V.G., Grishkina S.N., Rozhnova O.V., Safonova I.V., Sidneva V.P. Kontseptual'nye i metodicheskie podkhody k otsenke uchetnykh ob"ektov po spravedlivoi stoimosti: monografiya [Conceptual and methodological approaches to accounting items measurement at fair value: a monograph]. Moscow, Financial University Publ., 2013, 150 p.
  5. Druzhilovskaya T.Yu., Druzhilovskaya E.S., Korshunova T.N. Istoricheskie aspekty formirovaniya trebovanii k uchetnoi politike i otsenke ob"ektov ucheta [Historical aspects of formulating the requirements to accounting policy and valuation of accounting items]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 18, pp. 10–22.
  6. Ilysheva N.N., Neverova O.S. Spravedlivaya stoimost' kak metod otsenki: nastoyashchee i budushchee [Fair value as an evaluation method: the present and the future]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2010, no. 7, pp. 10–22.
  7. Konsul'tatsionnyi proekt mezhdunarodnoi struktury IR: integrirovannaya otchetnost' [Consultation Draft of the International Framework: Integrated Reporting]. Available at: Link. (In Russ.) (accessed 19.03.2015)
  8. Kuz'min A.Yu. Otsenka i uchet finansovykh instrumentov v sootvetstvii s MSFO [Measuring and accounting for financial instruments under IFRS]. Moscow, Higher School of Finance and Management RANEPA Publ., 2010, 109 p.
  9. Kuz'min A.Yu. Protsedura ucheta vneshneekonomicheskikh dogovorov, imeyushchikh priznaki khedzhirovaniya rezul'tatov proizvodstvennoi deyatel'nosti, v sootvetstvii s MSFO [An accounting procedure for foreign trade agreements with signs of hedging the results of production activities under IFRS]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 18, pp. 2–9.
  10. Kuz'min A.Yu. Uchet uderzhivaemykh do pogasheniya dolgovykh finansovykh investitsii v sootvetstvii s MSFO [Accounting for held-to-maturity debt financial investments under IFRS]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 33, pp. 2–11.
  11. Lugovskoi D.V., Abrosimova Yu.A. Finansovye obyazatel'stva kak element finansovoi otchetnosti: voprosy klassifikatsii i otsenki [Financial liabilities as an element of financial statements: classification and evaluation]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 1, pp. 8–15.
  12. Makushina E.Yu., Stefanskaya A.Yu. Vliyanie otsenki finansovykh aktivov po spravedlivoi stoimosti na finansovye rezul'taty kreditnykh organizatsii [The impact of measuring financial assets at fair value on financial results of credit institutions]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 5, pp. 15–27.
  13. Mezhdunarodnye standarty otsenki 2011 [International Valuation Standards 2011]. Available at: Link. (In Russ.) (accessed 19.03.2015)
  14. Mezhdunarodnye standarty finansovoi otchetnosti [International Financial Reporting Standards]. Moscow, Askeri Publ., 2013.
  15. Mezhdunarodnye standarty finansovoi otchetnosti [International Financial Reporting Standards]. Moscow, INFRA-M Publ., 2012, 559 p.
  16. Mezhdunarodnyi standart finansovoi otchetnosti (IFRS) 9 [International Financial Reporting Standard (IFRS) 9]. Available at: Link. (In Russ.) (accessed 19.02.2015)
  17. Order of the Ministry of Finance of the Russian Federation On Introduction of International Financial Reporting Standards (IFRS) and Interpretations of International Financial Reporting Standards in the Russian Federation of November 25, 2011 № 160н. (In Russ.) (accessed 22.02.2015)
  18. RF Federal Law On Consolidated financial statements of July 27, 2010 № 208-FZ. Available at: Link. (In Russ.) (accessed 22.02.2015)
  19. Order of the Ministry of Finance of the Russian Federation On Approval of Plan of the Ministry of Finance of the Russian Federation for development of accounting and reporting in the Russian Federation based on International Financial Reporting Standards and Interpretations of International Financial Reporting Standards for 2012–2015 of November 30, 2011 № 160n. (In Russ.) (accessed 19.03.2015)
  20. Chaldaeva L.A., Fedorenko I.N. Prakticheskie aspekty ispol'zovaniya finansovoi ekonometriki pri provedenii audita operatsii s tsennymi bumagami [Practical aspects of using financial econometrics in the auditing of transactions with securities]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2012, no. 2, pp. 48–54.

View all articles of issue

 

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

Journal current issue

Vol. 22, Iss. 8
August 2019

Archive