Kulikova L.I.Kazan (Volga Region) Federal University, Kazan, Republic of Tatarstan, Russian Federation 777phd@rambler.ru
Importance The research examines the economic substance of corporate assets so to recognize them as an item for accounting observation, and present in financial statements. Objectives In forming statistical and dynamic balance sheet, I analyze historical experience and views on corporate assets, relying upon legal and economic concepts. Methods The methodological framework includes proceedings of renowned Russian scholars of the early 20th century. The results are verified with such methods as analysis and synthesis, observation, comparison and logic generalization. Results The Russian entities are proved to form their balance sheets on the basis of the economic concept of statistical balance sheet. In the mean time, financial reporting under IFRS is usually based on the dynamic balance sheet. Conclusions and Relevance To recognize assets and form statistical and dynamic balance sheets, it is necessary to rely upon on legal and economic concepts. When assets are recognized in the balance sheet, it would be reasonable to adhere to the economic concept of dynamic balance sheet. The carrying value of assets should be assessed in line with future income, which those assets will generate.
Rudanovskii A.P. Printsipy obshchestvennogo schetovedeniya [Principles of public accounting]. Moscow, Makiz Publ., 1925, 271 p.
Sokolov Ya.V. Osnovy teorii bukhgalterskogo ucheta [Fundamentals of the accounting theory]. Moscow, Finansy i Statistika Publ., 2000, 496 p.
Tsygankov K.Yu. Nachala teorii bukhgalterskogo ucheta, ili Balans, scheta i dvoinaya zapis': monografiya [Principles of the accounting theory, or Balance Sheet, accounts and double-entry: a monograph]. Moscow, Magistr, INFRA-M Publ., 2011, 384 p.
Medvedev M.Yu. Obshchaya teoriya ucheta: estestvennyi, bukhgalterskii i komp'yuternye metody [The general theory of accounting: natural, accounting and computer methods]. Moscow, Delo i Servis Publ., 2001, 752 p.
Richard J. Bukhgalterskii uchet: teoriya i praktika [Bookkeeping: Theory and Practice]. Moscow, Finansy i Statistika Publ., 2000, 160 p.
Oberbrinkmann F. Sovremennoe ponimanie bukhgalterskogo balansa [Statische und dynamische Interpretation der Handelsbilanz]. Moscow, Finansy i Statistika Publ., 2003, 416 p.
Kulikova L.I. Uchet osnovnykh sredstv: sovremennaya kontseptsiya i tendentsii razvitiya [Accounting of fixed assets: the contemporary concept and development trends]. Kazan, KFEI Publ., 2000, 308 p.
Nikolaev I.R. Problemy real'nosti balansa [Issues of the balance sheet authenticity]. Leningrad, Ekonomicheskoe obrazovanie Publ., 1926, 109 p.
Utekhin N. Sel'skokhozyaistvennoe schetovodstvo [Agricultural accounting]. St. Petersburg, Izdanie A.F. Devriena Publ., 1897, 291 p.
Palii V.F. Teoriya bukhgalterskogo ucheta: sovremennye problemy [The theory of accounting: contemporary issues]. Moscow, Bukhgalterskii uchet Publ., 2007, 88 p.
Hendriksen E.S., Van Breda M.F. Teoriya bukhgalterskogo ucheta [Accounting Theory]. Moscow, Finansy i Statistika Publ., 1997, 571 p.
Needles B., Caldwell J., Anderson H. Printsipy bukhgalterskogo ucheta [Principles of Accounting]. Moscow, Finansy i Statistika Publ., 1999, 496 p.
Mathews M.R., Perera M.H.B. Teoriya bukhgalterskogo ucheta [Accounting Theory and Development]. Moscow, Audit, YUNITI Publ., 1999, 663 p.
Kulikova L.I., Semenikhina N.B. Aktuarnyi balans i ispol'zovanie ego dannykh dlya otsenki finansovogo polozheniya predpriyatiya kak imushchestvennogo kompleksa: monografiya [Actuarial balance sheet and the use of its data to evaluate the financial position of the entity as a property complex: a monograph]. Moscow, Nauchnaya biblioteka Publ., 2013, 88 p.
Barats S.M. Kurs dvoinoi bukhgalterii [The course of double entry bookkeeping]. St. Petersburg, Tipografiya M.M. Stasyulevicha Publ., 1905, 681 p.
Bernstein L.A. Analiz finansovoi otchetnosti: teoriya, praktika i interpretatsiya [Analysis of Financial Statements]. Moscow, Finansy i Statistika Publ., 1996, 624 p.
Arinushkin N.S. K voprosu ob analize balansa: konspektivnoe izlozhenie [On the analysis of the Balance Sheet: a concise description]. Samara, Izdanie ob"edineniya rabotnikov ucheta pri Samarskom gubotdele soyuza sovtorgsluzhashchikh Рubl., 1927, 103 p.
Stotskii V.I. Balans promyshlennogo predpriyatiya i ego analiz [The balance sheet of the industrial enterprise and its analysis]. Moscow, Leningrad, OGIZ, Gosudarstvennoe izdatel'stvo politicheskoi literatury Publ., 1941, 127 p.
