+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
International Accounting
 

Systematization of information on other revenues and expenses in corporate reporting

Vol. 19, Iss. 24, DECEMBER 2016

PDF  Article PDF Version

Received: 15 July 2016

Received in revised form: 29 July 2016

Accepted: 12 August 2016

Available online: 23 December 2016

Subject Heading: NATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: M41

Pages: 39-49

Sapozhnikova N.G. Voronezh State University, Voronezh, Russian Federation
sapozh@yandex.ru

Sokolov A.A. PAO NLMK, Lipetsk, Russian Federation
sokolov_aa@nlmk.ru

Importance It is crucial that corporate reporting presents fairly the financial results of the group in the reporting period, so that users make sound economic decisions. Documented and organized information about financial results is generated based on the registration of facts of economic life that reflect revenues and expenses from ordinary activities and other revenues and expenses. The article examines the composition of other revenues and expenses on the case study of a specific corporation, and proposes relevant forms of corporate reporting.
Objectives We review problems related to systematization of information on other revenues and expenses in corporate reporting. The purpose is to develop forms of internal and external corporate reporting that would show the composition of other revenues and expenses of corporations and enable to provide information to support the analysis and control of expenses, reduce them, and thus increase the financial result.
Methods The study draws upon methods of comparison, absolute and relative values, time series, and others.
Results The information on other revenues and expenses is systematized in the registers and forms of corporate reporting that are prepared based on source accounting documents. The developed registers and forms of corporate reporting are included in the regulation on accounting policy of the corporation.
Conclusions and Relevance The offered forms of internal and external corporate reporting that reveal the composition of other revenues and expenses enable to generate information to support their analysis and control, and design measures to increase the financial result of the corporation.

Keywords: revenue, expense, ordinary activities, other corporate revenues and expenses, valuation reserves

References:

  1. Bakaev A.S., Shneidman L.Z. Uchetnaya politika predpriyatiya [Accounting policy of the enterprise]. Moscow, Bukhgalterskii uchet Publ., 1994, 112 p.
  2. Bryzgalov D.V. Dokumenty MFO dlya otcheta pered Bankom Rossii: uchetnaya politika MFO [Documents of a microfinance organization to report to the Bank of Russia: Accounting policies of a MFO]. Moscow, Reglament-Media Publ., 2016, 90 p.
  3. Kas'yanova G.Yu. Uchetnaya politika: bukhgalterskaya i nalogovaya [Accounting policies for accounting and tax purposes]. Moscow, ABAK Publ., 2016, 192 p.
  4. Kondrakov N.P. Uchetnaya politika organizatsii na 2012 god: v tselyakh bukhgalterskogo, finansovogo, upravlencheskogo i nalogovogo ucheta [Accounting policies of an organization for 2012: For management, financial and tax accounting purposes]. Moscow, Eksmo-Press Publ., 2011, 208 p.
  5. Krutyakova T.L. Uchetnaya politika 2016: bukhgalterskaya i nalogovaya [Accounting policies 2016: For accounting and tax purposes]. Moscow, AiSi Grupp Publ., 2016, 215 p.
  6. Lugovskii D.V. [Accounting policies and estimates: The essence, content, relationship]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika = Bulletin of Adyghe State University, Series Economics, 2014, no. 2, pp. 98–106. (In Russ.)
  7. Rasskazova-Nikolaeva S., Kalinina E., Samoilyuk O. Uchetnaya politika 2012 [Accounting policies 2012]. St. Petersburg, Piter Publ., 2012, 272 p.
  8. Sakhchinskaya N.S. Ekonomicheskaya bezopasnost' biznesa i uchetnaya politika predpriyatiya: monografiya [Economic safety of business and accounting policies of the enterprise: a monograph]. Samara, Samara Academy for Humanities Publ., 2015, 183 p.
  9. Bashkatova L.I. [Formation and use of additional paid-in capital]. Bukhgalterskii uchet = Accounting, 2012, no. 4, pp. 18–21. (In Russ.)
  10. Osipenkova O.Yu., Sotnikova L.V. [Requirements for explanatory notes to financial statements]. Bukhgalterskii uchet = Accounting, 2012, no. 4, pp. 93–99. (In Russ.)
  11. Polenova S.N. Organizatsiya uchetno-informatsionnogo obespecheniya biznesa: monografiya [Organization of accounting and business information management: a monograph]. Moscow, Rusains Publ., 2015, 202 p.
  12. Antanenkova E.I. [Organization’s bad debts]. Bukhgalterskii uchet = Accounting, 2012, no. 8, pp. 121–124. (In Russ.)
  13. Lebedeva V.I. [Provisions for inventory depreciation]. Bukhgalterskii uchet = Accounting, 2014, no. 8, pp. 37–41. (In Russ.)
  14. Mokhovikova V.I. [Disclosure of reserves in financial statements]. Bukhgalterskii uchet = Accounting, 2016, no. 3, pp. 88–98. (In Russ.)
  15. Nikolaeva S.A. [Accounting for bad debt provision]. Bukhgalterskii uchet = Accounting, 2015, no. 12, pp. 31–36. (In Russ.)
  16. Petrova V.Yu. [Allowance for impairment of financial investments]. Bukhgalterskii uchet = Accounting, 2014, no. 8, pp. 27–29. (In Russ.)
  17. Gushchin A.V. [Accounting for valuation reserves]. Bukhgalterskii uchet = Accounting, 2012, no. 1, pp. 113–117. (In Russ.)
  18. Antanenkova E.I. [Income and expenses of prior periods]. Bukhgalterskii uchet = Accounting, 2012, no. 2, pp. 16–22. (In Russ.)
  19. Vrublevskii N.D., Eidinov A.M. [Final accounting entries in accounts for sales, other income and expenses]. Bukhgalterskii uchet = Accounting, 2012, no. 5, pp. 91–97. (In Russ.)
  20. Sapozhnikova N.G. Bukhgalterskii uchet [Accounting]. Moscow, KnoRus Publ., 2016, 464 p.

View all articles of issue

 

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

Journal current issue

Vol. 27, Iss. 3
March 2024

Archive