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International Accounting
 

Financial capital: Accounting procedures and the comments

Vol. 21, Iss. 8, AUGUST 2018

PDF  Article PDF Version

Received: 14 June 2018

Received in revised form: 24 July 2018

Accepted: 30 July 2018

Available online: 15 August 2018

Subject Heading: INTERNATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: M40, М41

Pages: 887–903

https://doi.org/10.24891/ia.21.8.887

Plotnikov V.S. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation
vcplotnikov@yandex.ru

https://orcid.org/0000-0001-7214-1847

Plotnikova O.V. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation
vcplotnikov@yandex.ru

https://orcid.org/0000-0002-2384-6418

Bezhan M.V. Plekhanov Russian University of Economics, Sevastopol Branch, Sevastopol, Russian Federation
mm180883@mail.ru

https://orcid.org/0000-0002-1570-1091

Subject This article develops the theoretical basis and conceptual principles of the business accounting model, which form a common system of guidelines for recognition and reflection of elements of the value of financial capital in integrated reporting.
Objectives The article aims to prove the expediency of using the concept of maintaining financial capital when it gets transformed into other types of capital.
Methods The research methodology is based on the economic theories of positive and normative economies using the methods of observation, abstraction, deduction and induction, and statistical analysis of economic phenomena.
Results The article proposes to consider financial assets like cash, equity instruments of another enterprise, and contractual law stipulated by the contract, as the elements of financial capital. They determine its value stock. Goodwill is part of the cost of long-term financial instruments rather than an intangible asset. The receivables reflect the monetized part of the value stock of the financial capital.
Relevance The significance of the research is confirmed by the resulted accounting procedures of consistent reflection in the business accounting model of operations on the formation of the stock value of financial capital and the determination of specific techniques.

Keywords: business accounting, integrated reporting, model, finance asset cost, monetary assets and liabilities, cash resources capitalization, accounting procedures

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