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International Accounting
 

Presentation and disclosure of information on receivables in the accounting (financial) statements of commercial organizations

Vol. 25, Iss. 6, JUNE 2022

Received: 16 May 2022

Received in revised form: 25 May 2022

Accepted: 2 June 2022

Available online: 15 June 2022

Subject Heading: FINANCIAL ACCOUNTING

JEL Classification: М41

Pages: 628–645

https://doi.org/10.24891/ia.25.6.628

Lidiya I. KULIKOVA Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation
777phd@rambler.ru

https://orcid.org/0000-0001-7277-9971

Edvard S. GARYNTSEV Institute of Management, Economics and Finance, Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation
7gared7@gmail.com

ORCID id: not available

Subject. This article examines the current state and prospects for the formation and disclosure of information about receivables in accounting (financial) statements in accordance with the Russian accounting standards.
Objectives. The article aims to study the current practice of presenting information on receivables in the accounting (financial) statements of Russian organizations of various sectors of the economy and determine the main directions for improving the formation of information.
Methods. For the study, we used a comparative analysis, observation, comparison, and systematization.
Results. Based on a comparative analysis of the structure and content of the information provided in the reporting of thirty four Russian organizations engaged in various activities, the article identifies trends in improving the presentation and disclosure of data on accounts receivable.
Conclusions and Relevance. The article concludes that the structure and content of information on accounts receivable of various organizations are heterogeneous and depend on industry-specific characteristics. The significance of the study lies in the substantiation of the provision that in order to assess doubtful debt, it is necessary to conduct a thorough analysis of the solvency of the debtor and the probability of debt repayment, taking into account the historical and intended fulfillment of obligations by counterparties.

Keywords: accounts receivable, accounting statements, information, presentation, disclosure

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