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ИД «Финансы и кредит»






International Accounting

Methodological effect of events on the identification of business operation items

Vol. 25, Iss. 9, SEPTEMBER 2022

Received: 14 July 2022

Received in revised form: 1 August 2022

Accepted: 5 August 2022

Available online: 15 September 2022


JEL Classification: M42

Pages: 970–983


Elena Yu. ITYGILOVA Buryat State Agricultural Academy named after V.R. Philippov (Buryat SAA), Ulan-Ude, Republic of Buryatia, Russian Federation


Subject. This article deals with the issues of interpretation of scientific accounting terms Business Operation Item and Accounting Event, and the development of their theoretical content.
Objectives. The article aims to reconsider the term Business Operation Item, clarify the boundaries of its application and justification, taking into account the eventuality of the causes of its occurrence in the activities of the enterprise.
Methods. For the study, I used formal and logical methods, analysis and synthesis, induction and deduction, comparison, and analogy.
Results. The article presents an interpretation of the concept of Business Operation Item, taking into account the eventuality of the enterprise's life, defines the criterion for attributing events to the facts of economic life, the mechanism of influence of facts and events on accounting statements, their past, present and future state.
Conclusions and Relevance. Modern accounting is not focused on prospective assessments of the company's activities, is not related to the concept of economic development and forecasting. In this sense, the definition of the term Business Operation Item taking into account past, present and future events is an urgent issue. The results of the study can be used in the theoretical and practical adaptation of international financial reporting standards to domestic accounting traditions, as well as in order to develop accounting practices in the light of current and future events that affect the financial position, financial results and cash flow of the enterprise.

Keywords: business operation item, accounting event, financial results, accounting methodology, fairness of financial statements


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September 2022