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
References:
Sokolov Ya.V. [Classification of methodological directions in economic science]. Vestnik Sankt-Peterburgskogo universiteta. Seriya 5. Ekonomika = Vestnik of St. Petersburg University. Series 5. Economics, 2006, iss. 1, pp. 19–30. URL: Link (In Russ.)
Butynets T.A. [Problems of determining the limits of the study of the facts of economic life]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2011, vol. 14, iss. 29, pp. 51–60. URL: Link (In Russ.)
Sokolov Ya.V., Bychkova S.M. [Accounting as a method of conceptual reconstruction of business processes]. Bukhgalterskii uchet = Accounting, 2003, no. 15, pp. 62–67. URL: Link (In Russ.)
Slozhenikina Yu.V. [The term: real as life (why term can and should have variants)]. Informatsionnyi gumanitarnyi portal: Znanie. Ponimanie. Umenie, 2010, no. 5. (In Russ.)
Eliseeva I.I., Sokolov Ya.V. [Financial results and their validity]. Voprosy Ekonomiki, 2010, no. 10, pp. 90–100. (In Russ.) URL: Link
Eliseeva I.I., Sokolov Ya.V. [The role of the category of time in economic analysis]. Trudy ob"edinennogo nauchnogo soveta po gumanitarnym problemam i istoriko-kul'turnomu naslediyu, 2005, vol. 2004, pp. 88–100. (In Russ.)
Suvorov A.V. [Events after the reporting date]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2005, no. 3, pp. 31–36. URL: Link (In Russ.)
Bardina I.V. [Events after the reporting date: benchmarks materiality for accounting]. Vestnik Universiteta, 2019, no. 12, pp. 102–106. (In Russ.) URL: Link
Ezhek D.Yu. [Accounting and tax effects of events after the reporting date]. Nalogovaya politika i praktika = Tax Policy and Practice, 2014, no. 7, pp. 48–54. (In Russ.)
Bugaev A.V. [The practice of preparing notes on disclosures of events after the reporting date]. MSFO, 2017, no. 3, pp. 7–11. (In Russ.)
Kanevskii S.V. [The practice of preparing notes on disclosures of events after the reporting date]. Korporativnaya finansovaya otchetnost'. Mezhdunarodnye standarty, 2013, no. 1, pp. 62–69. URL: Link (In Russ.)
Kanevskii S.V. [Examples of disclosure of information on country, political and economic risks in IFRS reporting]. Korporativnaya finansovaya otchetnost'. Mezhdunarodnye standarty, 2015, no. 8, pp. 62–69. URL: Link (In Russ.)
Kuter M.I., Lugovskoi D.V. [Conventional facts of economic life – New or well-forgotten old?]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2005, no. 21, pp. 23–30. URL: Link (In Russ.)
Eremeeva O.S. [Accounting of future events in federal standards]. Auditor, 2018, vol. 4, no. 8, pp. 23–29. (In Russ.) URL: Link
Eremeeva O.S. [Implementation of the requirements for accounting for future events in the elements of the accounting policy of the enterprise]. Evraziiskoe Nauchnoe Ob"edinenie = Eurasian Scientific Association, 2018, no. 9-2, pp. 67–69. URL: Link (In Russ.)
Sokolov Ya.V. Istoriya razvitiya bukhgalterskogo ucheta [The history of accounting development]. Moscow, Finansy i statistika Publ., 1985, 385 p.
Sokolov Ya.V. Ocherki po istorii bukhgalterskogo ucheta [Essays on the history of accounting]. Moscow, Finansy i statistika Publ., 1991, 399 p.
