Subject. This article examines the particularities of the formation and analytical capabilities of a main form of accounting (financial) reporting, namely the Statement of Financial Results of public and commercial sector organizations, including the applicability of foreign standards, methods of economic analysis, etc. Objectives. The article aims to substantiate recommendations for the development of information and analytical capabilities of the Statement of Financial Results of public and commercial sector organizations based on a critical assessment of the positions of domestic researchers, analysis of Russian and foreign accounting and reporting standards. Methods. For the study, we used the methods of analysis, grouping, comparison and generalization. Results. Based on the review of the main approaches presented in the research of domestic authors on the stated topic, taking into account the provisions of Russian and foreign accounting standards and financial reporting, a comparison of the articles of the Statement of Financial Results and the procedure for their formation by public sector institutions and commercial organizations was carried out. The article presents the author-developed proposals to improve the analyticity of the Statement of Financial Results both for budgetary and autonomous institutions, and for commercial organizations. Conclusions. Differences in the requirements for the formation of information in the Statement of Financial Results contained in the regulatory enactments for the public and commercial sectors can be used to develop recommendations to improve the analytical nature of the information presented in it, ensuring the depth and accuracy of the results of economic analysis.
Keywords: profit and loss statement, formation of accounting (financial) statements, analytical capabilities of accounting statements, public sector organizations, business organizations
References:
Druzhilovskaya E.S. [Development of rules for compiling the report on financial results of commercial and non-commercial organizations according to RAS and their correlation with IFRS approaches]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2020, no. 6, pp. 2–11. (In Russ.)
Zherdeva O.V., Nebavskaya T.V., Buketova M.A., Khakhaleva E.A. [Statement of financial results in accordance with RAS and IFRS]. Vestnik Akademii znanii = Vestnik of the Academy of Knowledge, 2023, no. 2, pp. 79–82. URL: Link (In Russ.)
Kesyan S.V., Kuznetsova N.V., Chubareva A.V., Anan'eva M.V. [Statement of financial results: comparison Russian and international requirements]. Estestvenno-gumanitarnye issledovaniya = Natural-Humanitarian Research, 2022, no. 39 (1), pp. 413–419. URL: Link (In Russ.)
Soldatkina O.A., Popova D.A. [Report on financial results: past, present and future]. Vestnik Khabarovskogo gosudarstvennogo universiteta ekonomiki i prava, 2022, no. 3, pp. 61–64. (In Russ.)
Arskaya E.V., Usatova L.V., Kolesnikova T.A. [A methodology of analysis of financial performance of the organization based on the data of the report on financial results]. Belgorodskii ekonomicheskii vestnik, 2019, no. 3, pp. 203–209. (In Russ.) URL: Link
Leonova E.I. [International practices of financial planning and analysis of financial performance of organizations: features and main trends]. Vestnik Grodnenskogo gosudarstvennogo universiteta imeni Yanki Kupaly. Seriya 5. Ekonomika. Sotsiologiya. Biologiya = Vesnik of Yanka Kupala State University of Grodno. Series 5. Economics. Sociology. Biology, 2019, vol. 9, no. 1, pp. 26–34. (In Russ.)
Tyupakova N.N., Adamyan V.A., Gein P.E., Nechaev V.A. [Factor analysis methodology in assessing the financial results of the organization's activities]. Vestnik Akademii znanii = Vestnik of the Academy of Knowledge, 2022, no. 51, pp. 311–318. (In Russ.) URL: Link
Bryukhanenko I.A. [On convergence of Russian accounting statements and financial statements made according to international standards]. Vestnik Omskogo universiteta. Seriya: Ekonomika = Herald of Omsk University. Series: Economics, 2008, no. 4, pp. 19–21. URL: Link (In Russ.)
Zavolochkina L.Yu. [Principles of the financial (accounting) reporting formation according to the international accounting standards and the Russian accounting standards]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2010, no. 1, pp. 192–197. URL: Link (In Russ.)
Gusarova L.V. [US GAAP requirements for the formation of financial statements of non-profit organizations]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2011, vol. 14, iss. 10, pp. 8–11. URL: Link (In Russ.)
Fedchenko E.A. [Analysis of the Russian and international public sector accounting standards to assess the effectiveness of the State (municipal) institutions]. Bukhgalterskii uchet i nalogooblozhenie v byudzhetnykh organizatsiyakh = Accounting and Taxation in Budget Organizations, 2016, no. 5, pp. 46–63. (In Russ.)
Kulikova L.I., Yakhin I.I. [First-time adoption of International Public Sector Accounting Standards by Russian universities: Practical aspects]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2020, vol. 23, iss. 4, pp. 364–383. (In Russ.) URL: Link
Yakhin I.I. [Preparing information on the financial situation by Russian educational organizations of higher education, according to International Public Sector Accounting Standards]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2020, vol. 23, iss. 10, pp. 1099–1120. (In Russ.) URL: Link
Blinova N.Yu. [IFRS OS: fundamental differences from the Russian standards of accounting of public sector organizations]. Sovetnik bukhgaltera gosudarstvennogo i munitsipal'nogo uchrezhdeniya, 2014, no. 11, pp. 58–62. (In Russ.) URL: Link
Shogenov B.A., Bakaeva Z.R. [Variability of accounting information, accounting methodology and financial reporting]. Upravlenie ekonomicheskimi sistemami: elektronnyi nauchnyi zhurnal, 2019, no. 11, 39 p. (In Russ.)
Remizova A.A., Yagodina N.V. [Procedure of formation of accounting reports of commercial organizations: application of requirements according to the draft FSBU 4/20_ – Accounting Reporting of the Organization]. Aktual'nye voprosy sovremennoi ekonomiki = Actual Issues of Modern Economics, 2022, no. 12, pp. 36–45. (In Russ.) URL: Link#