Ol’ga R. KONDRASHOVACheboksary Cooperative Institute, Branch of Russian University of Cooperation, Cheboksary, Chuvash Republic, Russian Federation olga_kondrashova_74@mail.ru ORCID id: not available
Roza S. NIKANDROVACheboksary Cooperative Institute, Branch of Russian University of Cooperation, Cheboksary, Chuvash Republic, Russian Federation r.s.nikandrova@ruc.su ORCID id: not available
Subject. This article examines the issues related to the methodology of accounting for construction activities in terms of disclosing the particularities of revenue and expense recognition in conditions of production of varying duration. Objectives. The article aims to find justifications for recognizing income from the short cycle when using its products in long-term construction of a real estate project. Methods. For the study, we used induction and deduction, analysis and synthesis, modeling, comparison, extrapolation, as well as logical, functional and targeted, and analogical approaches. Results. The article finds that construction business organizations often face the methodological problem of determining a reliable financial result from their activities, which is related to their operation in several areas, the production cycles of which differ significantly in duration. Accounting standards offer tried-and-true methodologies. However, an ambiguous situation arises regarding a finished product from a short cycle that is consumed in a cycle with a long period of readiness and sale. Conclusions and Relevance. The results of studying the issue of accounting for activities of varying duration for the purpose of calculating financial results have practical significance, and also raise a methodological scientific problem regarding the insufficiency of regulation in accounting standards for complex business situations.
Keywords: accounting, construction activities, production cycle, financial results, equity participation
References:
Suslova Yu.A. [Shared-equity construction: accounting and taxation]. Bukhgalterskii uchet, 2009, no. 5, pp. 46–50. (In Russ.) EDN: TKOEEN
Panasyuk Yu.V. [Features of accounting of participants in the process of investments in shared-equity construction]. Uchet, analiz i audit: problemy teorii i praktiki, 2012, no. 9, pp. 117–121. (In Russ.) EDN: TAQVDF
Mitina N.I., Myalkina A.F. [Features of accounting and taxation of transactions under the agreement on shared-equity participation in construction]. Uchenye zapiski Tambovskogo regional'nogo otdeleniya Vol'nogo ekonomicheskogo obshchestva Rossii, 2015, vol. 16, no. 1-2, pp. 157–162. (In Russ.) EDN: YODJTE
Yashunova A.A. [Equity construction of real estate and problems of accounting]. Bukhuchet v stroitel'nykh organizatsiyakh, 2019, no. 7, pp. 33–40. (In Russ.) EDN: RPTTOJ
Chesnokova E.A., Shvyreva E.E., Naumova M.N. [Research of modern trends in the realization of real estate projects, taking into account shared construction]. Stroitel'stvo i nedvizhimost', 2021, no. 2, pp. 98–103. (In Russ.) EDN: RJLLBG
Ivashko Ya.V. [Specific features of accounting in share house building]. Vestnik Leningradskogo gosudarstvennogo universiteta im. A.S. Pushkina, 2010, vol. 6, no. 2, pp. 29–45. (In Russ.) EDN: RLYCJV
Sharafutina S.F. [Accounting of assets, received by property developer from shared construction participants]. Sovremennye problemy nauki i obrazovaniya, 2011, no. 5, p. 121. (In Russ.) EDN: OQDPPV
Adamov N.A., Kastuev A.S. [Problems of normative legal regulation of accounting and taxation in shared-equity construction]. Stroitel'stvo: nalogooblozhenie, bukhuchet, 2004, no. 1, pp. 7–9. (In Russ.) EDN: RYWQLT
Grinemaer E.A. [Construction of facilities with the involvement of funds of equity holders]. Nalogi i finansovoe pravo, 2019, no. 6, pp. 106–121. (In Russ.) EDN: TNDEVP
Safonova M.F., Marchenko Yu.V. [Debating points of accounting to reflect escrow account transactions by the developer organization]. Mezhdunarodnyi bukhgalterskii uchet, 2021, vol. 24, iss. 4, pp. 438–458. (In Russ.) DOI: 10.24891/ia.24.4.438 EDN: UUTXZO
Surikova E.A., Krainova I.M., Konovalova E.A. [Current aspects of accounting for a developer working with escrow accounts]. Ekonomika i biznes: teoriya i praktika, 2020, no. 11-3, pp. 120–123. (In Russ.) DOI: 10.24411/2411-0450-2020-10983 EDN: YGOKML
Kerimov V.E., Mozhina E.L. [Improving the methodology for calculating and accounting for the escrow effect by developers based on the requirements of IFRS]. Ekonomicheskie sistemy, 2024, vol. 17, no. 3, pp. 96–111. (In Russ.) DOI: 10.29030/2309-2076-2024-17-3-96-111 EDN: FJKCHX
Eshchenko S.A. [The formation of incomes and expenses by the developer in the joint construction in the mixed conditions of the contract]. Bukhgalterskii uchet i analiz, 2015, no. 9, pp. 15–21. (In Russ.) EDN: YPXLCN
Krainova I.M., Surikova E.A., Kosorukova E.A., Aksenenko A.S. Formirovanie finansovykh rezul'tatov deyatel'nosti organizatsii-zastroishchika: monografiya [Formation of financial results of the developer organization's activities: a monograph]. Novosibirsk, Siberian State University of Water Transport Publ., 2021, 91 p. EDN: NBTIXR
Petrova V.Yu. [Accounting for construction contracts]. Bukhgalterskii uchet, 2017, no. 9, pp. 31–42. (In Russ.) EDN: ZEFOKL
Chuiko E.A., Zimakova L.A. [The construction contract costs recognition and accounting algorithm]. Upravlencheskii uchet, 2022, no. 12-2, pp. 425–432. (In Russ.) DOI: 10.25806/uu12-22022425-432 EDN: ZTCMYS
Kamilova R.Sh., Murtilova K.M.K. [Accounting of construction contracts under IFRS and RAS]. Upravlencheskii uchet, 2022, no. 9-3, pp. 338–345. (In Russ.) EDN: ATYDQA
