SEARCH
 

Search

 

Результаты поиска 1 - 7 из 7
Начало | Пред. | 1 | След. | Конец


Accounting of short-term employee benefits according to IFRS 19

Kuvaldina T.B. Doctor of Economics, Professor, the Department of Finance, Credit, Accounting and Auditing, the Omsk State Transport University ( kuvaldina2004@mail.ru )

Journal: International Accounting, #42, 2013

In the article the features of the accounting of short-term remunerations are explained to workers according to the International Financial Reporting Standard (IAS) 19 "Remunerations to workers". Concrete examples on reflection understand the accounting of expenses on compensation; the remunerations to workers connected with acquisition of material stocks, fixed assets are presented.


IFRS 9: Estimation of expected credit losses and their recognition in financial reporting

Kuvaldina T.B. Omsk State Transport University (OSTU), Omsk, Russian Federation ( kuvaldina2004@mail.ru )

Lobachev E.V. Omsk State Transport University (OSTU), Omsk, Russian Federation ( jkljkl.24@mail.ru )

Journal: International Accounting, #4, 2019

Subject The article shows how expected credit losses can be recognized in financial statements in compliance IFRS 9 – Financial Instruments.
Objectives We articulate methodological principles and practical recommendations for disclosure of expected credit losses in financial statements in compliance with IFRS.
Methods The research involves methods of comparative analysis, generalization, comparison and observation.
Results We examine the main novelties of IFRS 9 – Financial Instruments and give a practicable example of complying with its requirements through the proposed technique for estimating the expected credit losses from a financial asset. Based on the tolerable simplification, we estimated the provisions and value of financial assets to be recognized in financial statements, including impairment without excessive costs.
Conclusions and Relevance We detected the main challenges companies will face implementing IFRS 9. The article sets out our suggestions for addressing the issues.


Managerial accounting for engineers and technicians: the nature and necessity

Kuvaldina T.B. Omsk State Transport University, Omsk, Russian Federation ( kuvaldina2004@mail.ru )

Journal: International Accounting, #14, 2015

Subject At present, almost all sectors of the Russian economy experience shortage in highly skilled engineering personnel and specialists able to explain the economic component of their proposals. The curriculum of Russian technical universities for future engineering and technical specialists does not include the Management Accounting discipline, which would provide knowledge in cost calculation and management.
     Objectives The major purpose of the study is to explore the nature and need for management accounting and its key components for engineering experts.
     Methods The research methodology includes analysis, comparison, systematization and synthesis of the modern academic and educational literature on the subject, and the sociological survey method, namely, questionnaires.
     Results I specify the users of information generated in the management accounting system, offer a model of the management accounting system of a commercial organization from the standpoint of its engineer users, and describe the tools of management accounting. The formulated proposals may be useful in practical work of accounting services, and the methodology-related materials - in the academic activity of higher educational institutions training technical and engineering experts.
     Conclusions and Relevance I conclude that the system of training the engineering and technical personnel requires reviewing. It is necessary to include the Management Accounting discipline in the principal educational program to provide engineers with cost calculation and management knowledge. The proposed model will improve the theoretical basis of management accounting and contribute to effective management of costs, expenses and revenues to streamline business operations, maximize profits and enhance profitability.


Cost accounting: substance and importance

Kuvaldina T.B. Omsk State Transport University, Omsk, Russian Federation ( kuvaldina2004@mail.ru )

Journal: International Accounting, #31, 2015

Importance Contemporary accountants, economists and top managers of the Russian entities adopted the concept of cost accounting from accounting practices of the Socialist times. Numerous publications and monographs on management accounting consider cost accounting, mainly, in retrospect. In the meantime, cost accounting is a crucial part of the existing information system serving as an information pipeline for such management functions as planning, analysis and evaluation of results, control and regulation.
     Objectives The research intends to investigate the substance, necessity of cost accounting, and its main components for accountants and technical specialists. In this respect, the article overviews the essence of cost accounting concept, identifies users of information that is generated as part of cost accounting, and proposes a cost accounting model of profit-making companies, considering interests of accounting, engineering and technical specialists, managers.
     Methods The research draws upon an analysis, comparison, systematization and generalization of contemporary scientific and training literature on the subject.
     Results The article discloses the substance of cost accounting, specifies users of information that is generated as part of cost accounting, proposes a cost accounting model for profit-making companies and describes cost accounting tools.
     Conclusions and Relevance The proposed cost accounting model of the profit-making company, as seen by accountants, managers and engineering and technical specialists, will allow improving the theoretical framework of management accounting, which comprises cost accounting, effectively managing costs, expenses in order to optimize business operations, maximize profit and make the business more profitable.


Theoretical and practical issues of using the present value in accounting and reporting

Kuvaldina T.B. Omsk State Transport University, Omsk, Russian Federation ( kuvaldina2004@mail.ru )

Lapin D.R. Omsk State Transport University, Omsk, Russian Federation ( ldr_mityai@mail.ru )

Journal: International Accounting, #10, 2015

Subject Russian regulations on accounting in some cases prescribe using the discounted (present) value for company assets and liabilities valuation, though they provide no definition of the concept. Only a few accounting standards (PBU), prepared by the Russian Ministry of Finance, attempt to comment on the definition and the procedure for present value calculation.
     Objectives The main purpose of the article is to explore the theory and current practice of the discounting method in accounting and reporting. The objectives are to examine the nature of the concepts of discounting and discounted value, to identify situations when it is required using the present value under Russian accounting regulations (RAS) and International Financial Reporting Standards (IFRS).
     Methods The research methodology includes analysis, comparison, systematization and compilation of information about relevant accounting standards, guidelines, recommendations of the Ministry of Finance and other departments, international standards, and scientific literature.
     Results We have tested a unique method of measurement of liabilities on restoration of natural resources in connection with the construction of property, plant and equipment and exploration assets, as well as on elimination and disposal of these objects at the end of their service (residual liabilities) at fair value using discounted cash flows. We recommend appropriate accounting entries; provide an algorithm for recognition of estimated liabilities at discounted (present) value in accounting and reporting.
     Conclusions and Relevance We conclude that the introduction of discounted cash flows, and, consequently, recording the assets and liabilities at discounted (present) value in financial statements will improve the quality and content of information on events, processes and their possible implications.


Theory and practice of applying the current market value in measuring corporate assets

Kuvaldina T.B. Omsk State Transport University, Omsk, Russian Federation ( kuvaldina2004@mail.ru )

Lapin D.R. Omsk State Transport University, Omsk, Russian Federation ( ldr_mityai@mail.ru )

Journal: International Accounting, #20, 2015

Importance Whereas Russia has adopted International Financial Reporting Standards, accountants deal with a new type of market value, i.e. fair value, which many scholars equate with the current market value. However, these concepts are not identical and equivalent. The article investigates these controversial issues.
     Objectives The main objective of the article is to explore the theory and the existing practice of using the current market value in measuring assets of profit-making companies. In this respect, the research addresses the following issues: to identify the priority valuation method existing in the Russian accounting practice, and situations when the current market value should be used; propose an algorithm for selecting a valuation methods using the market value; provide some recommendations for assuring the market value of assets for accounting and taxation purposes.
     Methods The research relies upon such empirical methods of research as observation, description, comparison, surveys, and general logic methods and techniques, i.e. analysis, synthesis and generalization.
     Results The article describes some practical situations, when the market value should be used in accounting. We provide our own definition of the current market value, disclose sources of information on the market value and propose an algorithm for selecting the valuation method at the current market value.
     Conclusions and Relevance The proposed definition of the current market value, algorithm for selecting its valuation method, format of statement supporting the current market value allows improving the theoretical framework for measuring the value of assets, increasing the quality of the market value measurement and avoiding any disputes with tax authorities. The proposals given herein may be used in practices of accounting departments and for educational purposes of higher educational institutions.


Covenants: nature and disclosure in financial statements

Kuvaldina T.B. Omsk State Transport University, Omsk, Russian Federation ( kuvaldina2004@mail.ru )

Journal: International Accounting, #1, 2015

In the course of financial and economic activities, commercial organizations act as borrowers, lenders, issuers, and are exposed to various risks that may significantly affect their financial position and performance. One of the most effective tools to ensure protection of interests of the parties to credit agreements when making deals, implementing investment projects, issuing bank guarantees, financing investment projects, and carrying on international trade is covenants. Covenants reduce risks associated with the counterparty, its creditworthiness, and ability to dispatch quality product and provide proper transportation. According to clause 24 of RAS (PBU) 4/99 Financial Statements of Organizations, explanatory notes to the Balance Sheet and Income Statement should provide users with additional data, which are inappropriate for inclusion in these forms of reporting, but which the users need for reasonable assessment of financial position and performance of the organization and changes in its financial position. One of the most important aspects of financial reporting is information disclosure on fulfillment of covenants of transactions. The existing Russian accounting regulations do not include the concept of covenants; there are no rules for information disclosure about covenants in Russian financial statements either. Economic literature addresses covenants from the finance perspective. There are few studies on the content of covenants for accounting and reporting purposes. Therefore, there is a need to research the theoretical and methodological framework of generating information on covenants in financial statements prepared under International Financial Reporting Standards (IFRS). The aim of the study is to develop a theoretical and methodological framework for information disclosure about covenants in financial statements. On that basis, the article sets the following tasks: to determine the nature of covenants as objects of accounting; identify cases and purposes of embodying covenants in transaction agreements; and determine the rules for disclosure of information on covenants in financial statements. To solve these problems, the author applied scientific methods of research, including analysis, synthesis, observation, and logical grouping of data generalization. The main result of the study is the developed methodological approach to generating information about covenants in financial statements. The author concluded that the proposed option of information disclosure about covenants in financial statements would help make timely management decisions on risk minimization and adjustments to financial position and property status of the organization.


Результаты поиска 1 - 7 из 7
Начало | Пред. | 1 | След. | Конец


Отсортировано по релевантности | Сортировать по дате