INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTING
The article is devoted to the study of three conceptual categories of accounting: stocks, costs and expenses, in their interrelation defined by the sequence in which they are presented in financial reporting in accordance with three stages of the capital cycle: procurement – production - sales. The...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2020-05-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2141 |
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| author | O. A. Ageeva |
| author_facet | O. A. Ageeva |
| author_sort | O. A. Ageeva |
| collection | DOAJ |
| description | The article is devoted to the study of three conceptual categories of accounting: stocks, costs and expenses, in their interrelation defined by the sequence in which they are presented in financial reporting in accordance with three stages of the capital cycle: procurement – production - sales. The problem caused by mixing up the information about the categories under study while presenting them in the financial reporting has been formulated. In particular, the complex item «inventory» includes both raw materials, materials, goods related to the procurement stage, and work-in-progress with finished products formed at the production stage. In order to overcome this problem, an assessment of the existing methodology for reflecting information about the concepts under study in financial statements has been given, and the need and directions for its improvement have been justified. |
| format | Article |
| id | doaj-art-14a4057d3e59438e90a88b009f77d585 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2020-05-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-14a4057d3e59438e90a88b009f77d5852025-02-04T08:28:03ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-05-010312312610.26425/1816-4277-2020-3-123-1261669INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTINGO. A. Ageeva0State University of ManagementThe article is devoted to the study of three conceptual categories of accounting: stocks, costs and expenses, in their interrelation defined by the sequence in which they are presented in financial reporting in accordance with three stages of the capital cycle: procurement – production - sales. The problem caused by mixing up the information about the categories under study while presenting them in the financial reporting has been formulated. In particular, the complex item «inventory» includes both raw materials, materials, goods related to the procurement stage, and work-in-progress with finished products formed at the production stage. In order to overcome this problem, an assessment of the existing methodology for reflecting information about the concepts under study in financial statements has been given, and the need and directions for its improvement have been justified.https://vestnik.guu.ru/jour/article/view/2141stockscostsexpensesfinancial reportingcapital cycleprocurementproductionsales |
| spellingShingle | O. A. Ageeva INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTING Вестник университета stocks costs expenses financial reporting capital cycle procurement production sales |
| title | INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTING |
| title_full | INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTING |
| title_fullStr | INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTING |
| title_full_unstemmed | INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTING |
| title_short | INTERRELATION OF CONCEPTUAL CATEGORIES “STOCKS”, “COSTS” AND “EXPENSES” AND SEQUENCE OF PRESENTING THEM IN THE FINANCIAL REPORTING |
| title_sort | interrelation of conceptual categories stocks costs and expenses and sequence of presenting them in the financial reporting |
| topic | stocks costs expenses financial reporting capital cycle procurement production sales |
| url | https://vestnik.guu.ru/jour/article/view/2141 |
| work_keys_str_mv | AT oaageeva interrelationofconceptualcategoriesstockscostsandexpensesandsequenceofpresentingtheminthefinancialreporting |