IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY
The directions of improving the Russian chart of accounts in order to align it with the International Financial Reporting Standards' requirements and ensure its usability in the digital economy for reports online preparing at the official web-sites of companies, using the cloud technologies hav...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2020-06-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2191 |
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| author | O. A. Ageeva |
| author_facet | O. A. Ageeva |
| author_sort | O. A. Ageeva |
| collection | DOAJ |
| description | The directions of improving the Russian chart of accounts in order to align it with the International Financial Reporting Standards' requirements and ensure its usability in the digital economy for reports online preparing at the official web-sites of companies, using the cloud technologies have been considered. The proposed method of preparing online reporting assumes that accounting entries will be posted on the lines of financial statements after each transaction occurs, which will enable the users to receive the information about changes in the financial statements immediately. Attention has been paid to the issues of financial statements elements estimates regulation directly by changing the accounting plan, but not by counter accounts. The necessity of abandoning the concept of “additional capital” that does not exist in international practice and an account of the same name in the Russian chart of accounts and replacing it with separate accounts to account for share premium and revaluation reserve has been substantiated. |
| format | Article |
| id | doaj-art-168e98bbdb504776b923d99a673e32dd |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2020-06-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-168e98bbdb504776b923d99a673e32dd2025-02-04T08:28:04ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-06-010411511810.26425/1816-4277-2020-4-115-1181695IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMYO. A. Ageeva0State University of ManagementThe directions of improving the Russian chart of accounts in order to align it with the International Financial Reporting Standards' requirements and ensure its usability in the digital economy for reports online preparing at the official web-sites of companies, using the cloud technologies have been considered. The proposed method of preparing online reporting assumes that accounting entries will be posted on the lines of financial statements after each transaction occurs, which will enable the users to receive the information about changes in the financial statements immediately. Attention has been paid to the issues of financial statements elements estimates regulation directly by changing the accounting plan, but not by counter accounts. The necessity of abandoning the concept of “additional capital” that does not exist in international practice and an account of the same name in the Russian chart of accounts and replacing it with separate accounts to account for share premium and revaluation reserve has been substantiated.https://vestnik.guu.ru/jour/article/view/2191accountsbalance sheetchart of accountscloud-based technologiesdigital economyeconomic entitiesfinancial reportingonline reporting |
| spellingShingle | O. A. Ageeva IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY Вестник университета accounts balance sheet chart of accounts cloud-based technologies digital economy economic entities financial reporting online reporting |
| title | IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY |
| title_full | IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY |
| title_fullStr | IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY |
| title_full_unstemmed | IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY |
| title_short | IMPROVING THE RUSSIAN CHART OF ACCOUNTS IN THE DIGITAL ECONOMY |
| title_sort | improving the russian chart of accounts in the digital economy |
| topic | accounts balance sheet chart of accounts cloud-based technologies digital economy economic entities financial reporting online reporting |
| url | https://vestnik.guu.ru/jour/article/view/2191 |
| work_keys_str_mv | AT oaageeva improvingtherussianchartofaccountsinthedigitaleconomy |