Development of notes to annual financial statements in the system of information provision of corporate governance
The expediency of improving the notes to the annual financial statements, taking into account the features of the corporate governance system, has been grounded. The importance of the notes to the annual financial statements in making investment and borrowing decisions has been analyzed. The feature...
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| Format: | Article |
| Language: | English |
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Zhytomyr Polytechnic State University
2020-04-01
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| Series: | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
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| Online Access: | http://pbo.ztu.edu.ua/article/view/203180/203085 |
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| Summary: | The expediency of improving the notes to the annual financial statements, taking into account the features of the corporate governance system, has been grounded. The importance of the notes to the annual financial statements in making investment and borrowing decisions has been analyzed. The features of the regulation of the procedure for compiling notes to the annual financial statements in accordance with national accounting standards and IFRS have been highlighted. The improvement of the form of notes to annual financial statements used by Ukrainian corporate structures has been proposed in two main areas: supplement with two new sections with the relevant sections (XVI «Judgments, assumptions and accounting policies» («Judgments and assumptions», «Accounting policies»), XVI «Related parties» («Subjects of control of the corporate structure», «Operations with directors and key managers», «Other operations with related parties»); regulation of the possibility for corporate entities to make notes to the interim financial statements (semi-annual or quarterly).
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| ISSN: | 1994-1749 2708-4957 |