An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRS
The study is devoted to the development of accounting procedure and recording the financial results of bonds with a double currency denomination in accordance with International Financial Reporting standards (IFRS). The methodological base of the research includes system and dynamic-situational anal...
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| Format: | Article |
| Language: | Russian |
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Government of Russian Federation, Financial University
2020-12-01
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| Series: | Учёт. Анализ. Аудит |
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| Online Access: | https://accounting.fa.ru/jour/article/view/354 |
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| author | A. Yu. Kuz’min |
| author_facet | A. Yu. Kuz’min |
| author_sort | A. Yu. Kuz’min |
| collection | DOAJ |
| description | The study is devoted to the development of accounting procedure and recording the financial results of bonds with a double currency denomination in accordance with International Financial Reporting standards (IFRS). The methodological base of the research includes system and dynamic-situational analysis, evaluation models of financial mathematics, accounting procedures of the theory of financial accounting. Based on the assumptions made at the formal mathematical level, this procedure is fully algorithmized, despite the ambiguity or impossibility of direct assessment of such basic accounting indicators as the initial estimate, the internal effective interest rate, and the amortized cost of a financial instrument. Considerable attention is paid to the issues of mathematical evaluation and reflection of financial results when preparing financial statements in accordance with the concept of amortized cost and effective interest rate, taking into account the impact of changes in the currency component in dynamics. The originality and uniqueness of the developed procedure is that it is applicable to the situations where coupon payments are paid several times a year. The theoretical and practical significance of the research is determined by the development of scientific and applied tools that include accounting and process models, evaluation algorithms and procedures that can be used by accounting and audit departments in practical work when solving problems of reporting in accordance with IFRS. |
| format | Article |
| id | doaj-art-39558f294b934c108918c0db76b537e1 |
| institution | DOAJ |
| issn | 2408-9303 2619-130X |
| language | Russian |
| publishDate | 2020-12-01 |
| publisher | Government of Russian Federation, Financial University |
| record_format | Article |
| series | Учёт. Анализ. Аудит |
| spelling | doaj-art-39558f294b934c108918c0db76b537e12025-08-20T02:59:00ZrusGovernment of Russian Federation, Financial UniversityУчёт. Анализ. Аудит2408-93032619-130X2020-12-0176556310.26794/2408-9303-2020-7-6-55-63334An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRSA. Yu. Kuz’min0Financial UniversityThe study is devoted to the development of accounting procedure and recording the financial results of bonds with a double currency denomination in accordance with International Financial Reporting standards (IFRS). The methodological base of the research includes system and dynamic-situational analysis, evaluation models of financial mathematics, accounting procedures of the theory of financial accounting. Based on the assumptions made at the formal mathematical level, this procedure is fully algorithmized, despite the ambiguity or impossibility of direct assessment of such basic accounting indicators as the initial estimate, the internal effective interest rate, and the amortized cost of a financial instrument. Considerable attention is paid to the issues of mathematical evaluation and reflection of financial results when preparing financial statements in accordance with the concept of amortized cost and effective interest rate, taking into account the impact of changes in the currency component in dynamics. The originality and uniqueness of the developed procedure is that it is applicable to the situations where coupon payments are paid several times a year. The theoretical and practical significance of the research is determined by the development of scientific and applied tools that include accounting and process models, evaluation algorithms and procedures that can be used by accounting and audit departments in practical work when solving problems of reporting in accordance with IFRS.https://accounting.fa.ru/jour/article/view/354ifrsdebt financial instrumentsbonds with a double currency denominationamortized costrevaluation |
| spellingShingle | A. Yu. Kuz’min An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRS Учёт. Анализ. Аудит ifrs debt financial instruments bonds with a double currency denomination amortized cost revaluation |
| title | An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRS |
| title_full | An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRS |
| title_fullStr | An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRS |
| title_full_unstemmed | An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRS |
| title_short | An Accounting Procedure for Bonds with a Double Currency Denomination in Accordance with the IFRS |
| title_sort | accounting procedure for bonds with a double currency denomination in accordance with the ifrs |
| topic | ifrs debt financial instruments bonds with a double currency denomination amortized cost revaluation |
| url | https://accounting.fa.ru/jour/article/view/354 |
| work_keys_str_mv | AT ayukuzmin anaccountingprocedureforbondswithadoublecurrencydenominationinaccordancewiththeifrs AT ayukuzmin accountingprocedureforbondswithadoublecurrencydenominationinaccordancewiththeifrs |