MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDS
The necessity of the research on the basis of the positivist model of scientific knowledge is proved. The value of the conceptual framework in the process of bookkeeping selection is analyzed. The differences of the accounting selection adjustment procedure in US GAAP and IFRS are considered. The ro...
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| Format: | Article |
| Language: | English |
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Zhytomyr Polytechnic State University
2017-03-01
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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/101990 |
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| _version_ | 1849304554141646848 |
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| author | V. V. IEVDOKYMOV S. F. LEGENCHYK |
| author_facet | V. V. IEVDOKYMOV S. F. LEGENCHYK |
| author_sort | V. V. IEVDOKYMOV |
| collection | DOAJ |
| description | The necessity of the research on the basis of the positivist model of scientific knowledge is proved. The value of the conceptual framework in the process of bookkeeping selection is analyzed. The differences of the accounting selection adjustment procedure in US GAAP and IFRS are considered. The role and importance of the qualitative characteristics of financial reporting in the implementation of accounting selection are substantiated. The structure of the qualitative characteristics of financial reporting and their limitations under the Conceptual Framework for the preparation and presentation of financial statements are examined. The correlation between the accounting rules and alternatives adopted in US GAAP and IAS / IFRS is analyzed. The necessity to discuss the issue of the feasibility of «rule-oriented» or «principle-oriented» accounting model in the context of multivariate concept is studied. The authors prove the necessity of the application of institutional theory to solve the problems of accounting opportunism that arises when using the concept of multivariate accounting in International Financial Reporting Standards. |
| format | Article |
| id | doaj-art-3e045f2c8b2545808ece8e9d63d3dad2 |
| institution | Kabale University |
| issn | 1994-1749 1994-1749 |
| language | English |
| publishDate | 2017-03-01 |
| publisher | Zhytomyr Polytechnic State University |
| record_format | Article |
| series | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| spelling | doaj-art-3e045f2c8b2545808ece8e9d63d3dad22025-08-20T03:55:41ZengZhytomyr Polytechnic State UniversityПроблеми теорії та методології бухгалтерського обліку, контролю і аналізу1994-17491994-17492017-03-011362535MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDSV. V. IEVDOKYMOVS. F. LEGENCHYKThe necessity of the research on the basis of the positivist model of scientific knowledge is proved. The value of the conceptual framework in the process of bookkeeping selection is analyzed. The differences of the accounting selection adjustment procedure in US GAAP and IFRS are considered. The role and importance of the qualitative characteristics of financial reporting in the implementation of accounting selection are substantiated. The structure of the qualitative characteristics of financial reporting and their limitations under the Conceptual Framework for the preparation and presentation of financial statements are examined. The correlation between the accounting rules and alternatives adopted in US GAAP and IAS / IFRS is analyzed. The necessity to discuss the issue of the feasibility of «rule-oriented» or «principle-oriented» accounting model in the context of multivariate concept is studied. The authors prove the necessity of the application of institutional theory to solve the problems of accounting opportunism that arises when using the concept of multivariate accounting in International Financial Reporting Standards.http://pbo.ztu.edu.ua/article/view/101990 IFRSconceptual frameworkmultivariate accounting |
| spellingShingle | V. V. IEVDOKYMOV S. F. LEGENCHYK MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDS Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу IFRS conceptual framework multivariate accounting |
| title | MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDS |
| title_full | MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDS |
| title_fullStr | MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDS |
| title_full_unstemmed | MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDS |
| title_short | MULTIVARIATE ACCOUNTING IN INTERNATIONAL FINANCIAL REPORTING STANDARDS |
| title_sort | multivariate accounting in international financial reporting standards |
| topic | IFRS conceptual framework multivariate accounting |
| url | http://pbo.ztu.edu.ua/article/view/101990 |
| work_keys_str_mv | AT vvievdokymov multivariateaccountingininternationalfinancialreportingstandards AT sflegenchyk multivariateaccountingininternationalfinancialreportingstandards |