Reflection of information about obligations in accounting (financial) statements
https://doi.org/10.24182/2073-9885-2021-14-4-91-95
Abstract
The interpretation and assessment of the organization’s liabilities is important for determining the amount of equity capital, which characterizes the well'being of the owners of the organization. The author highlighted the shortcomings of the current legislation in regulating the formation of information about the obligations of the organization. The article substantiates the incorrect use of the term «obligations» in relation to accounts payable. The analysis of the characteristics of liabilities noted in IFRS for their compliance with certain financial and business transactions. Accounts payable have been identified, which are not reflected in the accounting (financial) statements of the organization.
About the Author
N. V. Tkachuk
Saint Petersburg State Marine Technical University
Russian Federation
Russian Federation
Dr. Sci. (Econ.), Prof.
Saint Petersburg
References
1. Naumova E.A. Ten K.Yu. Ways to improve the reliability of financial reporting in the interests of external users. Science today: International Scientific and Practical Conference. – Scientific center «Olympus». – М.: Publishing house «Pen», 2015.
2. Voronova I.V. Automated systems for processing accounting information: tutorial. – St. Petersburg: Publishing House of St. Petersburg State Power Plant, 2019. 100 pages.
3. Karzaeva N.N. Problems of assessing accounts payable under contracts providing for installments of payments. Modern technologies in science and education – STNO-2021. Collection of works of the IV International Scientific and Technical Forum. T. 10. – Ryazan: Ryazan State Radio Engineering University named after V.F. Utkin, 2021. S. 35–39.
Review
For citations:
Tkachuk N.V. Reflection of information about obligations in accounting (financial) statements. Entrepreneur’s Guide. 2021;14(4):91-95. (In Russ.) https://doi.org/10.24182/2073-9885-2021-14-4-91-95
Views:
438
Email this article 