Organizational Aspects of Reporting Preparation as a Source of Information for Business Evaluation

Accounting should ensure proper documentation and timely reflection in the primary documents and registers of accounting and tax accounting of all transactions, as well as control the safety and proper use of each accounting object. In Russia, the process of reforming accounting has been going on for quite a long time, the convergence of the norms of domestic accounting with the norms of IFRS. The main goal of this process is to ensure the possibility of increasing confidence in the information generated in accounting and financial statements. A system of regulatory documents regulating the organization and maintenance of accounting has been developed and continues to be improved, as well as the definition of the role of state and non-state bodies in its creation and improvement. The functions of accounting are changing quite significantly, the variability of accounting procedures is widely used, the importance of the communicative function as an element of interaction of economic entities is growing. The article is devoted to the theoretical and practical study of the principles of accounting regulation. The processes of accounting reform have had a significant impact on changing the rules of accounting. But at the moment, there are still significant problems in the organization of accounting, preventing the formation of complete, real, objective, reliable reliable information. This conclusion is confirmed by the presence of many publications of modern scientists devoted to the analysis of various issues related to the regulatory regulation of accounting activities, the application of new rules for asset valuation, and the convergence of accounting rules with international financial reporting standards is gradually taking place.

Current Aspects of Accounting Regulation Activities

Pechennikova,

Odakhovskaya,

Pyatak

2023

Deferred Income: Development of Accounting and Reporting Rules

Arbatskaya,

Putyrskaya

2023

One of the most specific and controversial objects of accounting are deferred income. The purpose of this article is to, based on the analysis of regulatory legal acts and the works of various authors, identify the features and problems of recognizing deferred income, justify the use of a unified approach to their accounting and reporting in commercial organizations and public sector organizations. As a result of the study, multidirectional trends in accounting for deferred income in the private sector and the public administration sector were revealed. A reduction in the grounds for recognizing deferred income in commercial organizations and expanding the list of cases of their occurrence in the public sector has been established. The article reveals debatable issues of reflecting deferred income, including when recognizing subsidies for the fulfillment of the founder's task and income from operating leases. It is proposed to report subsidies as a special obligation to complete the assignment with disclosure in a separate line item in the Liabilities section of the balance sheet. This will improve the quality characteristics of reporting information for users. The author's proposal to develop a unified approach to accounting for operating lease income as part of the current period income in the sectors of the economy under consideration is also substantiated.

Deferred Expenses: Problematic Aspects and Prospects for the Convergence of Accounting in the Public and Private Sectors of the Economy

Arbatskaya,

Putyrskaya

2023

Currently, in both the private and public sectors of the economy, one of the debatable objects of accounting, along with deferred income, are deferred expenses. The article analyzes the requirements of regulatory legal acts and the viewpoints of various economists regarding the accounting object of deferred expenses, as well as the grounds for their occurrence. The authors’ opinions regarding deferred expenses are opposed diametrically. Some authors believe that deferred expenses should not exist in national accounting practice, others consider their use acceptable in a number of cases. As a result, of the study, it was concluded that in connection with the entry into force of new federal accounting standards, the list of cases for reflecting deferred expenses in the private sector of the economy has significantly narrowed. At the same time, in the public sector organizations there are much more grounds for qualifying objects as deferred expenses. As a result, of the study, differences were revealed in the emergence and formation of accounting information when reflecting certain types of expenses — for non-exclusive rights to software, expenses for paying vacation pay, expenses for voluntary medical insurance. At the same time, in the private sector, only expenses for licensed software are recognized as deferred expenses and only until the entry into force of FSBU 14/2022 «Intangible Assets». It is recommended to develop a unified methodological approach to accounting for deferred expenses both in commercial and public sector organizations.