International Financial Reporting Standards Implementation into the Russian Accounting System

Aletkin, Pavel Alexandrovich

doi:10.5901/mjss.2014.v5n24p33

Cited by 10 publications

(4 citation statements)

References 11 publications

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“…In traditional cost accounting, all the material and technological costs are transferred to the cost of goods [Kulikova and Gafieva, 2014]. Waste elimination control cost also can be included into the cost of goods or taken into the account of the overhead [Aletkin, 2014]. Therefore, this method of cost accounting cannot provide information about the costs of technological loss and ineffective processes.…”

Section: Materials and Methods (Model)mentioning

confidence: 99%

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The use of material flow cost accounting for process losses reduction

Ivanovskaya¹,

Куликова²,

Vetoshkina³

et al. 2019

Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Developmen

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Material Flow Cost Accounting allows you to accurately monitor the physical and monetary value of waste, which increases the visibility of environmental costs and gives managers possibility to identify areas of cost savings. The article discusses the general aspects of Material Flow Cost Accounting and a comparative analysis of methods for the evaluation of the cost of irrecoverable waste in Material Flow Cost Accounting and traditional cost accounting. In order to increase the usefulness of the information generated within Material Flow Cost Accounting, it is proposed to use this method in the whole chain of product delivery to the final customer. Material Flow Cost Accounting (MFCA) is a powerful tool for environmental management that can be applied to any organization, regardless of industry. Material Flow Cost Accounting helps companies to increase the transparency of information on technological losses, thus to reduce the level of environmental pollution and increase the efficiency of business running.

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Section: Materials and Methods (Model)mentioning

confidence: 99%

“…Meanwhile distributed costs of cost accounting point are calculated in physical terms proportionally to the material flows into the cost accounting point: (2) where TC -total costs of cost accounting point;…”

Section: Materials and Methods (Model)mentioning

confidence: 99%

The use of material flow cost accounting for process losses reduction

Ivanovskaya¹,

Куликова²,

Vetoshkina³

et al. 2019

Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Developmen

View full text Add to dashboard Cite

show abstract

“…Reporting of these companies, in many cases, remains non-transparent, does not allow one to interpret results obtained on the basis of its analysis. Currently, in Russia collection of public financial statements is difficult due to the lack of real progress, common misstatements in reporting and fear of their detection upon its analysis, lack of interest of companies to provide information in connection with the lack of need (Aletkin P.A., 2014).…”

Section: Methodsmentioning

confidence: 99%

Methodological approaches to forecasting the industrial development based on the simulation of economic agents' expectations

Elshin¹

2017

EATP

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“…The practice of using the above standards in the Russian Federation has led to a time-consuming process of analyzing financial indicators by external users to make economic decisions (Aletkin 2014). Thus, the need arose to create a convenient format where financial indicators reflect their interaction and represent economic efficiency (Duvanskaya and Sverchkova 2016).…”

Section: Introductionmentioning

confidence: 99%

Financial forms in integrated reporting as a means of achieving leadership in accounting

Veinbender¹,

Kashintseva²

2019

Proceedings of the 4th International Conference on Social, Business, and Academic Leadership (ICSBAL 2019)

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Our paper focuses on the problem of achieving leadership in financial services via ensuring the efficiency of using existing types of reporting. We consider the chronological stages of the appearance and implementation of integrated reporting on the territory of the Russian Federation. Moreover, a paper provides a comparative analysis of the report, compiled in accordance with IFRS, with an integrated report, which allows us to draw some similarities and advantages. In addition, the paper presents the advantages and disadvantages of integrated reporting based on existing Russian and foreign experience with accounting standards and their implementations. Our findings identify the pressing need for providing information in the form of an integrated report for interested external users in order to obtain reliable data with a long-term perspective. In addition, we develop an algorithm for introducing an integrated report for Russian organizations as a base one with the ability to adjust individual elements of the process in connection with the individual characteristics of each organization.

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International Financial Reporting Standards Implementation into the Russian Accounting System

Abstract: This study illustrates the process of implementing IFRS in

Cited by 10 publications

References 11 publications

The use of material flow cost accounting for process losses reduction

The use of material flow cost accounting for process losses reduction

Methodological approaches to forecasting the industrial development based on the simulation of economic agents' expectations

Financial forms in integrated reporting as a means of achieving leadership in accounting

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