ORGANIZATIONAL MODEL OF ACCOUNTING POLICY UNDER CONDITIONS OF IFRS USE
The integrated model of an enterprise’s accounting policy formation’s organization, which is subjected to the norms of the international standards, is offered in the article. The model foresees the organizational measures, dealing with the accounting policy formation, which are structured, according to the stages of the organization, the content of IFRS norms or their absence. Thus, if the accounting rule: a) is defined in the corresponding IFRS, then its use is obligatory (if the influence of its use is insignificant, then this rule may not be used); b) is not defined by IFRS, then the accounting policy is defined by the managerial personnel, who use the opinion.
The accounting policy of an enterprise is presented as the resulting informational product, which is composed of the totality of an accountant’s professional opinions
Brown, Rh., Whittington, M. (2008). Financial statement analysis and accounting policy choice: What history can teach us. Journal of Applied Accounting Research, Vol. 8, Issue: 3. doi.org/10.1108/96754260880001053. [in English].
Fursa, V. P. (2016). Actual Problems of Accounting Policy according to International Standards of Financial Reporting. Journal of Scientific Works “Global and National Problems of Economy”, Vol. 10. [Electronic resource]. Retrieved from http://global-national.in.ua/archive/10-2016/206.pdf. [in English].
IAS 39 (2003). Financial Instruments: Recognition and Measurement. [Electronic resource]. Retrieved from http://zakon2.rada.gov.ua/laws/show/929_015. [in Ukrainian].
IAS 8 (2003). Accounting Policies, Changes in Accounting Policies and Errors. [Electronic resource]. Retrieved from http://zakon2.rada.gov.ua/laws/show/929_020. [in Ukrainian].
International Control Standards of Quality, Audit, Review, Other Presentation of Confidence and Attendant Services in 4 Parts (2015). Trans. from English by Olhovikova O.L., Seleznyova O.V., P.1. Kyiv: International Federation of Accountants, Audit Chamber of Ukraine. [in Ukrainian].
Kachelmeier, S. J., King. R. R. (2002). Using Laboratory Experiments to Evaluate Accounting Policy Issues. Accounting Horizons: September 2002, Vol. 16, No. 3. doi.org/10.2308/acch.2002.16.3.219. [in English].
Kyrei, O. (2014). Introduction of IFAS in Ukraine as a Stimulus of Business Development. Journal of Kyiv National University named after Taras Shevchenko, Ekonomika, No. 10. [in Ukrainian].
Law of Ukraine (1999). On Accounting and Financial Reporting. [Electronic resource]. Retrieved from http://zakon2.rada.gov.ua/laws/show/996-14 . [in Ukrainian].
NP (S) A 1 (2013). General Requirements to Financial Reporting’s Conducting. [Electronic resource]. Retrieved from http://zakon2.rada.gov.ua/laws/show/z0336-13. [in Ukrainian].
Storozhuk, T.M. (2013). Formation Process of Accountant’s Professional Opinion. Journal “Accounting and Finance”. No. 4 (62). [in English].
Tzovas, C. (2006). Factors Influencing a Firm’s Accounting Policy Decisions When Tax Accounting and Financial Accounting Coincide. Managerial Auditing Journal, Vol. 21, No. 4. doi: 10.12691/jfe-2-4-1//. [in English].
Vasylyeva, L.M. (2014). Accounting Policy, according to International and National Standards: Comparative Aspect. Journal “Agrosvit”, No. 6. [Electronic resource]. Retrieved from irbis-nbuv.gov.ua/cgi.../cgiirbis_64.exe?...2014. [in Ukrainian].
Zasadnyi, B. A. (2014). Accounting Policy of Companies under Conditions of IFRS Use. Journal of Kyiv National University named after Taras Shevchenko, Ekonomika, No. 10(163). [Electronic resource]. Retrieved from http://papers.univ.kiev.ua/issue/ekonomika/zasadnyi-b-accounting-policies-of-companies-in-the-framework-of-ifrs_12364. [in Ukrainian].
Abstract views: 752 PDF Downloads: 127