A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy
The aim of the article is justification of the need to specify in the order on accounting policies not only the elements of the accounting policy itself but also the initial accounting estimates, which will increase the reliability of financial reporting and the development of proposals on improv...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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PH "INZHEK"
2016-05-01
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| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-179_183.pdf |
| _version_ | 1797335379692486656 |
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| author | Marenych Tetyana H |
| author_facet | Marenych Tetyana H |
| author_sort | Marenych Tetyana H |
| collection | DOAJ |
| description | The aim of the article is justification of the need to specify in the order on
accounting policies not only the elements of the accounting policy itself but
also the initial accounting estimates, which will increase the reliability of
financial reporting and the development of proposals on improvement of
the given administrative documents of the enterprise. It is noted that in recent
years the importance of a high-quality accounting policy has increased
significantly not only for users of financial reports but also for achieving the
purposes of determining the object of levying the profits tax. There revealed
significant differences at reflecting in accounting the consequences of changes
in the accounting policy and accounting estimate. There has been generalized
the information in the order on the enterprise accounting policy with
respect to accounting estimates. It is proposed to provide a separate section
in the order, where there should be presented information about the list of
accounting estimates taken, about how the company will make changes in
the accounting policy, accounting estimate as well as correct errors |
| first_indexed | 2024-03-08T08:37:15Z |
| format | Article |
| id | doaj.art-5c72969d29a84dc68dc849cbeac56a55 |
| institution | Directory Open Access Journal |
| issn | 2222-0712 2311-1186 |
| language | English |
| last_indexed | 2024-03-08T08:37:15Z |
| publishDate | 2016-05-01 |
| publisher | PH "INZHEK" |
| record_format | Article |
| series | Problemi Ekonomiki |
| spelling | doaj.art-5c72969d29a84dc68dc849cbeac56a552024-02-02T00:46:34ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862016-05-012179183A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting PolicyMarenych Tetyana H0 Doctor of Science (Economics), Professor, Professor, Department of Accounting and Auditing, Kharkiv P. Vasylenko National Technical University of AgricultureThe aim of the article is justification of the need to specify in the order on accounting policies not only the elements of the accounting policy itself but also the initial accounting estimates, which will increase the reliability of financial reporting and the development of proposals on improvement of the given administrative documents of the enterprise. It is noted that in recent years the importance of a high-quality accounting policy has increased significantly not only for users of financial reports but also for achieving the purposes of determining the object of levying the profits tax. There revealed significant differences at reflecting in accounting the consequences of changes in the accounting policy and accounting estimate. There has been generalized the information in the order on the enterprise accounting policy with respect to accounting estimates. It is proposed to provide a separate section in the order, where there should be presented information about the list of accounting estimates taken, about how the company will make changes in the accounting policy, accounting estimate as well as correct errorshttp://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-179_183.pdfaccounting policyaccounting estimatechange in the accounting estimateprovisions (standard) of accounting |
| spellingShingle | Marenych Tetyana H A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy Problemi Ekonomiki accounting policy accounting estimate change in the accounting estimate provisions (standard) of accounting |
| title | A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy |
| title_full | A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy |
| title_fullStr | A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy |
| title_full_unstemmed | A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy |
| title_short | A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy |
| title_sort | justified initial accounting estimate as an integral part of the enterprise accounting policy |
| topic | accounting policy accounting estimate change in the accounting estimate provisions (standard) of accounting |
| url | http://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-179_183.pdf |
| work_keys_str_mv | AT marenychtetyanah ajustifiedinitialaccountingestimateasanintegralpartoftheenterpriseaccountingpolicy AT marenychtetyanah justifiedinitialaccountingestimateasanintegralpartoftheenterpriseaccountingpolicy |