Internal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal Control
Today far from every Russian organization has a full system of maintaining accounting records and making accounting statements as well as a system of internal control over legislative documents that comply with the contemporary requirements where more and more attention is paid to the issues of sta...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2016-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/2542 |
| _version_ | 1797919531932319744 |
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| author | Zinaida Aleksandrovna Kostina Galina Petrovna Safronova Galina Aleksandrovna Mashentseva |
| author_facet | Zinaida Aleksandrovna Kostina Galina Petrovna Safronova Galina Aleksandrovna Mashentseva |
| author_sort | Zinaida Aleksandrovna Kostina |
| collection | DOAJ |
| description |
Today far from every Russian organization has a full system of maintaining accounting records and making accounting statements as well as a system of internal control over legislative documents that comply with the contemporary requirements where more and more attention is paid to the issues of standardizing the procedure of maintaining accounting records. Today competent composition of accounting and control systems at the enterprise is an actual problem that stipulated the urgency and the goal of the research topic. The analysis of the system of regulatory documents allowed to determine the place of a new document for the Russian accountant in the area of regulating accounting – a standard of an economic entity. It also led to a univocal conclusion about the necessity to form two packages of documents regulating the practice of its accountancy at the enterprise. Firstly, like it used to be before, this is an accounting policy. Secondly, these are standards of an economic entity. The uncertainty of the problem related to practical implementation of the economic entity's obligation to organize and exercise internal control of the performed facts of the economic activity also predetermined the development and use of internal standards and standards related to organizing and exercising internal control by business entities as its solution.
Keywords: organization and maintaining of accounting and exercising control, internal standards of the economic entity.
JEL Classifications: M41, M10
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| first_indexed | 2024-04-10T13:47:09Z |
| format | Article |
| id | doaj.art-b494e47cdf924973a0e37f50ad7a13d3 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:47:09Z |
| publishDate | 2016-06-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-b494e47cdf924973a0e37f50ad7a13d32023-02-15T16:10:55ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-06-0162SInternal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal ControlZinaida Aleksandrovna KostinaGalina Petrovna SafronovaGalina Aleksandrovna Mashentseva Today far from every Russian organization has a full system of maintaining accounting records and making accounting statements as well as a system of internal control over legislative documents that comply with the contemporary requirements where more and more attention is paid to the issues of standardizing the procedure of maintaining accounting records. Today competent composition of accounting and control systems at the enterprise is an actual problem that stipulated the urgency and the goal of the research topic. The analysis of the system of regulatory documents allowed to determine the place of a new document for the Russian accountant in the area of regulating accounting – a standard of an economic entity. It also led to a univocal conclusion about the necessity to form two packages of documents regulating the practice of its accountancy at the enterprise. Firstly, like it used to be before, this is an accounting policy. Secondly, these are standards of an economic entity. The uncertainty of the problem related to practical implementation of the economic entity's obligation to organize and exercise internal control of the performed facts of the economic activity also predetermined the development and use of internal standards and standards related to organizing and exercising internal control by business entities as its solution. Keywords: organization and maintaining of accounting and exercising control, internal standards of the economic entity. JEL Classifications: M41, M10 http://mail.econjournals.com/index.php/ijefi/article/view/2542 |
| spellingShingle | Zinaida Aleksandrovna Kostina Galina Petrovna Safronova Galina Aleksandrovna Mashentseva Internal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal Control International Journal of Economics and Financial Issues |
| title | Internal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal Control |
| title_full | Internal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal Control |
| title_fullStr | Internal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal Control |
| title_full_unstemmed | Internal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal Control |
| title_short | Internal Standards of Economic Entity: A Tool to Improve its Accounting System and the Way to Comply with the Requirements of Federal Law of the Russian Federation “On Accounting” Regarding Organizing and Exercising Internal Control |
| title_sort | internal standards of economic entity a tool to improve its accounting system and the way to comply with the requirements of federal law of the russian federation on accounting regarding organizing and exercising internal control |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/2542 |
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