Improving of the financial statements forms of credit unions under stakeholders information needs
The need for a satisfaction of credit union users’ information requests causes necessity to improve procedure of disclosure of financial information in their financial statements. Analysis of statistics on the activities of credit unions in Ukraine has allowed revealing decrease in their number on t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Zhytomyr Polytechnic State University
2016-07-01
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| Series: | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| Subjects: | |
| Online Access: | http://pbo.ztu.edu.ua/article/view/72321 |
| _version_ | 1818851088076374016 |
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| author | O.L. Bilyachenko K.V. Shymanska |
| author_facet | O.L. Bilyachenko K.V. Shymanska |
| author_sort | O.L. Bilyachenko |
| collection | DOAJ |
| description | The need for a satisfaction of credit union users’ information requests causes necessity to improve procedure of disclosure of financial information in their financial statements. Analysis of statistics on the activities of credit unions in Ukraine has allowed revealing decrease in their number on the background of organizational consolidation. The study of international financial reporting framework, regulatory documents on accounting and reporting in Ukraine provided an opportunity to identify deficiencies of the disclosure of information about credit unions’ business activities. The result of the study is that the balance sheet and a profit and loss statement for the credit union have been added by the items, which will more fully disclose the information on assets and liabilities, business activities income and costs. In addition, these changes will avoid duplication of such information in the specialized reports provided by credit unions to the National Commission for State Regulation of Financial Services Markets. In general, this will help to protect of credit unions members’ rights and will strengthen the depositors’ and creditors’ confidence in the credit unions activities. |
| first_indexed | 2024-12-19T06:59:28Z |
| format | Article |
| id | doaj.art-d290b0d0c3f341dd86c94ead959c3cec |
| institution | Directory Open Access Journal |
| issn | 1994-1749 1994-1749 |
| language | English |
| last_indexed | 2024-12-19T06:59:28Z |
| publishDate | 2016-07-01 |
| publisher | Zhytomyr Polytechnic State University |
| record_format | Article |
| series | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| spelling | doaj.art-d290b0d0c3f341dd86c94ead959c3cec2022-12-21T20:31:27ZengZhytomyr Polytechnic State UniversityПроблеми теорії та методології бухгалтерського обліку, контролю і аналізу1994-17491994-17492016-07-01134204220Improving of the financial statements forms of credit unions under stakeholders information needsO.L. BilyachenkoK.V. ShymanskaThe need for a satisfaction of credit union users’ information requests causes necessity to improve procedure of disclosure of financial information in their financial statements. Analysis of statistics on the activities of credit unions in Ukraine has allowed revealing decrease in their number on the background of organizational consolidation. The study of international financial reporting framework, regulatory documents on accounting and reporting in Ukraine provided an opportunity to identify deficiencies of the disclosure of information about credit unions’ business activities. The result of the study is that the balance sheet and a profit and loss statement for the credit union have been added by the items, which will more fully disclose the information on assets and liabilities, business activities income and costs. In addition, these changes will avoid duplication of such information in the specialized reports provided by credit unions to the National Commission for State Regulation of Financial Services Markets. In general, this will help to protect of credit unions members’ rights and will strengthen the depositors’ and creditors’ confidence in the credit unions activities.http://pbo.ztu.edu.ua/article/view/72321credit unionfinancial statementsstakeholders’ information needsbalance sheetprofit and loss statement |
| spellingShingle | O.L. Bilyachenko K.V. Shymanska Improving of the financial statements forms of credit unions under stakeholders information needs Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу credit union financial statements stakeholders’ information needs balance sheet profit and loss statement |
| title | Improving of the financial statements forms of credit unions under stakeholders information needs |
| title_full | Improving of the financial statements forms of credit unions under stakeholders information needs |
| title_fullStr | Improving of the financial statements forms of credit unions under stakeholders information needs |
| title_full_unstemmed | Improving of the financial statements forms of credit unions under stakeholders information needs |
| title_short | Improving of the financial statements forms of credit unions under stakeholders information needs |
| title_sort | improving of the financial statements forms of credit unions under stakeholders information needs |
| topic | credit union financial statements stakeholders’ information needs balance sheet profit and loss statement |
| url | http://pbo.ztu.edu.ua/article/view/72321 |
| work_keys_str_mv | AT olbilyachenko improvingofthefinancialstatementsformsofcreditunionsunderstakeholdersinformationneeds AT kvshymanska improvingofthefinancialstatementsformsofcreditunionsunderstakeholdersinformationneeds |