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Essentiality as a characteristic of recording and reporting of information in the accounting system

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Authors


PhD, Chief Accountant
Ukraine, Kiev, Small production and innovation enterprise "MEKOL"

Abstract

The article highlights the international and Ukrainian experience essentiality as the characteristics of recording and reporting of information in the accounting system. The study is particularly essential as the characteristics of recording and reporting of information in terms of institutional reforms carried out in close connection with the production and integration processes specific to the period of the historical development of society. Select the object and recommended essentiality thresholds regarding accounting entities and business transactions.

Keywords

essentiality, accounting and accounting information, accounting, characterization, system.

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Bezverkhii Konstantin Viktorovich
Essentiality as a characteristic of recording and reporting of information in the accounting system// Modern Management Technology. ISSN 2226-9339. – #8 (44). Art. # 4401. Date issued: . Available at: https://sovman.ru/en/article/4401/

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References

  1. National accounting standart 1 „The general requirements for financial reporting”, approved by order of MFU № 73 from 07.02.2013 [Natcionalnoe polozhenie (standart) bukhgalterskogo ucheta 1 «Obshchie trebovaniia k finansovoi otchetnosti»]. Mode of access to the resource: http://www.minfin.gov.ua/ control/uk/publish/article?art_id=367055&cat_id =293533.
  2. Letter of the Ministry of Finance of Ukraine “Concerning the application of the criteria essentiality in accounting” № 04230-04108 from 29.07.2003 [Pismo Ministerstva finansov Ukrainy «Otnositelno primeneniia kriteriev sushchestvennosti v bukhgalterskom uchete» ot 29.07.03 g. № 04230-04108]. Mode of access to the resource: http://minfin.gov.ua/control/uk/publish/article?art_id=33638&cat_id=34931.
  3. Order of the Ministry of Finance of Ukraine “On Approval of recommendations on accounting policy and amending some orders of the Ministry of Finance of Ukraine” № 635 from 27.06.2013 [Prikaz Ministerstva finansov Ukrainy № 635 ot 27.06.2013 g. «Ob utverzhdenii metodicheskikh rekomendatcii po uchetnoi politiki predpriiatiia i vnesenii izmenenii v nekotorye prikazy Ministerstva finansov Ukrainy»]. Mode of access to the resource: http://goo.gl/rJKl9r.
  4. The Conceptual Framework for Financial Reporting [Kontceptualnye osnovy finansovoi otchetnosti]. Mode of access to the resource: http://eifrs.ifrs.org/eifrs/bnstandards/en/2014/conceptual_framework_unaccompanied.pdf.
  5. International Accounting Standard 1 “Presentation of Financial Statements” [Mezhdunarodnyi standart bukhgalterskogo ucheta 1 “Predstavlenie finansovoi otchetnosti”]. Mode of access to the resource: http://eifrs.ifrs.org/eifrs/bnstandards/en/2014/ias1.pdf.
  6. International Accounting Standard 8 “Accounting Policies, Changes in Accounting Estimates and Errors” [Mezhdunarodnyi standart bukhgalterskogo ucheta 8 “Uchetnye politiki, izmeneniia v uchetnykh otcenkakh i oshibki”]. Mode of access to the resource: http://eifrs.ifrs.org/eifrs/bnstandards/en/2014/ias8.pdf.