Consolidated financial statements in Ukraine: normative and legal regulation state
Journal Title: Вісник Житомирського державного технологічного університету. Серія: економіка, управління та адміністрування - Year 2016, Vol 77, Issue 3
Abstract
The development of big business in Ukraine has led to the need to release a number of domestic companies and their groups and associations to the international financial market which was the prerequisite of the needs of users of financial statements to obtain reliable information about the activities of such companies. In accordance with the national legislation associations of enterprises and companies have to provide the consolidated financial statements which contain the pooled indices about the activities of these entities. The article analyzes the current state of normative and legal regulation of financial reporting consolidation process in Ukraine. In particular, the paper determines the basic legal acts of regulations of national and international governing process of preparation of consolidated financial statements; it also determines the circle of business entities required to draw up the consolidated financial statements solely in accordance with international financial reporting standards.
Authors and Affiliations
Kucher Kucher
Keywords
Related Articles
- EP ID EP269454
- DOI -
- Views 131
- Downloads 0
Forecasting methods of agricultural enterprise failure probability
The article suggests the main evaluation models of enterprise failure probability. The advantages and disadvantages of enterprise failure probability multifactor models are determined. The author offers the agricultural...
Modern trends of electronic trading by negotiable financial instruments
International negotiable financial instrument markets have a high level of electronic trading. It is displayed using the consolidated limit order book, the widening the range of trading orders, smart order routing, high...
Differentiated approach to evaluating the level and state of multilevel indicators on the example of economic security of the enterprise
The critical review of existing methods and approaches to assessing the level and state of economic security of the enterprise as one of the well-known multi-level indicators is carried out. The identified areas of exist...
Formation of strategy and policy of banking credit operations management
The article examines the strategic management of credit operations as the activities on credit strategies of banking institutions, the formation of goals, objectives, and the choice of methods to achieve them. The basis...
The system of intrabank control as a way to prevent the emergence of problem loans in banks
The article determines that the legislation of Ukraine lays down the concept of priority of debtor’s rights and such a situation provoke the irresponsibility of borrowers to fulfill their obligations and puts the rights...