Ontology of Variability of Accounting for Financial Rent
Journal Title: Oblik i finansi - Year 2021, Vol 1, Issue 2
Abstract
Research on financial rent has been at the forefront of economics since the middle of the twentieth century in market economies due to the growing role of financial capital and the formation of the stock market. Today some scholars believe that financial rent is a type of economic rent, so it should be reflected in accounting. The purpose of the article is to develop recommendations for the reflection of financial rent in the accounting system. This research has solved the following tasks: to determine significant differences in the understanding of financial rent in the theory of finance and the rent in economic theory; to identify the type of resource that produces financial rent; to form approaches to the assessment and accounting for financial rent. It was established that in financial science the concept of financial rent does not correlate with the concept of economic rent, but it is appropriate to consider the financial rent as income that should be reflected in the accounting system to ensure the effectiveness of further management decisions. The identification of the composition of financial resources for the needs of their accounting allowed to determine the type of financial instruments, as well as operations that will form the financial rent. Author's approaches to the recognition of financial rent as accounting object were presented and organizational and methodical provisions of accounting for financial rent were developed. In particular, the procedure for determining the amount of financial rent and its reflection in the accounts depending on the sources of its formation was proposed. The practical significance of the study results is to increase the informativeness of the accounting system for management staff in order to manage the efficiency of the enterprise.
Authors and Affiliations
Serhii Bardash & Tetiana Osadcha
Keywords
Related Articles
- EP ID EP697577
- DOI 10.33146/2307-9878-2021-2(92)-5-10
- Views 113
- Downloads 0
Improvement of State Financial Control: Praxeological Approach
The full-fledged functioning of the economy of Ukraine in wartime is one of the most challenging tasks of the state government, which cannot be fulfilled without external financial assistance. During the six months of th...
The Effect of the Fraud Triangle and Sharia Compliance Disclosure on Financial Statement Fraud in Indonesian Islamic Banks
Financial statement fraud in Islamic banks is unethical because, in this way, banks mislead their shareholders and other users of financial statements. Applying Sharia rules in Islamic institutions is an effort to preven...
Трансформація системи контролю державних фінансів в Україні: стан, виклики та перспективи
Наприкінці 2019 року було оголошено реформу органу державного фінансового контролю – перетворення Державної аудиторської служби України на Офіс фінансового контролю з кардинальними змінами функцій та повноважень і значни...
Податковий механізм як фінансово-управлінська категорія
Метою статті є поглиблення сутності податкового механізму як фінансово-управлінської категорії із сформованими складовими та взаємозв’язками з податковою політикою та податковою системою в умовах фіскального і регулюваль...
E-Accounting for Wood Products of Forestry in Ukraine: Problems and Ways of Improvement
Illegal logging leads to the destruction of a significant area of forests, which have economic and socio-ecological value, as an integral part of the country's natural capital. One of the ways to reduce illegal logging a...