Specific Features of Reflection of Information Regarding Lease Operations in the National and International Standards
Journal Title: Бізнес Інформ - Year 2013, Vol 12, Issue 0
Abstract
The article identifies the degree of correspondence of the national Provisions (Standard) of Business Accounting (PSBA) Lease with the international standard and provides recommendations with respect to their closing up. On the results of the study the author provides specific features of international and national standards - the existing IFRS 17 Lease and national PSBA 14 Lease by the following components: definition of lease, its classification and reflection in accounting. Also the text of PSBA 31 Financial Expenditures is supplemented with provisions on capitalisation of financial expenditures prospectively, which would allow avoidance of correction of the balance of the retained income and provision of comparative information for previous periods. The article provides an algorithm of division of lease for accounting purposes on the basis of international standards. Its use would ensure correctness of reflection of lease operations in accounting and would serve as a basis for development of methodical provisions with respect to accounting. By the result of the study the author forms definition of the qualification asset as an asset which requires considerable time for its creation, preparation for target use, sales or acquisition of the ownership right. Capitalisation of such expenditures would allow non-reduction of the accounting income and also would provide a possibility to reflect financial expenditures in accordance with their economic essence.
Authors and Affiliations
Nataliya Nikolenko
Keywords
Related Articles
- EP ID EP88130
- DOI -
- Views 110
- Downloads 0
Mental and Ethical Aspects in Juvenile-Oriented Brand Development
This article is dedicated to mental and ethical aspects that arise in the process of developing brands for a juvenile target group. A highly optimized way of discerning and satisfying the emotional demands of children an...
The Concept of Professional Identification as Part of Vocational Work of Regional Employment Services
The article substantiates the need to expand the areas of vocational work of regional employment services, expanding their professional identity. Summary of recent foreign and domestic research concept of professional id...
Evaluation of Information Security in both Corporate Economics and Socio-Economic Relations
The article is aimed at studying the threats and possible measures for improving the effectiveness of information security of Ukraine at the present stage of development on the basis of statistical processing of results...
Financial and Management Accounting for Income of Travel Enterprises
The theoretic fundamentals of income earned by travel enterprises are analyzed in the paper. The kinds of travel rent are marked out by the role of information resources. Information potential of financial accounting for...
Strategic Directions for Development of Investment Provision of Innovation Activity of Retail Trade Enterprises
The article is aimed at studying relevance of development of normative-methodical provision of the basic constituents and directions of investment-innovative development of enterprise (concepts of both technology policy...