ACCOUNTING IN FOREIGN COUNTRIES

Keywords: international standards, IFRS, accounting, financial and management accounting, users.

Abstract

The article considers the regulatory framework of international standards and their structure. The authors analyzed concepts of "international standards" and "accounting". The focus of this study is on two types of accounting standards. The paper concentrates on stages of IFRS and their status. The activity of the IAS Board is studied. The classification of accounting standards according by their economic content is designed. The authors compare descriptions of financial and management accounting. The study concentrates on structure of national accounting standards and their division by economic content. The factors that influence accounting in different countries are outlined out and a common factor uniting all the types of accounting is highlighted. The article classifies Britain’s and the United States’, continental and the South American systems. The question what countries use those systems is explored. The paper pays special attention on activity of the International Accounting Standards Committee. The IFRS status and application of those are determined. The authors consider advantages of accounting and financial reports, having in mind the international standards and its basis is the empowerment of access to the international capital markets. The list of the countries that legally use International Financial Reporting Standards is identified. With an emphasis on components of the required financial reporting forms in foreign countries the implementation stages of international accounting and reporting standards in Ukraine are explored.

References

1. .Sliesar T. M. (2013). Osoblyvosti transformatsii bukhhalterskoho obliku v ahrarnomu sektori [Features of the transformation of accounting in the agricultural sector] Ekonomichni nauky. Cer. : Oblik i finansy. -Vyp. 10(4). S. 236-240[in Ukrainian].
2. Derhachova V V (2011) Oblik u zarubizhnykh krainakh [Accounting in foreign countries]. [in Ukrainian].
3. Barkhatov A. P. (2007) Bukhhalterskyi uchet vneshneэkonomycheskoi deiatelnosty [Accounting for foreign economic activity] [in Ukrainian].
4. Holov S. F. (2014) Futurolohiia bukhhalterskoho obliku [Futurology of accounting] Visnyk Natsionalnoho universytetu "Lvivska politekhnika". Menedzhment ta pidpryiemnytstvo v Ukraini: etapy stanovlennia i problemy rozvytku.
5. Hubachova O.M (2008) Oblik u zarubizhnykh krainakh [Accounting in foreign countries].
6. Derhachova V.V. (2011). Oblik u zarubizhnykh krainakh [Accounting in foreign countries] K.: NTUU «KPI», s 257.
7. Butynets, F. F. (2002) Bukhhalterskyi Oblik u zarubizhnykh krainakh [Accounting in foreign countries] Horetska; Zhytomyrskyi inzhenernotekhnolohichnyi instytut. Zhytomyr: Ruta.
8. Stukov, S. A. (1998) Mezhdunarodnaia standartyzatsyia y harmonyzatsyia ucheta y otchetnosty [International standardization and harmonization of accounting and reporting: textbook. Allowance] ucheb. posobye. M.: Bukhhalterskyi uchet. s. 136. [in Ukrainian].
9. Rakhubovskoho A.D. (2007) Upravlencheskyi uchet / Эntony A. Atkynson, Radzhyv D. Banker, Robert S. Kaplan, Mark S. Yanh [Management Accounting / Anthony A. Atkinson, Rajiv D. Banker, Robert S. Kaplan, Mark S. Young] 3-e yzd. M.: Vyliams. [in Ukrainian].
10. Yakovliev Yu.P. (2008) Kontrolinh na bazi informatsiinykh tekhnolohii [Controlling on the basis of information technologies: textbook. way. for students. econ. special higher textbook lock ] K.: Kondor. [in Ukrainian].
Published
2020-12-30
How to Cite
Goncharova , V., & Zachepylo , D. (2020). ACCOUNTING IN FOREIGN COUNTRIES. Bulletin of Zaporizhzhia National University. Economic Sciences, (4 (48), 49-54. Retrieved from http://journalsofznu.zp.ua/index.php/economics/article/view/1772
Section
National economy’s market mechanisms of accounting, analysis and audit