The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises

The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises

The article discloses peculiarities of the methodology of determining the general influence of the first application of IFRS in the formation of financial statements on the financial status of enterprises (improvement, deterioration or absence of changes in financial status). It also evaluates the p...

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Main Author: Zasadnyi Bohdan A.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-06-01
Series:Bìznes Inform
Subjects:
accountance
financial reporting
financial status of enterprises
IFRS
adaptation of IFRS
Online Access:http://www.business-inform.net/export_pdf/business-inform-2018-6_0-pages-269_274.pdf
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spelling doaj-a6a3261911274b589663cb44fc18ae5c2020-11-25T00:29:49ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2018-06-016485269274The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of EnterprisesZasadnyi Bohdan A. 0Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of Accounting and Auditing, Taras Shevchenko National University of KyivThe article discloses peculiarities of the methodology of determining the general influence of the first application of IFRS in the formation of financial statements on the financial status of enterprises (improvement, deterioration or absence of changes in financial status). It also evaluates the preparation and reliability of financial statements for the first time prepared with use of IFRS in order to identify systemacity or formality. The author substantiates the statement that those enterprises whose financial status remained unchanged after the transition to the application of IFRS came from a formal position to transformational adjustments and application of conceptual principles in the formation of financial statements.http://www.business-inform.net/export_pdf/business-inform-2018-6_0-pages-269_274.pdfaccountancefinancial reportingfinancial status of enterprisesIFRSadaptation of IFRS
collection DOAJ
language English
format Article
sources DOAJ
author Zasadnyi Bohdan A.
spellingShingle Zasadnyi Bohdan A.
The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises
Bìznes Inform
accountance
financial reporting
financial status of enterprises
IFRS
adaptation of IFRS
author_facet Zasadnyi Bohdan A.
author_sort Zasadnyi Bohdan A.
title The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises
title_short The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises
title_full The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises
title_fullStr The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises
title_full_unstemmed The Methodology for Evaluating the Impact of Applying of IFRS on the Financial Status of Enterprises
title_sort methodology for evaluating the impact of applying of ifrs on the financial status of enterprises
publisher Research Centre of Industrial Problems of Development of NAS of Ukraine
series Bìznes Inform
issn 2222-4459
2311-116X
publishDate 2018-06-01
description The article discloses peculiarities of the methodology of determining the general influence of the first application of IFRS in the formation of financial statements on the financial status of enterprises (improvement, deterioration or absence of changes in financial status). It also evaluates the preparation and reliability of financial statements for the first time prepared with use of IFRS in order to identify systemacity or formality. The author substantiates the statement that those enterprises whose financial status remained unchanged after the transition to the application of IFRS came from a formal position to transformational adjustments and application of conceptual principles in the formation of financial statements.
topic accountance
financial reporting
financial status of enterprises
IFRS
adaptation of IFRS
url http://www.business-inform.net/export_pdf/business-inform-2018-6_0-pages-269_274.pdf
work_keys_str_mv AT zasadnyibohdana themethodologyforevaluatingtheimpactofapplyingofifrsonthefinancialstatusofenterprises
AT zasadnyibohdana methodologyforevaluatingtheimpactofapplyingofifrsonthefinancialstatusofenterprises
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