IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2016i2p23-28.html
   My bibliography  Save this article

Fundamentals of Component Development of Modern Financial Statements

Author

Listed:
  • Volodymyr Kebko

    (National Scientific Centre 'Institute of Agrarian Economics', Kyiv, Ukraine)

Abstract

The article is devoted to the fundamentals of the component development of the modern financial statements. The association is revealed between the postulates of economic theories and the indicators of financial statements in their present form, which describes the impact of the economic studies on the form and content of the required, mandatory and adequate reporting. In particular, by analyzing the chronological sequence of the occurrence and development of economic ideas about the socio-economic system (mercantilism, physiocratism, classical political economy, marginalism, Keynesianism, monetarism, institutionalism, hypereconomy, new information economy), the existence of the impact of economic theories on the configuration of the aggregate data on the company's activities is proved. Depending on the intensity of the impact, the economic theories are ranged into two groups: those that have a significant impact on the relevant form of financial statements and those that define preconditions for further transformation of the modern financial statements. Probable directions of further development of the reporting segment of the accounting system are defined.

Suggested Citation

  • Volodymyr Kebko, 2016. "Fundamentals of Component Development of Modern Financial Statements," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 23-28, June.
    • Handle: RePEc:iaf:journl:y:2016:i:2:p:23-28
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/370-fundamentalni-osnovi-rozvitku-skladovih-suchasnoi-finansovoi-zvitnosti.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/370/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Iryna Zhurakovska, 2014. "Disclosure of Intellectual Capital Components in Business Reporting in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 13-19, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Petro Kutsyk & Volodymyr Shevchuk & Svitlana Holovatska, 2018. "Consolidated Financial Statements: The Genesis of Normatively Regulating in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 26-37, December.
    2. Volodymyr Shevchuk, 2017. "Methodological Issues of Accounting Intellectual Benefits in Context of Development of Modern Accounting Paradigm," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 70-78, June.
    3. Vitaliy Pokynchereda, 2018. "Investment in Human Capital: Problems of Accounting," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 47-53, June.

    More about this item

    Keywords

    balance sheet; economic theories; financial statements; statement of changes in equity; statement of cash flows; income statement;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2016:i:2:p:23-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.