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International practice of formation of the national budget revenues on the basis of generally accepted financial reporting system (IFRS)

Author

Listed:
  • Dudin, Mikhail Nikolaevich

    (Russian Academy of Entrepreneurship)

  • Prokofiev, Mikhail Nikolaevich

    (Financial University under the Government of the Russian Federation)

  • Fedorova, Irina Yuryevna

    (Financial University under the Government of the Russian Federation)

  • Frygin, Aleksandr Vladimirovich

    (Financial University under the Government of the Russian Federation)

  • Kutsuri, Georgiy Nikolaevich

    (Financial University under the Government of the Russian Federation)

Abstract

The purpose of this article is to study the relationship between financial accounting business entities and filling of income for national budgets. Financial accounting - is the basis for calculating the tax base and income tax, which in many countries is one of the main items of budget revenues. The correctness of accrual and payment of taxes is not only filling the revenue part of the national budget, and timely execution of budgetary obligations, that is, timely financial support for the expenditure side of the national budget. During the presentation of the present article were obtained the following conclusions: 1) Financial Accounting is an ordered system for the collection and collation of information about the specifics of doing business organizations about the use and allocation of capital owners; 2) on the basis of financial accounting forms of the financial statements the financial statements describes the financial condition, investment attractiveness, solvency, creditworthiness; 3) currently existing country and regional financial reporting model may not be recognized as the reference is subject to manipulation credentials, both in the interests of the economic entity, and in the interests of the owners; 4) it is necessary to continue the improvement of international principles and standards and accounting model by the convergence of the financial and tax accounting for the purpose of a uniform tax assessment, the formation of the tax base and to ensure correct and timely payment of taxes to the national budgets.

Suggested Citation

  • Dudin, Mikhail Nikolaevich & Prokofiev, Mikhail Nikolaevich & Fedorova, Irina Yuryevna & Frygin, Aleksandr Vladimirovich & Kutsuri, Georgiy Nikolaevich, 2015. "International practice of formation of the national budget revenues on the basis of generally accepted financial reporting system (IFRS)," Published Papers d158, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:ppaper:d158
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    References listed on IDEAS

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    1. Dudin, Mikhail & Sekerin, Vladimir & Parfenova, Maria & Babishin, Vladimir & Yurkevich, Evgeny, 2014. "Methodology Making Management Decisions Based on a Modified Ramsey Model," Published Papers dud11, Russian Presidential Academy of National Economy and Public Administration.
    2. Paul Pacter, 2005. "What exactly is convergence?," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 2(1/2), pages 67-83.
    3. Dudin, Mikhail & Ljasnikov, Nikolaj & Kuznetsov, Alexander & Fedorova, Irina, 2013. "Innovative Transformation and Transformational Potential of Socio-Economic Systems," Published Papers dud1, Russian Presidential Academy of National Economy and Public Administration.
    4. Dudin, Mikhail & Prokofiev, Mikhail & Fedorova, Irina & Frygin, Aleksandr, 2014. "The World Experience of Transformation of Innovative Approaches to Assurance of Financial Stability of Social Economic Systems," Published Papers dud8, Russian Presidential Academy of National Economy and Public Administration.
    5. Куцури Г. Н., 2008. "Классификационные Основы Мировых Моделей Организации Банковского Надзора," Terra Economicus, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего профессионального образования «Южный федеральный университет», vol. 6(4-3), pages 216-218.
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    Keywords

    revenues; national budget;

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