Author:
S. A. Lukyanova,
Candidate of Science in Economics, Associate Professor,
Dostoevsky Omsk State University,
55 Mira ave., Omsk, 644077, Russian Federation
ORCID ID: https://orcid.org/0000-0002-4328-8142
SPIN-code: 7394-7939
e-mail: lukyanova-1@mail.ru
Abstract:
Introduction. The problem of quality of information provision of users arises from non-observance of basic principles of collection and disclosure of accounting information. The system of economic relations is dynamically developing. Accounting standards cannot totally regulate all possible facts of economic ac-tivities of economic entities with constant changes in the environment. Accounting principles are designed to ensure the unity of the reflection and disclosure of information in the financial statements in an uncertain economic environment. The purpose of the article is to investigate the influence of accounting principles on the formation of particular economic indicators of economic entities.
Materials and Methods. The study is based on the methods of theoretical analysis of the provisions of normative documents, monographic research, observation and generalization of empirical data on the facts of economic activities of economic entities.
Results. Cause-effect relations between the principles of information formation and the qualitative characteristics of financial statements are identified and systematized. It is offered to group principles accord-ing to the impact on the objects of accounting and, consequently, on the indicators of financial statements.
Conclusions. Conclusions are drawn on the direct relationship between the compliance with account-ing principles and the quality of disclosure of information about the economic activities of an economic entity. Uniformity of standards for the formation and disclosure of information will help users to make sub-stantiated economic decisions.
Keywords:
Accounting principles, qualitative characteristics of financial statements, requirements for economic information, presentation of financial statements to concerned users, disclosure of information.
