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Registration Number

0222U004577, 0121U110030 , R & D reports

Title

Accounting and analysis as a function of management of state-owned enterprises in terms of application of International Financial Reporting Standards

Head

Lovinska Liudmyla H., д.е.н.

Registration Date

12-09-2022

Organization

State Educational Institution "Academy of Financial Management"

Description

The research methods: general scientific and special methods of cognition, in particular induction, deduction, analysis, synthesis, mean and relative quantities, generalization, concretization, dynamics, comparison, graphical techniques, coefficient analysis, modeling methods, analytical and structural grouping, methods of association. The methodological bases of formation of profit of state-owned enterprises for the purpose of accrual of dividends through limitation of size of their expenses are specified and improved; identifies patterns and shortcomings of state-owned enterprises in the process of formulating and determining financial statements in the transition to IFRS; improved disclosure of discounts related to long-term receivables due to the creation of a special regulatory sub-account "Discount of financial assets"; the method of accounting for gratuitously received fixed assets not from the owner (state) has been improved; the mechanism for assessing the effectiveness of state property management has been improved; amended Regulation № 1213 in terms of improving the accounting policy of state-owned enterprises through the establishment of quantitative criteria for the allocation of component to the separate object of accounting for fixed assets, detailing the procedure for revaluation, determining the duration of the period for recognition of qualifying assets, disclosure of the order of classification of further expenses on fixed assets after their initial recognition, the need to refine the approach to choosing an effective interest rate for discounting, etc. The results of the research were analyzed and utilized by the Department of methodology of the accounting and regulatory support of the audit industry of the Ministry of Finance of Ukraine for the understanding of impact of the application of IFRS on the activities of state-owned enterprises.

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Hnylytska Larysa V.
Korshykova Renata S.
Lovinska Liudmyla H.
Mamyshev Andriy V.
Nebyltsova Oksana V.
Ozeran Alla V.
Parasii-Verhunenko Iryna M.
Samborska-Muzychko Yuliia O.
Stohniy L. V.
Kharlamova Olena V.