The Accounting Principles: Terminology Issues
| Autor: | Lukin Vladimir О., Mаliarevskyi Yurii D. |
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| Jazyk: | English<br />Russian<br />Ukrainian |
| Rok vydání: | 2019 |
| Předmět: | |
| Zdroj: | Bìznes Inform, Vol 1, Iss 492, Pp 284-290 (2019) |
| Druh dokumentu: | article |
| ISSN: | 2222-4459 2311-116X |
| Popis: | The article is aimed at researching different approaches to the definition of the term of «principles of accountance». Different terms are used in the writings of domestic and foreign authors, as well as in normative materials of different countries. Most often these terms are not defined in normative documents, which complicates an understanding of their essence. The system of international accountance and financial reporting standards also uses two terms, «principle» and «fundamental assumption», without definition. Their analysis suggests that the term of «principle» is used in the case of an unconditional principle that is usable in all cases; the term of «fundamental assumption» is used in the case of an implicit principle which is not of a universal character. There is also no clear division of the terms of «principles» and «qualitative characteristics» in the system of international standards. As a result, the number and relationship of quality characteristics are constantly changing in different editions of the Conceptual framework for financial reporting. It is concluded that the basic terms of accountance need to be defined at the international level. |
| Databáze: | Directory of Open Access Journals |
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