Financial statements under the economy globalization conditions: ways and perspectives of the development
Date
2018-02-10
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Lviv Politechnic Publishing House
Abstract
The key issues are described of the
current information field of the public financial
statements of modern corporate companies in the
context of its functions with regard to the information
insurance of different users under the conditions of the
global post-industrial economy. The assessment was
conducted of the methodological aspects of accounting
of separate objects of the modern corporations’ public
accounting. The key aspects are provided of the negative
impact of the restricted information of the financial
statements of transnational and socially important
national companies and the processes of management
and regulation of the national and global economy.
The suggested perspectives are analyzed in the
theory and world business practice of the development
of conceptual grounds for the solution of problem of the
adaptation of the format of public statements system of
the corporations to the modern economic conditions and
informational needs of different groups of users,
including the market institutional formations. The need
was accentuated of the improvement of accounting
approach and principles of presentation of the value of
modern corporations’ capital. Certain aspects of the
development of current basic financial statements
fundamentals are justified and suggested.
Description
Keywords
financial statements, system of indexes, theories, paradigms, adaptation, cost criteria
Citation
Ronek H. Financial statements under the economy globalization conditions: ways and perspectives of the development / H. Ronek, O. Lemishovska // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2018. — Vol 5. — No 1. — P. 1–8.