Economics, Econometrics and Finance
2 years ago

New accounting concept revolutionizes financial reporting for market economy.

Sibirskaya finansovaya shkola
The concept of accounting for contractual obligations in the field of accounting for financial instruments
V.S. Plotnikov, Saule S. Kanapinova

Paper Summary

The article discusses how accounting rules need to adapt to the changing market conditions. It introduces the concept of accounting for contractual obligations, which helps include legal agreements and commitments in financial reporting. This concept aligns with international standards for accounting financial instruments and revenue from contracts.

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