Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment

Svitlana Kuznetsova; Inna Tyvanyuk

doi:doi:10.11648/j.jfa.s.2014020601.13

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Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment

Svitlana Kuznetsova, Inna Tyvanyuk

Published in Journal of Finance and Accounting (Volume 2, Issue 6-1)

Received: 1 October 2014 Accepted: 9 October 2014 Published: 24 October 2014

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Abstract

Transformation of approaches to using different measurements in closing financial statements has been analyzed in this article. Evolution of the term “fair value” has also been systematized; fair value measurement development has been investigated in the international environment. Normative regulation to using measurements on fair value in Ukraine has been presented. Algorithm for choosing the form of accounting using fair value in the context of chaotic environment has been proposed.

Published in	Journal of Finance and Accounting (Volume 2, Issue 6-1) This article belongs to the Special Issue Synergy of Accounting, Finance and Management in Chaotic Environment
DOI	10.11648/j.jfa.s.2014020601.13
Page(s)	13-20
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

Fair Value, Financial Statement, IFRS, US GAAP, Financial Statement Measurement

References

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[2]	IFRS USA, Is IFRS coming to America?, 2012, retrieved from: http://ifrsusa.wordpress.com/
[3]	S. Kuznetsova and A. Kuznetsov “The Information Perspective of Management Accounting in Ukraine: The Synergistic Approach and Arrow’s Impossibility Theorem,” in World Journal of Social Sciences Vol. 4. No. 1. March 2014 Issue. pp. 140 – 153.
[4]	Bodie Z. Finance. The tutorial.. / Z. Bodie, Р. Merton; [trans. From English.]. – М.: Publishing research house "Williams», 2000. – 592 p.
[5]	Burton John C. Handbook of accounting and auditing./ John C. Burton, Russell E. Palmer, Robert S. Kay. – Boston. New York: Warren, Gorham& Lamont, 1981. – 1800 p.
[6]	V. Palii. Century Problematic issues of asset valuation and the circumstances in IAS / V. Palii // Formation of a market economy in Ukraine. Scientific collection: special edition 7. Financial analytical tools reforming the economic system of Ukraine. - Lviv: Nsereko, 2001. – pp. 99-104.
[7]	Scmidt F. Die organische Bilanz im Rahmen der Wirtschaft./ F. Scmidt. – Leipzig, 1921.
[8]	L. D. Revutsky. Fundamental value, Foundation-supplemented flax cost and fair value of the enterprise: concepts, indicators and methods of their determination. – М.: // Evaluation questions, № 3, 2012. pp 35 - 44.
[9]	International standards financial integration: [Electronic resource]. – Mode of access: http://www.ifrs.org/Pages/default.aspx
[10]	New IFRS consolidation and fair value measurement [The staff of authors Ernst & Young]. Moscow: Alpina Publisher 2014. – 406 p.
[11]	US GAAP : [Electronic resource]. – Mode of access: http://www.fasb.org/st/
[12]	O. Georgiou, L. Jack. In pursuit of legitimacy: A history behind fair value accounting, The British Accounting Review, Vol. 43, 2011, pp. 311-323
[13]	The Law of Ukraine "On accounting and financial reporting in Ukraine”:[Electronic resource]. – Mode of access: // http://www.rada.gov.ua/
[14]	Regulations (standards) of accounting: [Electronic resource]. – Mode of access: // http://www.rada.gov.ua/.

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APA Style

Svitlana Kuznetsova, Inna Tyvanyuk. (2014). Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment. Journal of Finance and Accounting, 2(6-1), 13-20. https://doi.org/10.11648/j.jfa.s.2014020601.13

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ACS Style

Svitlana Kuznetsova; Inna Tyvanyuk. Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment. J. Finance Account. 2014, 2(6-1), 13-20. doi: 10.11648/j.jfa.s.2014020601.13

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AMA Style

Svitlana Kuznetsova, Inna Tyvanyuk. Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment. J Finance Account. 2014;2(6-1):13-20. doi: 10.11648/j.jfa.s.2014020601.13

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@article{10.11648/j.jfa.s.2014020601.13,
  author = {Svitlana Kuznetsova and Inna Tyvanyuk},
  title = {Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment},
  journal = {Journal of Finance and Accounting},
  volume = {2},
  number = {6-1},
  pages = {13-20},
  doi = {10.11648/j.jfa.s.2014020601.13},
  url = {https://doi.org/10.11648/j.jfa.s.2014020601.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.s.2014020601.13},
  abstract = {Transformation of approaches to using different measurements in closing financial statements has been analyzed in this article. Evolution of the term “fair value” has also been systematized; fair value measurement development has been investigated in the international environment. Normative regulation to using measurements on fair value in Ukraine has been presented. Algorithm for choosing the form of accounting using fair value in the context of chaotic environment has been proposed.},
 year = {2014}
}

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TY  - JOUR
T1  - Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment
AU  - Svitlana Kuznetsova
AU  - Inna Tyvanyuk
Y1  - 2014/10/24
PY  - 2014
N1  - https://doi.org/10.11648/j.jfa.s.2014020601.13
DO  - 10.11648/j.jfa.s.2014020601.13
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 13
EP  - 20
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.s.2014020601.13
AB  - Transformation of approaches to using different measurements in closing financial statements has been analyzed in this article. Evolution of the term “fair value” has also been systematized; fair value measurement development has been investigated in the international environment. Normative regulation to using measurements on fair value in Ukraine has been presented. Algorithm for choosing the form of accounting using fair value in the context of chaotic environment has been proposed.
VL  - 2
IS  - 6-1
ER  -

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Author Information

Svitlana Kuznetsova

Department of International Finance and Banking, Alfred Nobel University, Dnipropetrovs’k, Ukraine
Inna Tyvanyuk

Department of International Finance and Banking, Alfred Nobel University, Dnipropetrovs’k, Ukraine

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APA Style

Svitlana Kuznetsova, Inna Tyvanyuk. (2014). Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment. Journal of Finance and Accounting, 2(6-1), 13-20. https://doi.org/10.11648/j.jfa.s.2014020601.13

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ACS Style

Svitlana Kuznetsova; Inna Tyvanyuk. Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment. J. Finance Account. 2014, 2(6-1), 13-20. doi: 10.11648/j.jfa.s.2014020601.13

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AMA Style

Svitlana Kuznetsova, Inna Tyvanyuk. Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment. J Finance Account. 2014;2(6-1):13-20. doi: 10.11648/j.jfa.s.2014020601.13

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@article{10.11648/j.jfa.s.2014020601.13,
  author = {Svitlana Kuznetsova and Inna Tyvanyuk},
  title = {Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment},
  journal = {Journal of Finance and Accounting},
  volume = {2},
  number = {6-1},
  pages = {13-20},
  doi = {10.11648/j.jfa.s.2014020601.13},
  url = {https://doi.org/10.11648/j.jfa.s.2014020601.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.s.2014020601.13},
  abstract = {Transformation of approaches to using different measurements in closing financial statements has been analyzed in this article. Evolution of the term “fair value” has also been systematized; fair value measurement development has been investigated in the international environment. Normative regulation to using measurements on fair value in Ukraine has been presented. Algorithm for choosing the form of accounting using fair value in the context of chaotic environment has been proposed.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment
AU  - Svitlana Kuznetsova
AU  - Inna Tyvanyuk
Y1  - 2014/10/24
PY  - 2014
N1  - https://doi.org/10.11648/j.jfa.s.2014020601.13
DO  - 10.11648/j.jfa.s.2014020601.13
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 13
EP  - 20
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.s.2014020601.13
AB  - Transformation of approaches to using different measurements in closing financial statements has been analyzed in this article. Evolution of the term “fair value” has also been systematized; fair value measurement development has been investigated in the international environment. Normative regulation to using measurements on fair value in Ukraine has been presented. Algorithm for choosing the form of accounting using fair value in the context of chaotic environment has been proposed.
VL  - 2
IS  - 6-1
ER  -

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