Abstract
The paper presents a critical analysis of the formation and disclosure of liquidation reports of Russian organizations in the context of an active transition to a digital economy. The problems, developing with a significant decrease in the effectiveness of accounting data in terms of the effectiveness of decision-making process conducted by financial statement users in the modern information society, predetermined the fundamental research in the field of the theory and practice of accounting and auditing.
Under these circumstances, the issue regarding the formation of high-quality liquidation reports to satisfy the information needs of creditors and external users of a bankrupt organization within the framework of the economy is no less significant. The scientific article discusses the main directions of modernization of financial (liquidation) reporting in the context of the information society. The paper provides the analysis of the current requirements for reporting indicators, as well as recommendations on the formation and disclosure of individual indicators of the financial state of a bankrupt organization.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Savary, J.: Le parfait négociant ou instruction générale pour ce qui regarde le commerce … et l’application des ordonnances chez Louis Billaire…; avec le privilège du ROY. (Reproduction en fac similé de la 1ère édition par Klassiker der Nationalökonomie, Allemagne) (1993)
Schar, J.F. Buchhaltung und Bilanz. Auf wirtschaftlicher, rechtlicher und mathematischer Grundlage für Juristen, Ingenieure, Kaufleute und Studierende der Betriebswirtschaftslehre. Berlin (1921)
Baetge, J.: Bilanzen. 4., überarbeitete Auflage. Düsseldorf: IDW-Verlag GBH (2000)
Oberbrinkmann, F.: Modern understanding of the balance sheet: Trans. with him. Ed. I’M IN. Finance and Statistics, Sokolov, Moscow 416 p. (2003)
Kuter, M.I.: Introduction to Accounting: A Textbook, p. 512. Krasnodar, Prosveshchenie-Yug (2012)
Kuter, M., Gurskaya, M., Andreenkova, A., Bagdasaryan, R.: The early practices of financial statements formation in medieval Italy. Account. Historians J. 44(2), 17–25 (2017). https://doi.org/10.2308/aahj-10543
Efimova, O., Rozhnova, O.: The corporate reporting development in the digital economy. In: Antipova, T., Rocha, A. (eds.) Digital Science. DSIC18 2018. Advances in Intelligent Systems and Computing, vol. 850, pp. 71–80. Springer, Cham (2019)
Antipova, T.: Digital view on the financial statements’ consolidation in Russian public sector. In: Antipova, T., Rocha Á. (eds.) Information Technology Science. MOSITS 2017. Advances in Intelligent Systems and Computing, vol. 724, pp 125–136. Springer, Cham (2018)
About accounting: Federal law of Russian Federation dated 6 December 2011 No402-FZ with changes and amendments
Civil Code of the Russian Federation (Part One): Federal law of Russian Federation date 30 November 1994 No51-FZ with changes and amendments
Kuter, M.I., Tkhagapso, R.A.: Accounting in Insolvency: A Textbook, p. 204. Kuban State University, Krasnodar (2005)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this paper
Cite this paper
Tkhagapso, R., Kuter, M., Trukhina, A. (2020). Liquidation Financial Reporting of Russian Companies in Terms of Digital Economy. In: Antipova, T. (eds) Integrated Science in Digital Age. ICIS 2019. Lecture Notes in Networks and Systems, vol 78. Springer, Cham. https://doi.org/10.1007/978-3-030-22493-6_8
Download citation
DOI: https://doi.org/10.1007/978-3-030-22493-6_8
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-22492-9
Online ISBN: 978-3-030-22493-6
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)