BALTAZAR Е., BAYERSDORF M., BONEM M.
The article addresses certain aspects of IFRS 1 «First-Time Adoption of International Financial Reporting Standards» including some practical implications of its adoption by entities transferring from national GAAP to IFRS.
The paper focuses on the cost calculation procedure that is based on target costs. The paper provides general description of the method, area and conditions of its application, key elements. The target pricing process as well as key influence factors are investigated. The target price calculation is analysed by comparison with traditional approaches to profit planning
Successful experience in implementing internal controls in the management accounting system of a state technical university has been examined. The paper describes the value of controls as a control procedure to confirm the agreed efficiency level of a state university and key directions for the development.
The article covers several aspects of the process of generating falsified accounting (financial) reporting and the impact it has on the reputation of a business entity.
AMANZHOLOVA B.A., FADEEVA V.S.
The article presents evidence of the relevance of audit assessments of operational continuity («going concerns status) from the position of ensuring the quality of audit services and meeting the informational needs of users of accounting reports. On the basis of statistical and other data, the authors have analysed how operational continuity («going concerns status) is regulated.
The article describes current trends in environmental expense auditing; summarises the regulations that auditors should follow in conducting environmental expense audits; systematises the sources of information that an auditor should request when conducing an audit; and identifies and summarises potential errors in environmental expense accounting
The paper investigates the determining influence of the subjectivity factor on obtaining audit evidence and opining on reliability of entity's financial statements in line with the currently dominating concept of materiality and risk-based approach with the use of professional judgement.