@article{MAKHILLIBM20159726201,
    title = {Conceptual Framework for Creation of International Financial Accounting Models},
    journal = {International Business Management},
    volume = {9},
    number = {7},
    pages = {1604-1608},
    year = {2015},
    issn = {1993-5250},
    doi = {ibm.2015.1604.1608},
    url = {https://makhillpublications.co/view-article.php?issn=1993-5250&doi=ibm.2015.1604.1608},
    author = {Oleg N.,Liliya A.,Svetlana N.,Svetlana P. and},
    keywords = {Financial accounting,statements,accounting system,international model,framework},
    abstract = {Business globalization results in creation of common business space which successful operation depends to a great extent on awareness of its participants. Accounting plays an important role in this process. The purpose of this study is to reveal a conceptual framework for creation of international financial accounting models under current conditions. A comparative analysis of financial accounting systems was preliminary conducted and priority areas of their development were determined. On this basis, the following principles that underlie international accounting models were determined: traditional, internal and specific. Some accounting items were described. Two major approaches were distinguished with regard to accounting system organization: integration and disintegration. Methodological and managerial aspects of the distinguished systems were considered. The means of control were determined. Creation of a conceptual framework for international financial accounting models is aimed at harmonization of accounting information and financial statements as a basis for competent business management.}
    }