TY  - JOUR
T1  - Conceptual Framework for Creation of International Financial Accounting Models
AU - Polukhin, Oleg N. AU - Zimakova, Liliya A. AU - Tsiguleva, Svetlana N. AU - Mashirova, Svetlana P. AU - Chirkova, Viktoria V. 
JO  - International Business Management
VL  - 9
IS  - 7
SP  - 1604
EP  - 1608
PY  - 2015
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2015.1604.1608
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2015.1604.1608
KW  - Financial accounting
KW  -statements
KW  -accounting system
KW  -international model
KW  -framework
AB  - 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.
ER  -