Institutional analysis of financial statements and improvement of investment performance
 
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1
Plechanov Russian University of Economics,
2
Financial University under the Government of the Russian Federation
3
National research Moscow state construction university (NRU MGSU)
Online publication date: 2018-06-26
Publication date: 2018-06-26
 
Eurasian J Anal Chem 2018;13(4):em
 
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ABSTRACT
The authors determine the duality of the essence of institutionalism, manifested in the study of the rules and regulations of institutions related to accounting. The authors indicate a number of inconsistencies in the regulatory framework of related institutions and suggest ways to eliminate these differences identified in the study of the impact of formal and informal institutions on accounting in General. The authors identify inter-institutional contradictions between the institutions of law and accounting, indicating non-compliance in the practice of accounting conceptual foundations of financial reporting. The analysis showed the existence of contradictions between the institutions of law and accounting, indicating non-compliance in the practice of accounting for the principle of the predominance of substance over form, as well as differences in the reflection in the financial statements of investment property in accordance with IFRS and Russian national standards. It is established that in modern conditions the economic actions of the subject are associated with external factors that determine the correctness of economic decisions, as well as the development of the correct schemes and algorithms of behavior that are most suitable for each specific situation.
eISSN:1306-3057