Improving the Financial Reporting of Organizations in the Digital Economy
https://doi.org/10.26794/2408-9303-2019-6-1-50-61
Abstract
The article systematizes the impact of the digital economy development on the following aspects related to financial reporting: the operational information used; preparation and processing of input information for compiling reporting forms; interpretation of financial statements; presentation of output information; processing and use of information that financial statements include. The article analyzes the problem of the relationship between the development of the digital economy and ensuring the qualitative characteristics of financial statements, such as relevance, predictive value, confirming value, materiality, fair representation, completeness, neutrality, comparability, verifiability, timeliness, clarity and being error-free. The article proposed the authors’ vision of the development of approaches to the formation and presentation of financial statements under the influence of increasing digitalization of the economy. The article justifies the possibility of presenting financial reports in a modified digital format using the user menu. This menu allows the users to get additional information on the activities of the organization, the regulatory framework used; calculate the indicators using alternative methods, compute the ratios for economic analysis on the basis of these indicators, make a forecast for the organization’s prospects, interact on-line with those who compile reports.
About the Authors
T. Yu. Druzhilovskaya
Lobachevsky State University of Nizhny Novgorod.
Russian Federation
Russian Federation
Tatyana Yu. Druzhilovskaya — Dr. Sci (Econ.), Professor of the Accounting Department in the Institute of Economics and Entrepreneurship.
Nizhny Novgorod.
E. S. Druzhilovskaya
Lobachevsky State University of Nizhny Novgorod.
Russian Federation
Russian Federation
Emilia S. Druzhilovskaya — Cand. Sci. (Econ.), Assistant Professor at the Accounting Department in the Institute of Economics and Entrepreneurship.
Nizhny Novgorod.
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Review
For citations:
Druzhilovskaya T.Yu., Druzhilovskaya E.S. Improving the Financial Reporting of Organizations in the Digital Economy. Accounting. Analysis. Auditing. 2019;6(1):50-61. (In Russ.) https://doi.org/10.26794/2408-9303-2019-6-1-50-61
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