Transformation of Value and Income Indicators and Their Accounting and Analytical Support

Belousov A.I., Kuznetsova E.V., Mihajlova G.V., Uzdenova F.M.
International Journal of Economics and Business Administration, Volume VII, Special Issue 1, 294-301, 2019
DOI: 10.35808/ijeba/273


Purpose: The objective of the article is to identify and evaluate transformational changes related to the degree of usefulness of effective financial indicators formed on the accounting basis. These indicators are extremely important for choosing the most effective investment and economic policy of the stakeholders. Structure/Methodology/Approach: To improve the quality and the value of accounting information, as well as to manage the profits and the value of business entities, the following has been revealed: first, the impact of static and dynamic concept of accounting; second, capabilities and limitations of integration of various accounting models and procedures; third, recommendations allowing adoption of accounting tools to the procedures of increasing standardization in financial statements. Findings: In order to reveal the impact of modern accounting procedures on the system of financial and economic performance indicators, a system of accounting procedures and indicators has been proposed. Practical Implications: The results of this study can be implemented into management practice to improve efficiency of property management for business units. Originality/Value: The core value of the study is to shift emphasis onto the aggregation of accounting and analytical tools for evaluation of property and inclusion of information reliability parameters into the system of financial and economic forecasting of business development.

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