Browsing by Author "Chavleshvili, Nino"
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Item Evaluative indicators and their impact on the reliability of financial statement information(Ivane Javakhishvili Tbilisi State University Press, 2023) Sreseli, Nana; Chavleshvili, NinoThe article discusses the theoretical and practical aspects of determining the impact of evaluation indicators on the reliability of financial reporting. Valuation indicators are the determination of the value of assets and liabilities in the current conditions of economic activity. When preparing financial statements, in some cases it is inevitable not to accurately reflect the events, but to take into account professional judgment and approximate estimation models based on analytical reasoning and available information, in such conditions, the financial statements reflect estimates formed due to probable uncertainty or lack of accurate estimation. Such values are called estimates and are based on the approaches and concepts established in the conceptual foundations of financial reporting. Despite the fact that due to objective circumstances, it is impossible to develop an ideal financial statement corresponding to the conceptual foundations, it is still of crucial importance to prepare it in such a way as to improve the quality of usefulness of financial statements. The article discusses the basis of the generation of evaluative indicators and their impact on the usefulness of general purpose financial statements. The work also presents issues regulated by International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), which relate to the assessment and revaluation of reserves in own capital.