Browsing by Author "Kozmanashvili, Lia"
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Item Actual issues of enterprise cash flow reporting(Ivane Javakhishvili Tbilisi State University Press, 2019) Chiladze, Izolda; Kozmanashvili, LiaThe purpose of this article is to examine cash flow reporting indicators, quantitative relationships with other components of financial reporting, and identify trends in key money ratios for the example of analytical enterprises. Based on cash flow reporting information, it is possible to assess whether an enterprise has sufficient cash resources to meet its liabilities. Structural, coefficient and the comparative analysis methods of reporting are used for this purpose. The article examines the cash flow reporting structure and the key ratios of cash asset utilization efficiency for the three enterprises studies and makes appropriate conclusions. The study found that some companies use an indirect method of cash flow reporting, which makes their analysis imperfect. The basic method of preparing cash flows in accordance with International Financial Reporting Standards is a direct method because it is important in the analysis of cash flows. In addition, there are sometimes no internal quantitative-economic relationships between the financial reporting components of enterprises. We believe it is necessary for accounting departments, together with management, to prepare financial reporting information based on real financial-economic relationships, without any faults.Item Opinions on the “Estonian model” of income taxation(Ivane Javakhishvili Tbilisi State University Press, 2019) Kozmanashvili, LiaThe article discusses some of the tax and accounting aspects of introducing a new rule on income tax. The methodology for calculating profit tax is discussed. Practical examples of profit tax calculation are given.Item Problematic aspects of materiality assessment in the audit of financial statements(Ivane Javakhishvili Tbilisi State University Press, 2018) Kozmanashvili, LiaThe article discusses the problematic aspects of materiality assessment in the financial statements audit. The understanding of essentiality is the key to the accounting methodology, reporting financial statements and audit. The practical examples of the definition of essentiality are also represented. The methodology, which will promote the expression of substantiated auditing opinion, to define the essentiality is suggested, as well, that, in turn, will ensure the fulfillment of the international audit standards and the confidence building in the audit report.