Evaluative indicators and their impact on the reliability of financial statement information

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dc.contributor.authorSreseli, Nana
dc.contributor.authorChavleshvili, Nino
dc.date.accessioned2024-01-24T07:21:33Z
dc.date.available2024-01-24T07:21:33Z
dc.date.issued2023
dc.description1. Conceptual Foundations of Financial Reporting 2021. https://saras.gov.ge 2. IAS 1 - Presentation of financial statements. 2021 https://saras.gov.ge 3. IAS 8 - Accounting policies, changes in accounting estimates and errors. 2021. https://saras.gov.ge 4. IAS 37- "Temporary Liabilities, Contingent Liabilities and Contingent Assets" 2021 https://saras.gov.ge 5. International Financial Reporting Standard (IFRS), 2021. https://saras.gov.ge 6. Kryatova, L. A., Nurgalieva, R. N., Amirova, R. I., Gamilovskaya, A. A., & Ivanova, E. V. (2022). Features of the Application of IAS 21 “Impact of Exchange Rate Changes”. In Сooperation and 1. Sustainable Development (pp. 711-718 7. Singh, J. P. (2018). On hedge effectiveness assessment under IFRS 9. Audit Financiar, 16(149), 157-170. 8. Alekseeva G.I. Accounting policy and estimated values: the procedure for reflecting changes in reporting under RAS and IFRS // International Accounting, 2015, no. 28 (370), p. 2-11.
dc.description.abstractThe 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.
dc.identifier.citationConference Proceedings: "The World Economy in the Post-Pandemic Period: Implications and Challenges", Tbilisi, 2023, pp. 227-232
dc.identifier.isbn978-9941-36-111-1
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/2386
dc.language.isoother
dc.publisherIvane Javakhishvili Tbilisi State University Press
dc.titleEvaluative indicators and their impact on the reliability of financial statement information
dc.typeArticle
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