A methodology of accounting for derivative instruments: Challenges and solutions-Reference-Cited by-同舟云学术

A methodology of accounting for derivative instruments: Challenges and solutions

Published:2022-05-16 Issue:5 Volume:25 Page:486-506
ISSN:2073-5081
Container-title:International Accounting
language:
Short-container-title:IA

Author:

DRUZHILOVSKAYA Tat'yana Yu.¹^ORCID,DOBROLYUBOV Nikolai A.¹

Affiliation:

1. National Research Lobachevsky State University of Nizhny Novgorod (UNN)

Abstract

Subject. This article discusses the problems associated with the methodology of accounting for derivative financial instruments of non-financial organizations. Objectives. The article aims to develop recommendations for solving these problems. Methods. For the study, we used a critical analysis, synthesis, comparison, observation, and the analog approach. Results. The article shows the insufficiency of regulation of accounting for derivative financial instruments of Russian non-financial organizations, and it reveals significant differences in the interpretation of the economic essence of derivative financial instruments and the recommended methodological approaches to their valuation and accounting in the scientific literature. The article offers author-developed recommendations for solving problematic issues of accounting for derivative financial instruments of Russian non-financial organizations. Conclusions and Relevance. The current Russian accounting standards for non-financial organizations do not contain regulations on the accounting for derivative financial instruments. It is necessary to develop appropriate regulatory documents. The interpretation of the economic essence of derivative financial instruments, methodological approaches to their evaluation and accounting, proposed in the scientific literature, differ significantly. The results obtained have both applied and theoretical applications in the field of financial accounting.

Publisher

Publishing House Finance and Credit

Subject

General Earth and Planetary Sciences,General Environmental Science

Reference20 articles.

1. Druzhilovskaya T.Yu. [Transformation of financial investments in accordance with IFRS]. Bukhgalterskii uchet, 2006, no. 12, pp. 50–55. (In Russ.)

2. Shichalina V.A., Zhitlukhina O.G. [On clarifying the definition of derivative financial instruments in the aspect of accounting]. Ekonomicheskie issledovaniya i razrabotki, 2020, no. 1, pp. 11–15. (In Russ.) URL: Link

3. Tarasova Yu.A. [Improving the methodology for reflecting operations with derivative financial instruments in the accounting of organizations that are not financial institutions]. Izvestiâ Sankt-Peterburgskogo gosudarstvennogo èkonomičeskogo universiteta, 2017, no. 2, pp. 147–152. URL: Link (In Russ.)

4. Zhitlukhina O.G. [Derivative financial instruments in the aspect of accounting and financial accounting]. Vestnik Tikhookeanskogo gosudarstvennogo ekonomicheskogo universiteta, 2011, no. 2, pp. 62–71. URL: Link (In Russ.)

5. Sapozhnikova N.G. [The issues of generating information on derivative financial instruments in corporate accounting and reporting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2013, vol. 16, iss. 7, pp. 2–9. URL: Link (In Russ.)