Quality of Financial Reporting of the Enterprise: Evaluation Methodology

Authors

  • Nataliia Pravdiuk Head of Department of Accounting, Vinnytsia National Agrarian University, Ukraine
  • Valerii Bondarenko Department of Marketing and Advertising, Vinnytsia Institute of Trade and Economics of Kyiv National University of Trade and Economics, Ukraine
  • Vitalii Pokynchereda Department of Accounting and Taxation, Vinnytsia Institute of Trade and Economics of Kyiv National University of Trade and Economics, Ukraine
  • Olga Timchenko Department of Enterprise, Trade and Exchange, Kyiv Cooperative Institute of Business and Law, Ukraine

DOI:

https://doi.org/10.14207/ejsd.2021.v10n2p113

Keywords:

quality of financial reporting, quality of accounting information, integral indicator of quality of financial reporting, qualified model of assessment of quality of financial reporting

Abstract

The article substantiates the necessity of carrying out the assessment of the quality of financial reporting of the enterprise with the purpose of inserting the level of its information filling to the needs of users and increasing their confidence in the institute of accounting. Proceeding from it theoretical and methodological positions of estimation of quality of the financial reporting on the basis of use of the theory of qualimetry are developed. The proposed model covers three consecutive stages, which provide for the description of the process of assessing the quality of financial reporting, the formation of a system of indicators for assessing the quality of financial reporting and determining the scale of their assessment, the quantitative assessment of qualitative properties of financial reporting, the analysis of the results of assessing the quality of financial reporting and management decisions. It is grounded that practical application of the developed method of assessment of financial reporting quality in contrast to the existing methods allows the development of separate models of assessment of financial reporting quality taking into account the needs of specific groups of users of accounting information and in accordance with the priority of qualitative properties of financial reporting defined by them.

Downloads

Published

2021-06-01

How to Cite

Pravdiuk, N. ., Bondarenko, V. ., Pokynchereda, V. ., & Timchenko, O. . (2021). Quality of Financial Reporting of the Enterprise: Evaluation Methodology. European Journal of Sustainable Development, 10(2), 113. https://doi.org/10.14207/ejsd.2021.v10n2p113

Issue

Section

Articles