IFRS reporting in the conditions of digitalization of business processes
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Title: |
IFRS reporting in the conditions of digitalization of business processes |
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Authors: |
KILYAR, Oleksandra |
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Affiliation: |
Ternopil Ivan Puluj National Technical University, 56 Ruska str., Ternopil, 46001, Ukraine |
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Bibliographic description (International): |
Kilyar, O. & Synkevych, N. (2021) Zvitnist za MSFZ v umovakh didzhytalizatsii biznes-protsesiv [IFRS reporting in the conditions of digitalization of business processes]. Sotsialno-ekonomichni problemy i derzhava [Socio-Economic Problems and the State] (electronic journal), Vol. 25, no. 2, pp. 287-295. Available at: http://sepd.tntu.edu.ua/images/stories/pdf/2021/21kordbp.pdf |
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Journal/Collection: |
Scientific Journal "Socio-Economic Problems and the State" |
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Issue: |
2(25) |
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Issue Date: |
Nov-2021 |
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Submitted date:
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Oct-2021 |
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Date of entry: |
5-Sep-2022 |
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Publisher: |
Ternopil Ivan Puluj National Technical University |
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Country (code): |
UA |
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Place of the edition/event: |
Ternopil |
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ORCID Id: |
https://orcid.org/0000-0003-2344-5961 |
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DOI: UDC: |
https://doi.org/10.33108/sepd2022.02.287 657.37:005 |
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JEL: |
M49 |
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Keywords: |
digital technologies |
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Number of pages:
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9 |
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Page range: |
287-295 |
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Start page: |
287 |
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End page: |
295 |
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Abstract: |
The article reveals the features of the introduction of digital technologies in the processes of disclosure of financial statements and providing access to information about the financial condition of business structures to key stakeholders. Emphasis is placed on the essence of the concept of taxonomy and generalized approaches to the application of taxonomy of financial statements that are submitted in electronic format and compiled in accordance with the requirements of international standards. The requirements of normative-legal documents to the application of taxonomy of reporting are investigated. The peculiarities of the application of application software in the process of compiling and submitting reports, in particular the possibility of using documents in Inline XBRL format, are highlighted. The features of the international standard eXtensible Business Reporting Language, which is designed to present financial statements in accordance with international financial reporting standards in electronic form, are summarized. The role of state regulators and experts in the development of the taxonomy of UA XBRL IFRS is determined. The essence and functions of the Financial Reporting System and reporting algorithm in electronic taxonomy format UA XBRL IFRS 2020 are revealed. to the Financial Reporting Collection Center. The presented software products used in the Financial Reporting System in the context of the following groups are analyzed and grouped: software for compiling financial statements; software for validation (verification) of financial statements; software for signing financial statements. The problematic issues that arise in domestic businesses in the process of implementing the taxonomy of financial reporting UA XBRL IFRS and areas of further research are identified. |
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URI: |
http://elartu.tntu.edu.ua/handle/lib/38676 |
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ISSN: |
2223-3822 |
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Copyright owner: |
Scientific Journal "Socio-Economic Problems and the State" |
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URL for reference material: |
http://sepd.tntu.edu.ua/images/stories/pdf/2021/21kordbp.pdf |
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References (International): |
1. Memorandum pro vzayemorozuminnya shchodo rozrobky i zaprovadzhennya systemy finansovoyi zvitnosti vid 18.12.2017 r. № 102/15 Available at: https://zakon.rada.gov.ua/laws/show/v0102201-17#Text (accessed 08 Octovber 2021) |
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Content type: |
Article |
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Appears in Collections: |
Scientific Journal "Socio-Economic Problems and the State", Vol.25, No.2
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