Financial liabilities presentation in financial statements: procedural and analytic issue

Authors

M. I. Kuter
Kuban State University, Russian Federation
Y. A. Abrosimova
Krasnodar University of the Russian Interior Ministry, Russian Federation
Y. N. Molodtsova
Kuban State University, Russian Federation

Abstract

In the study argued the appropriateness of issued and received advances on the individual sub-accounts of the assets and liabilities accounts, that simplify the procedure of making financial statements and avoid errors related to offsetting receivables and accounts payable. Authors recommended gathering long-term and short-term borrows on the same synthetic account that will ensure consistency in accounting for financial assets and liabilities.

Keywords

small and medium enterprises, infrastructure, government support, microfinance

Authors Info

M. I. Kuter

Doctor of Economic Sciences, Professor, Head of the Chair of Accounting, Audit and Automated Data Processing at Kuban State University

Y. A. Abrosimova

lecturer of the Chair of Economics, Accounting and Auditing at Krasnodar University of the Russian Interior Ministry

Y. N. Molodtsova

graduate student of the Chair of Accounting, Audit and Automated Data Processing at Kuban State University

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Article Details

Issue

2014 · No. 1 (33)

Section

Accounting System Analysis

Publication History

Published 2014-03-15

How to Cite

[1]
Kuter M.I., Abrosimova Y.A., Molodtsova Y.N. Financial liabilities presentation in financial statements: procedural and analytic issue // Economics: Theory and Practice. 2014. No 1 (33). С. 45–49. URL: https://etip.kubsu.ru/article/view/146

License

Copyright (c) 2025 M. I. Kuter, Y. A. Abrosimova, Y. N. Molodtsova

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.