The convergence of dualism of qualitative reporting characteristics

Bezruchuk Svitlana
PhD in Economics, Assistant Professor of the Department of Information Systems in Management and Accounting, Zhytomyr Polytechnic State University, Zhytomyr, Ukraine e-mail: : bezruchuksl@gmail.com, ORCID ID: http://orcid.org/0000-0001-7374-7875

Cite this article:

Bezruchuk S. The convergence of dualism of qualitative reporting characteristics. Scientific Bulletin of the Odessa National Economic University. 2021. № 5-6 (282-283). pp. 70-76.

Abstract

The author describes the interaction of qualitative characteristics of accounting reports in order to determine their interconnections. The matrix model of interaction is formed due to which it is concluded that the subjective-objective approach to the reporting assessment, and not just an objective, which is sustainable in most scientific concepts. Purpose. The theoretical issues of the multifaceted problem of improving the quality of accounting data are insufficiently resolved in terms of developing quality criteria, and especially their interaction (convergence). The scientists claim that the reporting will be of high quality, if a company uses the International Standards. However, the interaction and influence of qualitative reporting criteria are insufficiently studied. The article attempts to determine the dualistic impact of each of the financial statements described in the Conceptual Framework on the quality of financial reporting. Method. The article used a matrix method to study the mutual influence of qualitative characteristics of financial statements. The analysis was also carried out by selectively studying the submitted financial statements and the conclusions of the auditors to it 40 companies-objects of observation, which are presented in the TOP-100 largest taxpayers of Ukraine in 2019. Results The studies have proven that the existing criteria for the quality of reporting, defined only from the point of view of the internal user. Scientific novelty. The category "reporting quality" is not considered as a criterion for reporting in accordance with all requirements, it is situational according to the decision. Instead, quality should be considered not only in terms of quantitative characteristics, ie an objective approach, but also situational in relation to the decision made, ie to include a subjective approach. Practical importance. Such conclusions significantly change the concept of reporting quality, its essence, and, accordingly, lead to other approaches to the evaluation and definition of quality accounting criteria, which will improve the methodology of quality assessment by establishing new convergences.

Keywords

the usefulness of information, accounting, accounting statement, quality of accounting information, quality.

JEL classification: М400, С010 DOI: 10.32680/2409-9260-2021-5-6-282-283-70-76

УДК: 657.37

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