№ 1/2016

№ 1/2016

Nauk. pr. NDFI 2016 (1): 5–15

FINANCIAL AND ECONOMIC INTEGRATION OF UKRAINE INTO THE EU

GASANOV Sergіi ¹, KOTLJAREVSKYJ Jaroslav ², KUCHERIAVA Maria ³

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0002-7454-0419
²SESE “Academy of Financial Management”, Research ID : http://www.researcherid.com/rid/I-4694-2017
OrcID ID : https://orcid.org/0000-0003-3542-6952
³SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0003-2948-1234

Enforcement for the comparability of financial reporting: European direction and national reality

The process of harmonization of accounting in accordance with the world’s best accounting practices in Ukraine is lasted in accordance with European integration processes. There is a necessity in scientific support of improvement of State policy in the sphere of accounting and financial reporting. This is accomplished by further adaptation of national accounting methodology to European legislation. European Union continues to improve the legislation in the sphere of preparation and presentation of financial reporting. The European Union adopted a new Accounting Directive “EU Directive 2013/34/EU on the annual fi nancial statements, consolidated financial statements and related reports of certain types of undertakings”. Th ere are a lot of publications dedicated to the analysis of content of the new Accounting European Union Directive (Member State Options within the directive). The directive includes numerous Member State Options that reduce the overall comparability of financial statements within Europe (in accordance with European Federation of Accountants and Auditors for Small and medium entities). These options have to help with the assessment of the effectiveness of the regulation in the sphere of accounting and financial reporting. Authors marked one of the most important criteria – comparability, because this is the main target of the new accounting Directive. Also, this statement meets the philosophic principles of United Europe and has to be realized with the help of Directive 2013/34/EU. The experience of Member States (Republic of Poland) on implementation of the Directive’s provisions to the national legislation was investigated and analyzed by the authors. Th e next steps were made for the first time in the national accounting practice: the experience of EU Member States on implementation of norms of EU Directive 2013/34/EU was summed up; the analysis of conformity of Ukrainian Accounting Law’s provisions to Directive was conducted. Also, the main differences were distinguished by the authors.

Keywords:European integration, harmonization, implementation of the European legislation, Directive 2013/34/EU, Polish Accounting Law, Law of Ukraine “On Accounting and Financial Reporting in Ukraine”, ?nancial reporting, accounting.

JEL: F55, M40, M48.

Gasanov S. . Enforcement for the comparability of financial reporting: European direction and national reality / S. . Gasanov, J. . Kotljarevskyj, M. Kucheriava // Наукові праці НДФІ. - 2016. - № 1. - C. 5-15.

Article original in Ukrainian (pp. 5 - 15)

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