№ 3/2018

№ 3/2018

Nauk. pr. NDFI 2018 (3): 127–142https://doi.org/10.33763/npndfi2018.03.127

FINANCIAL AND ECONOMIC INTEGRATION OF UKRAINE INTO THE EU

KUCHERIAVA Maria ¹

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0003-2948-1234

Consolidated financial reporting in the context of implementation of EU directive requirements

Under conditions of the necessity to provide high-quality financial information for the effective decision-making process, it is necessary to investigate the development and changes in the area of the institutional provision for consolidated financial reporting in the context of European integration. The object of the investigation is the system of legal and regulatory support for the preparation of consolidated financial reporting as part of the implementation of EU legislation and the establishment of best international practice. The author considers the institutional framework of the legislation in focus and investigates the theoretical basis for the preparation of high-quality consolidated financial reporting under globalization processes. The core provisions of the new Conceptual Framework for Financial Reporting (edited by the International Accounting Standards Board in 2018) in the area of preparation of consolidated financial reporting is analyzed. The author conducts the comparative analysis of the terminology in the area of financial reporting and consolidated financial reporting in accordance with the provisions of the Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings and requirements of Ukrainian legislation. The substantiation of the proposals on the national legislation in the area of preparation of consolidated financial reporting for compliance with the provisions of Directive 2013/34/EU and papers issued by the International Accounting Standards Board is the result of the present investigation.

Keywords:consolidated financial reporting, implementation of EU directive requirements, International Financial Reporting Standards, National Accounting Standards

JEL: М41, М42, М48

Kucheriava M. . Consolidated financial reporting in the context of implementation of EU directive requirements / M. Kucheriava // Наукові праці НДФІ. - 2018. - № 3. - C. 127-142.

Article original in Ukrainian (pp. 127 - 142)

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