Title
Uticaj koncepta fer vrednosti na računovodstveni konzervatizam
Creator
Arsenijević, Aleksandra O., 1991-
Copyright date
2020
Object Links
Select license
Autorstvo-Nekomercijalno-Bez prerade 3.0 Srbija (CC BY-NC-ND 3.0)
License description
Dozvoljavate samo preuzimanje i distribuciju dela, ako/dok se pravilno naznačava ime autora, bez ikakvih promena dela i bez prava komercijalnog korišćenja dela. Ova licenca je najstroža CC licenca. Osnovni opis Licence: http://creativecommons.org/licenses/by-nc-nd/3.0/rs/deed.sr_LATN. Sadržaj ugovora u celini: http://creativecommons.org/licenses/by-nc-nd/3.0/rs/legalcode.sr-Latn
Language
Serbian
Cobiss-ID
Theses Type
Doktorska disertacija
description
Datum odbrane: 25.10.2020.
Other responsibilities
mentor
Spasić, Dejan 1968-
član komisije
Đukić, Tadija
član komisije
Sekerez, Vojislav
Academic Expertise
Društveno-humanističke nauke
University
Univerzitet u Nišu
Faculty
Ekonomski fakultet
Group
Katedra za opštu ekonomsku teoriju
Alternative title
The influence of fair value concept on accounting conservatism
Publisher
[А. О. Аrsenijević]
Format
[23], 311 list.
description
Biografija autora: list 308;
Bibliografija: list. 285-307.
description
Financial reporting
Abstract (en)
The business communication between entities and numerous
interested parties is driven by the financial statements. The basis for
the evaluation of financial statement items is important factor of
overall accounting information value. Traditional accounting
principles are subject of professional bodies’ innovation aiming to
direct their development and implementation in practice in terms of
emphasizing the advantages of the fair value concept. Namely, in the
light of modern technical and technological trends which have
influence to the global capital market and its dynamics, the fair value
concept represents a good method for determination of a real net
assets value in the specific moment. However, relevance of
information which this concept provides is endangered by the lack of
their reliability and verifiability due to neglect of a long-term prior
accounting principle – the principle of conservatism. This principle
contributes reducing the risk of overestimating the results, by relying
to realized gains and unrealized, but certain losses, and by respecting
the lower value principle for assets valuation and the higher value
principle for liabilities valuation. In this way, the outflow of capital
from the entities is prevented and the stability of their business is
maintained, as well as the causally related stability of the market. The
coexistence of the historical cost concept and the principles under its
auspices with the characteristics of the fair value concept is a
compromise solution of modern financial reporting, bearing in mind
the divergence of information requirements of different stakeholders.
The existence of a certain level of conservatism (caution) in the
application of the combined basis of financial reporting is a necessary
condition for its relevant and reliable results due to the inconsistency
of individual requirements of the two concepts. The main aim of the
doctoral dissertation is reflected in determining the impact of a
change of the significance of the crucial accounting principles on a
financial reporting reliability. Also, the aim of the doctoral
dissertation is reflected in perception of changes in the basis of
accounting valuation and their influence to the increase or decrease
the confidence of decision makers to the accounting information. In
addition to theoretical considerations, conclusions are made on the
basis of the empirical research which is done on the sample of the
entities quoted on the Belgrade Stock Exchange. It is determined that
the analyzed entities apply the fair value concept for certain forms of
fixed assets, while for the other part of these assets they still apply the
historical cost concept.
Authors Key words
Princip konzervativizma, tradicionalni računovodstveni
principi, koncept fer vrednosti, koncept istorijskog troška
Authors Key words
Conservatism principle, traditional accounting principles, fair value
concept, historical cost concept
Classification
657(043.3)
Subject
S 192
Type
Tekst
Abstract (en)
The business communication between entities and numerous
interested parties is driven by the financial statements. The basis for
the evaluation of financial statement items is important factor of
overall accounting information value. Traditional accounting
principles are subject of professional bodies’ innovation aiming to
direct their development and implementation in practice in terms of
emphasizing the advantages of the fair value concept. Namely, in the
light of modern technical and technological trends which have
influence to the global capital market and its dynamics, the fair value
concept represents a good method for determination of a real net
assets value in the specific moment. However, relevance of
information which this concept provides is endangered by the lack of
their reliability and verifiability due to neglect of a long-term prior
accounting principle – the principle of conservatism. This principle
contributes reducing the risk of overestimating the results, by relying
to realized gains and unrealized, but certain losses, and by respecting
the lower value principle for assets valuation and the higher value
principle for liabilities valuation. In this way, the outflow of capital
from the entities is prevented and the stability of their business is
maintained, as well as the causally related stability of the market. The
coexistence of the historical cost concept and the principles under its
auspices with the characteristics of the fair value concept is a
compromise solution of modern financial reporting, bearing in mind
the divergence of information requirements of different stakeholders.
The existence of a certain level of conservatism (caution) in the
application of the combined basis of financial reporting is a necessary
condition for its relevant and reliable results due to the inconsistency
of individual requirements of the two concepts. The main aim of the
doctoral dissertation is reflected in determining the impact of a
change of the significance of the crucial accounting principles on a
financial reporting reliability. Also, the aim of the doctoral
dissertation is reflected in perception of changes in the basis of
accounting valuation and their influence to the increase or decrease
the confidence of decision makers to the accounting information. In
addition to theoretical considerations, conclusions are made on the
basis of the empirical research which is done on the sample of the
entities quoted on the Belgrade Stock Exchange. It is determined that
the analyzed entities apply the fair value concept for certain forms of
fixed assets, while for the other part of these assets they still apply the
historical cost concept.
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