DETERMINATION OF PROFITABILITY OF AN ECONOMIC SUBJECT WITH THE HELP OF OPTIMIZATION OF FINANCIAL STATEMENTS ON THE BASIS OF INTERNATIONAL STANDARDS.
Keywords:
total gross income, profit, revaluation, financial asset, financial statements, unprofitability, profitability.Abstract
This article discusses financial reporting standards, as well as current reporting forms. Reporting forms for total gross income, adapted to the specifics of the domestic economy, were also provided.
References
Article by Marina Sivova “Rules for preparing a statement of comprehensive income under IFRS”
International Financial Reporting Standards 16 “Fixed Assets;
International Financial Reporting Standards 38 “Revenue”
International Financial Reporting Standards 39 "Financial Instruments"
International Financial Reporting Standards 19 Employee Benefits
International Financial Reporting Standards 21 “The Effects of Changes in Foreign Exchange Rates”
International Financial Reporting Standards 1 “Presentation of Financial Statements”
