International practice of formation of the national budget revenues on the basis of generally accepted financial reporting system (IFRS)

Mikhail Nikolaevich Dudin (), Mikhail Nikolaevich Prokofiev, Irina Yuryevna Fedorova, Aleksandr Vladimirovich Frygin and Georgiy Nikolaevich Kutsuri
Additional contact information
Mikhail Nikolaevich Dudin: Russian Academy of Entrepreneurship
Mikhail Nikolaevich Prokofiev: Financial University under the Government of the Russian Federation
Irina Yuryevna Fedorova: Financial University under the Government of the Russian Federation
Aleksandr Vladimirovich Frygin: Financial University under the Government of the Russian Federation
Georgiy Nikolaevich Kutsuri: Financial University under the Government of the Russian Federation

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The purpose of this article is to study the relationship between financial accounting business entities and filling of income for national budgets. Financial accounting - is the basis for calculating the tax base and income tax, which in many countries is one of the main items of budget revenues. The correctness of accrual and payment of taxes is not only filling the revenue part of the national budget, and timely execution of budgetary obligations, that is, timely financial support for the expenditure side of the national budget. During the presentation of the present article were obtained the following conclusions: 1) Financial Accounting is an ordered system for the collection and collation of information about the specifics of doing business organizations about the use and allocation of capital owners; 2) on the basis of financial accounting forms of the financial statements the financial statements describes the financial condition, investment attractiveness, solvency, creditworthiness; 3) currently existing country and regional financial reporting model may not be recognized as the reference is subject to manipulation credentials, both in the interests of the economic entity, and in the interests of the owners; 4) it is necessary to continue the improvement of international principles and standards and accounting model by the convergence of the financial and tax accounting for the purpose of a uniform tax assessment, the formation of the tax base and to ensure correct and timely payment of taxes to the national budgets.

Keywords: revenues; national budget (search for similar items in EconPapers)
Pages: 8 pages
Date: 2015
New Economics Papers: this item is included in nep-acc
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/ppaper/d158.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnp:ppaper:d158

Access Statistics for this paper

More papers in Published Papers from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().