Reforming the Russian accounting system in accordance with International Financial Reporting Standards has necessitated the use of Russian organizations of professional judgment. The article examines the impact of professional judgment on the financial indicators of companies.
This article is dedicated to the analysis of effectiveness of special economic zones (SEZ), a rather new, but promising phenomenon in Russian Federation economy. It includes general analysis of SEZ, its reaction to the world financial crisis, analysis of innovation implementation SEZ (II SEZ), and, in particular, its IT-potential. At the end, the cases related to innovative products realized in these zones are described and some economic and financial indicators suitable to describe the dynamics of development of these agglomerations of IT enterprises are given.
The present article aims to analyze the degree of diffusion of modern international business ethics practices like corporate social responsibility and corporate governance in the enterprises of Russian Federation. The relevance of this argument stands, on the one hand, in the increasing level of economic, political and trade relations between Europe and Russia and, secondly, in the importance of recent entrance of Russia in the World Trade Organization which has for Russian economy not only the purely commercial impact, but also leads to the changes in the business philosophy and in the ways to do business. From this point of view, the adoption of the best international business practices can constitute the fertile soil for the nearing of Russia to the global business community. Thus, the research aims to verify whether and how the intensification of these relations has an impact on corporate culture in Russia according to modern business standards.
In this paper we analyze the impact of financial and non-financial performance of Russian companies on the likelihood of corporate fraud. By constructing a regression model it was proven that the main factor indicating the presence of fraud in the company is an increase of the relationship between Sales General and Administration costs and amount of sales. The results of the study can be used as a basis for development of a methodology to identify and prevent fraud.
The paper examines some of the theoretical issues regarding the publication of the value added as a voluntary dosclosure in the process of accounting communication.