Communication and computing software: Features of standardization for IFR financial statements

The development of information technologies becomes essential for the usage of various software for treating financial reporting on communication and computing equipment. In view if this, users have tackled the issues of the standardization and a single format for elaborating a financial reporting format in the conditions of transition to international financial reporting standards (hereinafter-IFRS). In this article, we analyze the main issues that are associated with the use of software XML XBRL и XML IFRS, when creating a financial report on various communication and computing technologies. The research on the basis of the survey was conducted among 400 experts-accountants. For the analysis of survey results, calculating the proportion of reporting indicators using the A. Salai and V. Ryabtsev index. 65% of respondents are turned out using gadgets. As a result of the survey, it was found out that respondents mostly overcome difficulties when they are treating financial reports on the phone and tablets. Among the issues, reviewers have identified: format conversion, mismatching of editing formats, no convenient calculator, not enough mathematic symbols. When working out the financial reporting in different operating systems, the reviewers pointed out that there have been issues related to the mismatching of the reporting formats. The results of the survey can be taken into account when developing an integrated software in the convergence of Russian financial statements with IFRS, in particular, in its consolidation and transformation into an international format. © 2019, Institute of Advanced Scientific Research, Inc.. All rights reserved.

Prodanova N.1 , Trofimova L.1 , Demidova L.2 , Savchina O. 3 , Kabanova O.4 , Mohammad T.1
Institute of Advanced Scientific Research, Inc.
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8 Special Issue
  • 1 Plekhanov Russian University of Economics, Moscow, Russian Federation
  • 2 Moscow University of Finance and Law (MFUA), Moscow, Russian Federation
  • 3 Peoples’ Friendship University of Russia (RUDN University), Moscow, Russian Federation
  • 4 Institute of Socio-Political Research of the Russian Academy of Sciences, Moscow, Russian Federation
Conversion; Financial accounting; IFRS; Operating system; Software
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