IDEAS home Printed from
   My bibliography  Save this article

Problems of Accounting Interpretation of the Results of Financial Activity


  • Svitlana Levytska

    () (National University of Water Management and Nature Resources Use, Rivne, Ukraine)

  • Ilona Panchuk

    () (National University of Water Management and Nature Resources Use, Rivne, Ukraine)


The concept of financial activity is often identified with the concept of financing. Financial activities as the object of accounting (activities that lead to changes in the size and composition of equity and debt capitals) are influenced by environmental factors that the enterprise cannot control. These difficulties affecting the organization of financial accounting of income and expenses, cash flow from financial activities and determine the financial result. The article is devoted to the problems of financial activities, resulting in three accounting subsystems: bookkeeping, tax and management accounting. The conditions of the interpretation of income and expenses from financial activities in financial and tax accounting are being disclosed. Revealed inconsistencies of provisions of national standards and recommendations on accounting and taxation of the financial activity operations that create differences in the formation of indicators of financial and tax reports. The list of financial activity transactions is given, interpretation of which caused controversy in accounting. The suggestions on harmonization of methodological provisions of bookkeeping and tax accounting are provided.

Suggested Citation

  • Svitlana Levytska & Ilona Panchuk, 2014. "Problems of Accounting Interpretation of the Results of Financial Activity," Accounting and Finance, Institute of Accounting and Finance, issue 4, pages 41-46, December.
  • Handle: RePEc:iaf:journl:y:2014:i:4:p:41-46

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    More about this item


    financial activity; accounting; tax accounting; management accounting; financial accounting; financial activity operations;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2014:i:4:p:41-46. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serhiy Ostapchuk). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.