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Necessity of Assessing the Quality of Financial Reporting

Author

Listed:
  • Maryna Pravdyuk

    (Vinnytsia National Agrarian University, Vinnytsia, Ukraine)

  • Tetyana Plakhtiy

    (Vinnytsia National Agrarian University, Vinnytsia, Ukraine)

Abstract

The purpose of the article is to justify the necessity of assessing the quality of accounting information on the basis of the use of qualimetric instruments. The role of evaluation of the quality of accounting information in ensuring the competitiveness of accounting as a system of information supply for decision making is substantiated. The reasons and factors of necessity of evaluation of the quality of accounting information are revealed. The emphasis is on the role of corporate scandals in raising the interest in assessing the quality of financial reporting. The reasons for the lack of unity of approaches to the assessment of the quality of financial reporting in the works of domestic and foreign scholars are highlighted. The classification of quality indicators in accounting and the factors influencing them are developed. The directions of evaluation of the quality of financial reporting as an ideal object of non-material nature are described. The essence of qualimetry as a scientific discipline is considered and the possibility of application of the toolkit of applied qualimetry for assessing the quality of financial reporting is substantiated. The classification of the basic methods of qualimetry is carried out and the peculiarities of their application in the assessment of the quality of financial reporting are determined.

Suggested Citation

  • Maryna Pravdyuk & Tetyana Plakhtiy, 2017. "Necessity of Assessing the Quality of Financial Reporting," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 52-58, September.
    • Handle: RePEc:iaf:journl:y:2017:i:3:p:52-58
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    References listed on IDEAS

    as
    1. Isidro, Helena & Raonic, Ivana, 2012. "Firm incentives, institutional complexity and the quality of “harmonized” accounting numbers," The International Journal of Accounting, Elsevier, vol. 47(4), pages 407-436.
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    More about this item

    Keywords

    valuation; accounting; quality of accounting information; quality of financial reporting; qualimetry;
    All these keywords.

    JEL classification:

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

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