Theoretical Foundations of Determination of Doubtful and bad Debts under Conditions of Anti-Crisis Measures
The article shows the reasons of the necessity to study methodology of determination of doubtful and bad debts. It states that unlike bad debts, characteristics of which are mostly defined in legislative and regulatory documents, characteristics of doubtful debts are not specifically defined. That is why it studies in detail the norms of not only national accounting standards but also norms of the Tax Code of Ukraine, legislative norms subordinate to Tax Code and also recommendations of the international accounting standard 39 "Financial instruments: Recognition and Measurement". It reckons that the characteristics of doubtful debts acquire special importance in the process of anti-crisis management, since the general order of writing off doubtful debts cannot be applied in this case. The article provides a list of characteristics of doubtful debts, the order of which is built depending on the weight of factors that influence the financial state of the subject-debtor in the real sector of economy, with the purpose of formation of reserve of doubtful debts in accounting and improvement of orders of restructurisation and writing off debts on the basis of legislative and regulatory norms.
Volume (Year): (2013)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.business-inform.net|
When requesting a correction, please mention this item's handle: RePEc:idp:bizinf:y:2013:i:3:p:286_292. 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: (Alexey Rystenko)
If references are entirely missing, you can add them using this form.