IDEAS home Printed from https://ideas.repec.org/a/idp/bizinf/y2013i6p325_329.html
   My bibliography  Save this article

Losses: Recognition Criteria, Category Features, Interpretation

Author

Listed:
  • Ostapenko Tatyana N.

    () (Poltava State Agrarian Academy)

Abstract

The article solves the confusion with respect to simultaneous use of the terms "expenditures" and "losses" - by means of the study of processes, which cause their formation. Different modern interpretations of the "costs" category are considered. The article provides the author's interpretation of the "expenditures" notion. It offers the author's own view of losses and expenditures in the system of the company economy. Features of the "losses" category and criteria of recognition of losses are provided with the aim to specify such a group of indicators as losses and also for better essential understanding (interpretation). Criteria of recognition of losses include: absence of their purpose, unpredictability of appearance, stipulation by risks of owning property, non-advent (non-expectation of advent) of a positive economic effect for a company. It is offered to include the following into the features of the "losses" category: loss of own cost by assets or liabilities, which is caused by factors that indicate that effectiveness of assets, liabilities and receivables is or will be worse than it was expected, also expression of reduction of value of inventory holdings, investments, assets or liabilities, absence of direction of their appearance (benefits).

Suggested Citation

  • Ostapenko Tatyana N., 2013. "Losses: Recognition Criteria, Category Features, Interpretation," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 6, pages 325-329.
  • Handle: RePEc:idp:bizinf:y:2013:i:6:p:325_329
    as

    Download full text from publisher

    File URL: http://www.business-inform.net/pdf/2013/6_0/325_329.pdf
    Download Restriction: no

    More about this item

    Keywords

    expenditures; losses; assets; liabilities;

    Statistics

    Access and download statistics

    Corrections

    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:idp:bizinf:y:2013:i:6:p:325_329. 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). General contact details of provider: http://www.business-inform.net .

    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.