THE PRINCIPLE OF PRUDENCE IN ACCOUNTING: NORMATIVE LEGAL REGULATION THE PROBLEMS OF APPLICATION

THE PRINCIPLE OF PRUDENCE IN ACCOUNTING: NORMATIVE LEGAL REGULATION THE PROBLEMS OF APPLICATION

Authors

  • Alexander, SUCHAREV

Keywords:

the principle of prudence, contingent facts, contingent liabilities, contingent assets estimated liabilities estimated assets

Abstract

The peculiarities of application of the precautionary principle in the accounting process and economic activities of the organization. The application of this principle is ambiguous and leads to a conflict of interest between the goals of the organization, top management and shareholders (owners).

Published

2023-04-12

Issue

No. 3 (2017): Herald of Tver State University. Series: Law

Section

Актуальные вопросы науки и правоприменительной практики