Basis of financial and management accounting formation within a concession company

DOI

10.2991/cssdre-19.2019.60How to use a DOI?

Keywords

concession agreement, concession, accounting engineering tools, derivative balance sheet, international model, management accounting

Abstract

The article presents the main types of concessions and their Russian application. The article covers the principal statements on financial and management accounting maintenance within a concession company. The importance of the accounting division into the financial and management ones is defined in the article. The article outlines the options for concessional assets disclosure in the accounts. The article compares two accounting models: an international model of financial accounting and a traditional financial accounting system. The international financial accounting model applicability for a concession company is concluded. The use of new management accounting tools is substantiated. The authors assume the accounting engineering tools to facilitate goals achievement and concessional assets analysis, valuation and management. Such tools can be represented by derivative balance sheets aimed at a company valuation, taking into account the influence of various external and internal factors. The comparison of two accounting models: an international model of financial accounting and a traditional financial accounting system is carried out. The international financial accounting model applicability for a concession company is concluded. The use of new management accounting tools is substantiated. The authors assume the accounting engineering tools to facilitate goals achievement and concessional assets analysis, valuation and management.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Tatiana Grafova
AU  - Irina Tishchenko
AU  - Oksana Mishchenko
AU  - Irina Kirishcheva
AU  - Victoria Kirishcheva
PY  - 2019/06
DA  - 2019/06
TI  - Basis of financial and management accounting formation within a concession company
BT  - Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Development of the Regional Economy" (CSSDRE 2019)
PB  - Atlantis Press
SP  - 300
EP  - 304
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-19.2019.60
DO  - 10.2991/cssdre-19.2019.60
ID  - Grafova2019/06
ER  -