Improving financial literacy of the population: international experience and Russian practice
The financial aspect affects almost all spheres of life of a modern person. Financial literacy provides an opportunity to manage your financial well-being. The lack of basic financial knowledge and…

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Technological innovation and manufacturing costs
In a modern market economy, the enterprise management environment should be the economic environment. This is due to the fact that the organization and the enterprise are economic categories that…

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Synchronization of management and financial accounting
In the past few years, more and more financial directors have been thinking about the issue of transferring management accounting and reporting of their enterprise to IFRS or at least…

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but nevertheless critical

Integrated Reporting – A New Reporting Model for Business

The concept of integrated reporting has recently occupied the first pages of professional publications in the world of accounting. The global financial crisis has revealed the need for a new economic model that could protect business, investors, employees and society from a series of subsequent deeper crises.

Currently, for the purposes of many companies, short-term benefits often prevail over the long-term goals of improving society’s life, by launching mechanisms that are more risk-aggressive in business behavior and decision-making models. This cannot but lead to market instability of a scale that threatens entire industries and economies. One aspect of criticism of this corporate reporting model is that it does not currently pay enough attention to factors such as risk, strategy, oversight, and the sustainability of an enterprise’s business model. Continue reading

Small business profit - its types and how to determine it.
After writing several articles on the effectiveness of small business, I received a letter from a reader asking what profit is in business. I believed that this question is so…

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Credit Debt Masochism
Today, one of the main topics of all world media is the debt crisis that erupted in Europe. The absolute and relative values ​​of various types of debt (external, state,…

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Economic Crimes
Economic crimes are part of mercenary crime directly related to economic relations in the country and in the world. Understanding of this group of acts is even more uncertain than…

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A reliable business plan for dummies
We are thinking Do you already know what kind of business you want to do, who is the consumer of your product or service and how will you sell them?…

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