IMPROVING THE CHART OF ACCOUNTS AND ANALYTICAL ACCOUNTING FOR FINANCIAL INVESTMENTS IN ACCORDANCE WITH IFRS 9
DOI:
https://doi.org/10.5281/zenodo.21177425Keywords:
financial investments, IFRS 9, Chart of Accounts, sub-account, synthetic accounting, analytical accounting, accounting entries, amortized cost, fair value, ECL.Abstract
The article examines the improvement of the national Chart of Accounts and analytical accounting
for the recognition of financial investments in accordance with IFRS 9 “Financial Instruments”. It is substantiated
that the current Chart of Accounts lacks sub-accounts that enable financial investments to be accounted for
by measurement method. As a result of the research, a procedure is developed for opening nine additional
sub-accounts to accounts 0610 “Long-term Financial Investments” and 5810 “Current Financial Investments”,
as well as for maintaining their synthetic and analytical accounting. The proposed procedure ensures data
transparency and contributes to bringing financial statements into compliance with international standards.
References
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