Accounting in Terms of Crisis
Journal: Baikal Research Journal (Vol.9, No. 2)Publication Date: 2018-06-30
Authors : A.V. Rasputina; O.Y. Ziboreva;
Page : 4-4
Keywords : economic crisis; crisis in accounting; profession of accountant; computer programs; accounting reporting;
Abstract
The modern world is filled with crisis situations in various areas of human life. The outflow of foreign investment from Russia began in 2014, after introduction of sanctions and departure of large foreign companies from the domestic market. The internal factor leading to a crisis in the economy, and as a consequence - in accounting, is the lack of conditions for doing business in Russia. The number of liquidated domestic companies, according to statistics in 2017, exceeded the number of the newly created ones. The experts explain the changed approach to registration of organizations by improving the governmental control of the compulsory tax payments. Accountants have to work in updated transformed conditions, under which: there are constant changes in the financial law, and, in particular, in the tax legislation; the increase in tax penalties over the past few years, as well as the introduction of new fines, taxes and fees, and not only the tax ones; the development of accounting process automation, which affects the number of accountants towards its reduction, and in this connection - the increase of the professional requirements to the accountant work.
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