Fundamentals of Component Development of Modern Financial Statements

The article is devoted to the fundamentals of the component development of the modern financial statements. The association is revealed between the postulates of economic theories and the indicators of financial statements in their present form, which describes the impact of the economic studies on the form and content of the required, mandatory and adequate reporting. In particular, by analyzing the chronological sequence of the occurrence and development of economic ideas about the socio-economic system (mercantilism, physiocratism, classical political economy, marginalism, Keynesianism, monetarism, institutionalism, hypereconomy, new information economy), the existence of the impact of economic theories on the configuration of the aggregate data on the company’s activities is proved. Depending on the intensity of the impact, the economic theories are ranged into two groups: those that have a significant impact on the relevant form of financial statements and those that define preconditions for further transformation of the modern financial statements. Probable directions of further development of the reporting segment of the accounting system are defined.