Problems of reflecting income and expenses of future periods in accounting and financial statements

Abstract

The article deals with the issues of accounting and reflection in the financial statements of such objects as income and expenses of future periods. The presence of problems and contradictions in the interpretation of the economic content, name, accounting and reflection in the financial statements of these objects is substantiated. Based on the analysis of scientific publications, the existence of opposing scientific opinions on the expediency of saving income and expenses of future periods as objects of accounting and indicators of financial statements is shown. As a result of the study of the dynamics of the adoption of Russian accounting standards, the existence of a trend towards a reduction in the regulations in these standards relating to accounting and the reflection in the financial statements of income and expenses of future periods is substantiated. The prospects for further normative regulation of accounting and reflection in the financial statements of income and expenses of future periods are considered. The research methods were comparison, analysis, synthesis, grouping method, generalization, systematization, logical and system approaches. The results of the study complement the study of the problems of modern accounting and accounting reporting.