Organizational Statements Research Articles

РАЗВИТИЕ МЕТОДОВ АНАЛИЗА ФИНАНСОВОЙ ОТЧЕТНОСТИ В ОЦЕНКЕ ФИНАНСОВО-ХОЗЯЙСТВЕННОЙ ДЕЯТЕЛЬНОСТИ ГОСУДАРСТВЕННОГО (АВТОНОМНОГО) УЧРЕЖДЕНИЯ ЗДРАВООХРАНЕНИЯ

The article is devoted to an urgent topic — the search for the best combination of goals for the state and citizens in matters of public health and ensuring the rights to receive medical services. The subject of the research is a set of theoretical, methodological and regulatory issues of the application of financial reporting analysis methods in assessing the financial and economic activities of a state autonomous healthcare institution. The purpose of the research is to provide a theoretical and methodological justification and transformation of traditional methods of analyzing financial statements of a commercial organization to methods of evaluating the financial and economic activities of a state autonomous institution. The article presents the financial reporting data of the state autonomous healthcare institution form (0503721) and form (0503737), analyzes the financial statements and identifies the specifics of the formation of the FHD plan in terms of financial support (subsidies, funds), income and expenses by type of institution. It is proposed to introduce financial efficiency coefficients into the assessment of the financial and economic activity plan of the institution, with the construction of factor models and methods for calculating factors by type of activity of the state autonomous healthcare institution.

New rules for forming the financial performance report: controversial issues and prospects

One of the most important forms of reporting for organizations (including healthcare organizations) is the financial performance report. A new federal accounting standard, FSBU 4/2023 “Accounting (Financial) Statements”, has recently been adopted. According to it, starting with the 2025 reporting, the financial performance report will be prepared according to new rules. The article examines the new approaches of FSBU 4/2023 “Accounting (Financial) Statements” to the formation of the financial performance report. At the same time, the degree of similarity between the rules of FSBU 4/2023 “Accounting (Financial) Statements” and the recommendations that were presented in the draft FSBU 4/2023 “Accounting (Financial) Statements” is analyzed. The article compares the composition and structure of the financial performance report in FSBU 4/2023 “Accounting (Financial) Statements”, the draft FSBU 4/2023 “Accounting (Financial) Statements” and the currently valid PBU 4/99 “Accounting Statements of an Organization” and the Order of the Ministry of Finance of Russia No. 66n of July 2, 2010 “On the Forms of Financial Statements of Organizations”. Both appropriate innovations of FSBU 4/2023 “Accounting (Financial) Statements” in relation to the formation of the financial performance report and existing controversial aspects are identified. Recommendations for resolving controversial aspects of the formation of the financial performance report in the process of further development of accounting are substantiated.

Formation of the balance sheet according to the new rules: prospects and controversial aspects

The most important form of accounting financial reporting for healthcare organizations, as well as other organizations, is the balance sheet. For commercial and non-profit organizations not related to the public sector, starting with the reporting for 2025, the recently adopted FSBU 4/2023 “Accounting (Financial) Statements” will be in effect. The adoption of this standard was preceded by a fairly lengthy discussion of the Draft FSBU 4/2023 “Accounting (Financial) Statements”. The article analyzes the innovations of FSBU 4/2023 “Accounting (Financial) Statements” in relation to the formation of the balance sheet. The new rules of this FSBU are compared with the regulations proposed in its draft, as well as with the rules for the formation of the balance sheet in PBU 4/99 “Accounting Statements of an Organization” and the Order of the Ministry of Finance of the Russian Federation No. 66n dated July 2, 2010 “On the Forms of Accounting Statements of Organizations”. An assessment is given of the innovations of FSBU 4/2023 “Accounting (Financial) Statements” in relation to the reflection of asset, capital and liability indicators in the balance sheet. Both the relevance of the changes introduced by FSBU 4/2023 “Accounting (Financial) Statements” to the balance sheet structure and the debatable nature of some aspects are noted. Proposals for resolving controversial issues are substantiated.

Improving the methodology for determining the level of materiality when planning and conducting an audit

Of great importance in audit practice is a more reliable establishment of the level of materiality in planning and conducting an audit of accounting (financial) statements of commercial organizations. In this regard, the article examines the theoretical provisions and regulatory framework for using the concept of materiality in the audit of accounting (financial) statements. A more advanced methodology for determining the level of materiality in planning and conducting an audit of accounting (financial) statements of a commercial organization has been developed, which allows auditors to apply the principle of materiality in forming an audit opinion on the reliability of the accounting (financial) statements of a given economic entity.

Accounting statements of budgetary organizations: features of methodological approaches to the composition of statements and the formation of a balance sheet

The article studies methodological approaches to the composition of accounting (financial) statements and the disclosure in them of information about the financial position of budgetary organizations in the system of Russian regulatory documents on accounting. A comparison is made of the requirements for the composition of financial statements and the content of the balance sheet of Russian budgetary organizations with the regulations for the composition of financial statements and the content of the balance sheet of Russian commercial organizations. In addition, the requirements for the composition of financial statements and the content of the balance sheet in the system of Russian accounting standards are compared with the regulations on the composition of accounting (financial) statements and the content of the report on the financial position of public sector organizations in the system of international financial reporting standards for public sector organizations. Significant differences are revealed in the methodological approaches to the composition of reporting and the content of the balance sheet in the systems of accounting standards under consideration. Discursive issues regarding aspects of the research carried out are substantiated, and possible ways to solve them are argued.

ПРОГНОЗИРОВАНИЕ ВЫРУЧКИ БЫСТРОРАСТУЩЕЙ КОМПАНИИ С ИСПОЛЬЗОВАНИЕМ ЛОГИСТИЧЕСКОЙ КРИВОЙ

The aim of the study is to assess the advancement potential of fast-growing companies, to create prerequisites for predicting the gain of such companies. The objective is to identify and forecast the growth points of the country’s economy, which is generally based on the advancement of individual economic entities, namely organizations. The research method for forecasting revenue as the main indicator of fast-growing companies (FGC) is considered. As an approximation, a logistic curve (the Ferhulst curve) is examined, the parameters of which are identified by the least squares method. Open data from financial statements of organizations are applied as a source. This work uses the criterion for distinguishing fast-growing companies; the average annual growth is of at least 50% at current prices. The novelty of the work lies in studying fast-growing organizations using a logistic curve (sigmoid). Approximation parameters are identified. A growth assessment (forecast) for organizations for 2040 is made. The statistical reliability of the selected approximation is established for 714 large and medium-sized fast-growing companies from the sample. The research results state, that a sample of about 900 fast-growing Russian companies is identified using the methods for processing large data sets from 2.5 million organizations. The illustrative calculations are based on actual sample data, highlighting the example of Wildberries in more detail. An assessment of the growth opportunities of the organizations under consideration is made. Studying the applicability of the proposed method using statistical criteria is carried out. The findings show that studying fast-growing organizations’ advancement for a medium or longer period using a logistic curve looks more preferable than applying an exponential one. For the vast majority of such organizations, the approximation of the logistic curve is statistically significant.

Russian practice of preparing accounting (financial) statements in accordance with IFRS

This article examines the practice of preparing accounting (financial) statements of Russian organizations in accordance with IFRS. It is shown that the Federal Law of July 27, 2010 No. 208-FZ “On Consolidated Financial Statements” had a great influence on the requirements for the preparation of reporting by Russian organizations in accordance with IFRS. The regulations of international standards for the formation of consolidated financial statements are considered. The Russian practice of applying IFRS regulations for the formation of consolidated financial statements has been studied. A comparison was made of approaches to preparing a statement of financial position in accordance with IFRS, used by organizations in different fields of activity. At the same time, the methods for generating financial position reports used by healthcare organizations and organizations operating outside the healthcare sector are compared. Both common and different approaches to the preparation of a statement of financial position, used by organizations in different fields of activity, have been identified. It is concluded that the reason for the differences in these approaches is the generalized nature of the IFRS regulations and the absence of strict requirements for the reporting format in them. The pros and cons of these regulations are identified.

Making a Statement: Positions of Professional Medical Organizations Towards Gender-Affirming Care.

Despite politically charged media coverage and legislation surrounding gender affirming care (GAC), many organizations have released position statements to provide scientifically backed clinical practice standards, combat misinformation, and inform medicolegal policies. The purpose of this study is to objectively assess the availability and the content of the official position statements of relevant medical professional organizations regarding GAC. A list of U.S. medical professional organizations with likely involvement in GAC based on medical or surgical specialties was compiled. For included organizations, we evaluated the availability, content, and publication year of positions on GAC through October 2023. When available, formal positions were categorized as supportive or unsupportive. A total of 314 professional medical organizations were screened for our study based on specialty, relevance to GAC, and issuance of patient guidelines or position statements. Inclusion criteria were met by 55 organizations. Most organizations (35, 63.6%) had formal position statements on GAC. Support for GAC was described in 97.1% (n=34). Further, 94.2% (n=33) of available statements explicitly addressed GAC in individuals less than 18 years old and were largely supportive (96.9%, n=32). This cross-sectional analysis demonstrates that a majority of multidisciplinary professional medical organizations with relevance to GAC have issued formal position statements on the topic. Available positions were overwhelmingly supportive of individualized access to gender-affirming therapies in adult and adolescent populations. However, silence from some organizations continues to represent a modifiable disparity in the provision of GAC.

Perception and utilization of family medicine services among Abu Dhabi Island's community.

Following the World Health Organization statement 'Health for all', family medicine is a specialty that provides continuing, comprehensive healthcare to individuals and their families. Despite that, it is still not yet utilized to its full potential by the developing Middle-Eastern community. The aim of our study is to assess the perception and utilization of family medicine services among Abu Dhabi Island's community. A cross-sectional study was conducted targeting Abu Dhabi Island's community. A representative sample with 95% confidence level and 5% margin of error was calculated taking into consideration the latest report by the Abu Dhabi Statistics Center. A total of 395 adult participants were included in the study, who were asked to fill in an electronic-based validated questionnaire. SPSS software was then used for data analysis. Majority of participants were UAE nationals (81%) and married (71.1%), with almost equal male (50.4%) to female ratio (49.6%). Participants had positive experiences in primary healthcare (PHC) overall, regardless of their gender, nationality and marital status. Positive experience percentages dropped with higher age and educational level (P-value <0.05). A better understanding was noticed among ≥50 years of age with the rightful destination for emergency symptoms (P-value <0.05). Participants overall agreed on PHC being the preferred allocation for treatment of fever, body aches and sore throat. Primary healthcare centres were chosen as preferred destinations for emergency and non-emergency cases, as the vast majority had positive experiences when attending them.

The Case to Discard Hospital Mission Statements and Replace It with A Statement of Goals

Background: Hospitals and healthcare institutions spend a considerable amount of time and capital on constructing an appropriate mission statement for themselves. Methods: A review of the purpose of mission statements and the statements made by different healthcare organizations was undertaken. For institutions in the USA, their mission statements were examined in the context of their national ratings. Results: The mission statements of healthcare organizations are often too abstract, using similar phraseology about caring for patients. Concern for the community that the hospital serves is stated by both a hospital listed as one of the best US hospitals and an institution that was considered to be in the lowest tier in the same country. Similarly, the recognition of ‘research’ or ‘innovation and discovery’ was stated by respectively both a top institution in the USA and one in the bottom tier. Conclusions: Healthcare institutions should replace their mission statements with clear and attainable statements of concrete goals, and indicate how successful the institution is at attaining those goals and improving the experience of its patients and staff.

Cardiovascular Disease in Women: A review of statements and positions

Cardiovascular diseases (CVDs) remain one of the most crucial burdens for public health. Specifically, for women, CVDs have a devastating effect on prognosis and mortality, which tends to become more severe, due to lack of knowledge and low awareness by healthcare professionals and general populations. Position statements by organizations and regulatory bodies recognize the fact that women have worse outcomes when it comes to their cardiovascular health, compared to men, and emphasize the urgent need that this issue needs to be addressed. Even though, general guidelines and recommendations have been launched, gender-specific ones are scarce, due to the very low number of women participants in clinical trials and scientific research. The present work aims to display a summary of position statements of official and scientific organizations concerning the cardiovascular diseases’ impact on women’s health, as well as existing guidelines and proposed future initiatives.

Expectation versus reality: How crisis statement essentials are evaluated by Gen Z stakeholders and crisis communication practitioners

AbstractAt the onset of a crisis, an initial organizational statement sets the tone for subsequent discussion. While existing literature provides strategic guidance, it offers limited insight into the message‐level execution of such statements. This study synthesizes insights from literature and trade publications to complement strategic literature by proposing a practical set of ‘crisis essentials’ which practitioners can leverage in composing an initial crisis statement. Upon identification of these elements from scholarly and industry literature, two online surveys presenting a hypothetical crisis scenario are released to Gen Z stakeholders and crisis communication practitioners in the United States; respondents rate the relative importance of each element. Gen Z was selected as the stakeholder population of interest due to their high activity on social media, their role as the talent which will be entering the workforce and eventually leadership roles, and the more limited existing analysis of this segment. Comparative analysis is conducted, based on two online surveys among adult individuals from these two populations, to evaluate whether gaps exist in stakeholder expectations and practitioner approaches. Findings reveal: the proposed elements (e.g., statement of the crisis, attribution, expert quote; 11 in total) were of nonzero importance to both Gen Z stakeholder respondents and crisis communication practitioner respondents, essentials related to the assuring stakeholders (e.g., action steps) were rated more highly than informational essentials (e.g., timeline), and importance ratings across survey samples were generally consistent. Practitioners should consider each of these proposed essentials when developing communication materials, and that while stakeholders expect sufficient information to understand a crisis event, they ultimately care about what the crisis means for the future of the organization. This study, grounded in crisis communication theory, provides a relevant, practical contribution to the implementation of effective strategic crisis communication in situations concerning Gen Z stakeholders.

Formation of reporting information on the obligations of organizations: modern problems and new approaches

The article presents the results of a study of methodological approaches to disclosing information about the obligations of organizations in financial statements. Both modern problems of these approaches in current regulatory documents and prospects for solving these problems in the course of further development of Russian accounting standards are considered. The article compares the regulations for the formation of reporting information on the obligations of organizations in PBU 4/99 “Accounting statements of an organization” and Order of the Ministry of Finance of Russia No. 66n dated July 2, 2010 “On the forms of accounting statements of organizations”, as well as in the Draft FSBU 4/2023 “Accounting (financial) reporting”, designed to replace the current regulatory documents on the preparation of financial statements. An analysis of the terminological space in the field of disclosure of information about obligations was carried out, the composition of indicators of obligations regulated in existing regulatory documents and in draft new standards was analyzed. The requirements for the composition of obligations in the draft FSBU 4/2023 “Accounting (financial) reporting” and the regulations regarding financial obligations in the draft FSBU “Financial Instruments” are compared. Problematic aspects of the formation of reporting information on the obligations of organizations are identified, recommendations for solving problematic aspects in the process of further improving Russian accounting standards are substantiated.

Financial Reporting Quality and Stakeholders’ Investment Decision in Listed Deposit Money Banks in Nigeria

Stakeholders and potential investors require information contained in the financial statement of a business organization to be of high quality to enable them to make investment decisions. The present work explored the influence of Financial Reporting Quality on stakeholders’ decisions to invest in the listed Deposit Money banks in Nigeria. The study population consisted of the 14 listed Money DMBs in Nigeria and a sample of ten (10) banks were selected for a period of ten years (2011-2020). Ex-Post Facto method was used; and data were extracted from the published financial reports. This study assessed the influence of Earnings Management, Accounting conservatism, Financial Statement Timeliness and Earnings Per share on the value (Tobin’s Q). Firms Age and size as control variables. Excel Analytical Tool pack was used for the analyze the regression model. Results from the analyses revealed that financial reporting has a positive effect on Tobin’s Q (AdjR2 = 0.068; F (2, 99), p = 0.048). The individual effects of the explanatory variables revealed that Accounting Conservatism (AC) and financial reporting Timeliness (TML) have positive and significant impact on Tobin’s Q (0.04 and 0.014). However, Earnings Management (EM) and Earnings Per Share (EPS) have no significant effect on the Tobin’s Q (0.75 and 0.41). The control variable of Age has a significant influence with p value of 0.01 while the Firms size does not have significant impact on Tobin’s Q with a p value of 0.85 respectively. This study recommended that in order to build stakeholders’ confidence in investing in a company, organizations are encouraged to publish high quality financial statement.

Regulatory regulation of reporting information on Inventories: current state and development prospects

The article presents the results of a study of regulations on the formation of reporting information on the inventories of organizations in accounting (financial) statements. According to the Program for the Development of Federal Accounting Standards, it is planned to adopt a federal standard dedicated to accounting (financial) reporting, which, in particular, will include rules for drawing up explanations to statements containing additional information about accounting objects, including the inventories of organizations. In order to implement this Program, the Russian Ministry of Finance has developed the draft FSBU 4/2023 “Accounting (financial) reporting”. This article examines the regulations presented in this project for the generation of reporting information on inventories. The results of a comparison of the requirements for the generation of reporting information on inventories set out in the draft FSBU 4/2023 are presented with the regulations for the disclosure of such information in PBU 4/99 “Accounting statements of an organization”, in Order of the Ministry of Finance of Russia No. 66n dated July 2, 2010 “On forms of financial statements of organizations” and in FAS 5/2019 “Inventories”. Both expedient and controversial aspects of regulations on the formation of reporting information on inventories are substantiated. Recommendations for resolving controversial methodological issues are presented.

Analysis of the Presentation of Financial Statements of a Non-Profit Organization (Case Study of Independent Private Foundation Orphanage Bengkulu City)

The characteristics of non-profit organizations are different from business organizations. The fundamental difference lies in the way the organization obtains the resources needed to carry out its various operating activities. non-profit organizations obtain resources from donations from other contributing members who do not expect anything in return from the organization while business organizations obtain resources from the capital of owners or investors who expect a return on any profits earned by the organization.This study aims to analyze the presentation of financial statements of non-profit organizations (a case study of the Bengkulu city independent private foundation orphanage). The purpose of this study was to determine the suitability of the application of ISAK 35 concerning financial statements of non-profit organizations in achieving transparency and accountability at the orphanage of the private foundation mandiri Bengkulu city. The data analysis used is descriptive comparative, which is a research method that compares a theory that applies to events that occur in the field.The results of this study indicate that the Bengkulu city independent private foundation orphanage in general has not made financial reports in accordance with ISAK 35, but in the financial statements made by the independent private foundation orphanage has implemented ISAK 35 even though it is only 55.55%, while for transparency and accountability as a whole the orphanage has been transparent and accountable, in its financial statements.

Disentangling the nuances of diversity ideologies.

Minoritized racial groups typically report greater psychological engagement and safety in contexts that endorse multiculturalism rather than colorblindness. However, organizational statements often contain multiple (sub)components of these ideologies. This research broadens our understanding of diversity ideologies in the real-world by: (1) mapping out the content of real-world organizational diversity ideologies, (2) identifying how different components tend to cluster in real-world statements, and (3) presenting these statements to minoritized group members (Study 2) to test how these individual components and clusters are perceived (e.g., company interest, value fit). 100 US university statements and 248 Fortune 500 company statements were content coded, and 237 racially minoritized participants (Mage = 28.1; 51.5% female; 48.5% male) rated their psychological perceptions of the Fortune 500 statements. While universities most commonly frame diversity ideologies in terms of value-in-equality, companies focus more on value-in-individual differences. Diversity rationales also differ between organizations, with universities focusing on the moral and business cases almost equally, but companies focusing on the business case substantially more. Results also offered preliminary evidence that minoritized racial group members reported a greater sense of their values fitting those of the organization when considering organizations that valued individual and group differences. These are some of the first studies to provide a nuanced examination of the components and clusters of diversity ideologies that real-world organizations are using, ultimately with implications for how we move forward in studying diversity ideologies (to better reflect reality) and redesigning them to encourage more diverse and inclusive organizations.

ПРИМЕНЕНИЕ ТЕХНОЛОГИЙ ИСКУССТВЕННОГО ИНТЕЛЛЕКТА ДЛЯ ПРОВЕДЕНИЯ ЭКСПЕРТИЗЫ И АНАЛИЗА ФИНАНСОВОЙ ОТЧЕТНОСТИ ОРГАНИЗАЦИЙ

The article considers the prerequisites for the implementation of innovative technologies for the introduction of artificial intelligence in the process of conducting expertise and analysis of financial statements of Russian organizations. The accumulated foreign and domestic experience in the implementation of this issue is considered. The analysis of the investment component in the development of artificial intelligence systems in Russia is carried out on the basis of estimated indicators of published scientific papers. The description of the positive and negative sides of the introduction of artificial intelligence technologies in the examination of financial statements is given. The processes that should become the basis for the successful and effective implementation of artificial intelligence in the examination of financial statements of organizations are formulated.

Workshop 5: Mitigating Ageism in Everyday Clinical Care

Learning objectives:At the end of this workshop, participants will be able to: -Integrate a human rights and dignity-based strategies into daily clinical care for older persons with mental health conditions-Identify the effects of intersections of ageism, ableism, mentalism and elder abuse on the care provided to older persons with mental health conditions-Describe and support the need for an international (UN) Convention on the rights of older persons to improve the care of older persons with mental health conditionsBackground:Our world faces rapid population aging. Based on the WHO estimates, nearly 20% of older persons will have mental health conditions such as dementia, depression, anxiety and substance use, often complicated by physical and psychosocial comorbidities. Various mental health inequalities exist in this vulnerable population negatively influencing their healthcare and social status. This includes the ‘triple jeopardy’ of ageism, ableism and mentalism. The ongoing COVID-19 crisis has only widened the marginalization of older persons and especially those with mental health conditions.Methods:Even though there has been a paradigm-shift in neurobiological understanding of psychogeriatrics, dignity-based mental healthcare is still silent in research as well as practice. This workshop brings in recommendations to include the principles of rights, dignity, equality, equity and respect in clinical care for older persons living with mental health conditions, including dementia. These suggestions are based on literature review, position statements of global organizations working in this area, the Decade enablers of the UN Decade of Healthy Aging (2021-2030) and also clinical experience of the authors. Special focus will be on end-of-life care, advance directives and those in institutionalized settings.Mode of conduction:The workshop will involve a strategic and interactive discussion based on real-life case vignettes. Feedback will be sought on the perceived status of dignity and human rights in current clinical practice. Focus will be on ensuring dignity and promoting human rights in routine clinical care and patient-physician communication, age-friendly healthcare settings for older persons and the role of dignity therapy. The need for an International Convention for the rights of older persons will also be highlighted with evidence.Elder abuse and inadequate end-of-life care as two of the many common manifestations of the implicit bias and core root cause of the phenomenon of the “ageism spectrum”. Ensuring dignity and human rights in older persons can combat ageism and prevent elder abuse. Adequate sensitivity and training of professionals in this area will set the future pathway for dignified mental health interventions in the older persons with mental health conditions that are devoid of age-based discrimination and prejudice.

Making managerial decisions based on analysis of financial statements

Today, in a changing economic situation, an important condition for ensuring financial stability and maximizing profits for commercial organizations is tactical and strategic planning, based on a competent analysis of financial statements. Developing a management decision is considered one of the fundamental tasks of the enterprise management process. Analysis of the financial statements of a commercial organization allows you to assess the financial position, performance efficiency and prospects for its development, which helps to identify possible problems and propose ways to solve them. The authors substantiate the role of financial reporting analysis for making competent management decisions. The article analyzes the financial statements of PJSC «Pigment» for 2019–2021. The stages of making management decisions and the circumstances influencing them are also considered. An analysis of the main indicators of financial stability, liquidity and profitability of the enterprise indicates an increase in operating efficiency and a certain decrease in financial stability. Based on the analysis, effective management decisions are developed to overcome existing financial difficulties.