Open AccessFeatures of accounting and reporting in the context of modern challenges: lessons from COVID-19
Author(s) -
Татьяна Михайловна Одинцова
Publication year - 2021
Publication title -
vestnik polockogo gosudarstvennogo universiteta. seriâ d. èkonomičeskie i ûridičeskie nauki
Language(s) - English
Resource type - Journals
eISSN - 2710-1916
pISSN - 2070-1632
DOI - 10.52928/2070-1632-2021-57-6-50-57
Subject(s) - context (archaeology) , accounting , covid-19 , reliability (semiconductor) , management accounting , accounting information system , quality (philosophy) , business , geography , medicine , power (physics) , philosophy , physics , disease , archaeology , pathology , quantum mechanics , epistemology , infectious disease (medical specialty)
The article is consider the problems and prospects of the accounting development for the socio-economic processes managing in conditions of uncertainty, risk and turbulence of the external environment. Partiticuarly, in the situation of the COVID-19 pandemic and the lockdown, arose a number of questions of reflecting objects and events in accounting, the quality and reliability of those reporting data, which are based on standard accounting principles, assumptions and procedures. In addition, the current situation has highlighted new requirements for accounting information, as the basis for the formation of a full and transparent management environment - due to the complexity of decisions made by stakeholders and the non-standard tasks of preventing and treating the crisis.