The Fact of Economic Life as an Object of Accounting of an Economic Entity
Alibekov Shakhizin Il’mutdinovich1, Morunov Vitaliy Viktorovich2, Nurmukhametov Il’nur Fagilevich3
1Alibekov Shakhizin, Professor, Doctor of Economic Sciences, North Caucasus Institute (branch) of Justice, (Federal State Budgetary Educational Institution of Higher Education Russian Law, Academy of the Ministry of Justice of the Russian Federation), Russian Federation
2Morunov Vitaliy Viktorovich, Associate Professor, PhD in Economic Sciences, Kazan National Research Technological University (Federal State Budgetary Educational Institution of Higher Education KNRTU), Bugulma Branch, Bugulma, Russian Federation
3Nurmukhametov, Associate Professor, PhD in Economic Sciences, Kazan State Institute of Culture, Kazan.
Manuscript received on November 15, 2019. | Revised Manuscript received on November 28, 2019. | Manuscript published on 30 November, 2019. | PP: 8925-8928 | Volume-8 Issue-4, November 2019. | Retrieval Number: D9550118419/2019©BEIESP | DOI: 10.35940/ijrte.D9550.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The analysis of the category “fact of economic life” in accordance with the legislation on accounting in the Russian Federation has been carried out, the elemental decomposition of this category has been carried out, each of the selected elements has been analyzed, and substantiating conclusions have been formulated. As a result of the work the author’s definition of the fact of economic life has been formulated and proposed, which, according to the authors, most fully reflects the essence of the category “fact of economic life”.
Keywords: Accounting, Primary Accounting Document, Fact of Economic Life, Accounting (Financial) Reporting, Users Of Reporting
Scope of the Article: Authentication, Authorization, Accounting.