UDC 657.1:658.011
I. Yaremko
Doctor of Economic Sciences, Full Professor,

N. Podolchak
Doctor of Economic Sciences, Full Professor

L. Pylypenko
Doctor of Economic Sciences, Associate Professor

O. Tyvonchuk
PhD in Economics, Associate Professor
Lviv Polytechnic National University

CONCEPTUAL MODEL OF ADAPTIVE BALANCE SHEET
FORMAT OF CORPORATIONS IN POSTINDUSTRIAL ECONOMY

Abstract Financial reporting is one of the main tools for providing information to market agents about business performance and financial position of corporations. The current format of financial reporting envisaged by the international and national standardization systems and other mandatory documents limits the possibility of complete and objective representation of corporations’ economic potential. The major deficiencies of the current format of financial reporting include the inability of faithful representation of intangible factors of corporations’ economic potential, as well as ignoring capital obsolescence due to the high level of dynamism of economic development.
The article presents the conceptual and methodological approaches to address the above problems. The application of intellectual capital maintenance concept in financial reporting framework permits to formulate methodological guidelines for adequate representation of intangible component of corporation economic potential on the balance sheet. The methodological approaches to moral depreciation of fixed capital disclosure in financial reporting, based on the provisions of organic balance sheet theory, are substantiated.
Keywords: financial reporting, format of financial reporting, concepts of capital maintenance, economic potential of corporations, moral depreciation.

Кількість посилань 14