THE ROLE OF ASSESSMENT AS AN ELEMENT OF ACCOUNTING METHODOLOGY IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM OF FINANCIAL STATEMENTS

Ирина ГОЛОЧАЛОВА Молдавский государственный университет

Abstract

In the context of the implementation of the concept of a sustainable economy, the transition to the socio-economic paradigm of financial reporting is indicated, and the activity of a business unit has become viewed as a three-component system. The result of economic activity is reflected in the financial statements of the business structure, while there is no presentation of information about the effect of the impact on the size of equity capital of the social and environmental components. This is contrary to the socio-economic paradigm of financial reporting. In the context of this problem and with the aim of neutralising it, the author put forward two hypotheses: assessment as a methodological process plays a key role in the socio-economic paradigm of financial reporting; it is a fair value measurement concept that meets the requirements for information utility in the new paradigm of financial reporting. The ground of research hypotheses is conducted an author on a chart: description of conceptual platform of socioeconomic paradigm of accounting; analysis of modern conception of assessment for Human, Social, Organisational (HSO) capital; realisation of methodology of estimation of HSO capital in the system of accounting. Keywords: Accounting, Assessment, Fair value, Financial Reporting Paradigm, Human capital, IFRS methodology.