Svetlana Karelskaya, Ekaterina Zuga


One of the actual problems of modern accounting theory consists in preparing of reliable financial statements. Among different approaches it may be found a substantiated opinion that it appears impossible to prepare reliable financial statements because of existing informational restrictions on the balance sheet. These restrictions are specified in the static and dynamic balance-sheet theories. Only few know that at about the same time back in Russia rather special balance-sheet theory was elaborated by A.P. Roudanovsky. This theory provided an opportunity to partly overcome the major conflict of the two classical theories. The aim of this study was to analyze the historical, economic and theoretical premises of the origin of balance-sheet theory by Roudanovsky, describe its subject, determine the influence of his works on accounting development and describe the value of his ideas for modern accounting theory and practice. Also different comments on Roudanovsky’s views of his contemporaries and modern accounting historians were studied. The analysis was performed using the system analysis, modelling and comparison methods.



accounting; balance sheet; theory

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