Institution of Financial Accounting in the Architecture of Financial and Economic Institutions of the Information Society
Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 2
Abstract
The article considers financial accounting as a social institution of the information society represented by the activities on providing information services in the field of finance. Being individual systems, social institutions form a multidimensional architecture of institutions with close internal connections. In this architecture, the relationship does not exist only in the vertical hierarchy, but in the other dimensions, among which are the spatial, temporal and informational ones. The whole architecture of institutions is "interfused" by the information institution, which includes the institution of financial accounting. At each stage of the society development there rapidly develop primarily institutions typical for the given stage determining its features, and in the information society among those is, in particular, the institution of financial accounting. In all countries, the state, business and the civil society, paying increasing attention to transparency in the activity of government authorities and corporations, focus on disclosure of information about the state and local finance, corporate finance and financial market, stating the growth of the importance of the institution of financial accounting. Financial accounting services can be provided by specialized financial information as well as analytical institutions and departments of financial and non-financial corporations, government statistical agencies and specialized departments of government authorities.
Authors and Affiliations
Nadiya Ryazanova
Keywords
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