Development of Financial Reporting Principles


  • L.I. Kulikova
  • G.M. Gafieva


The paper discusses the link between the principles of financial reporting and informational needs of users who provide limited resources to the entity. It is argued that development of economic environment has led to the shift in resources, that are limited, and consequently has changed the primary user of financial reporting. This change is to be reflected in financial reporting principles as its aim is satisfaction of users' informational needs.

DOI: 10.5901/mjss.2014.v5n24p38


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How to Cite

Kulikova, L., & Gafieva, G. (2014). Development of Financial Reporting Principles. Mediterranean Journal of Social Sciences, 5(24), 38. Retrieved from

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