ENVIRONMENTAL OBLIGATIONS OF RUSSIAN ORGANIZATIONS: THE PARADOX OF INFORMATION DISCLOSURE DEPENDING ON APPLICABLE STANDARDS

The article сarries out an analysis of the reflection of the consequences of environmental disasters and the corresponding preventive measures on the example of the consolidated financial statements of the Group of mining and metallurgical companies “Norilsk Nickel” and the accounting (financial) st...

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Bibliographic Details
Published in:Vestnik Universiteta
Main Author: O. V. Zhukova
Format: Article in Journal/Newspaper
Language:English
Russian
Published: Publishing House of the State University of Management 2020
Subjects:
accounting statements
consolidated financial statement
disclosure of information
environmental disasters
environmental obligations
environmental responsibility
estimated liability
fas
ifrs
Sociology (General)
HM401-1281
Economics as a science
HB71-74
norilsk
Taimyr
Online Access:https://doi.org/10.26425/1816-4277-2020-11-90-95
https://doaj.org/article/d77972e4eb2b4783a4aea57ba344ad12
Description
Summary:The article сarries out an analysis of the reflection of the consequences of environmental disasters and the corresponding preventive measures on the example of the consolidated financial statements of the Group of mining and metallurgical companies “Norilsk Nickel” and the accounting (financial) statements of JSC “Norilsk-Taimyr energy company” (NTEK), which is part of this group. The paper pays particular attention to the relationship between recognized environmental protection obligations and applicable standards for the preparation of accounting (financial) statements of commercial organizations and consolidated statements of groups that include these business entities. Based on the results of the study, the author formulates priority proposals to improve the Russian system of normative regulation of disclosure of information about environmental obligations in accounting (financial) statements.

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