• Anastasiya O. Matveeva Kazan Federal University, Institute of Management, Economics and Finance
  • Lidiya I. Kulikova Kazan Federal University, Institute of Management, Economics and Finance



foreign activity, risk, IFRS, estimated obligations


Currently it is difficult to overestimate importance of work of the enterprises of fuel and energy branch, in particular the oil-extracting companies, the majority of which foreign divisions have. Conducting foreign activity involves numerous external risks, many of which are capable to influence a financial position and financial results of the company negatively. Practice shows that most the enterprises very formally belong to disclosure of information on the risks interfaced to foreign activity. The PEST analysis which is carried out by us allowed revealing risks to which the PJSC Tatneft Company having representation in Libya is subject. In this article practical implementation of requirements of IFRS regarding disclosure in the reporting of information on risks by the PJSC Tatneft Company having division abroad is also considered. On the basis of the analyzed disclosure merits and demerits in the reporting of information on the risks interfaced to conducting foreign activity the uniform technique of disclosure of similar information was developed. In our opinion, the recommended format of disclosure of relevant information will simplify work of the accountant by drawing up financial statements, and to users of such reporting will allow to estimate consequences of foreign activity, to create idea of a financial position of the organization and will provide adoption of rational economic decisions


Não há dados estatísticos.


International Financial Reporting Standard (IAS) 1 "Submission of financial statements".

International Financial Reporting Standard (IFRS) 7 "Financial instruments: disclosure of information".

International Financial Reporting Standard (IAS) 21 "Influence of changes of exchange rates of currencies".

International Financial Reporting Standard (IAS) 37 "Estimated obligations, conditional obligations and conditional assets".

Information of the Ministry of Finance of the Russian Federation No. PZ-9/2012 "About disclosure of information on risks of economic activity of the organization in annual accounting reports".

Kulikova L. I. Formation of estimated reserves//Financial messenger. - 2011. - No. 5. Page 70-79.

Kulikova L. I. Estimated obligations: recognition in the account and assessment / L.I. Kulikova//Accounting, 2011, No. 5, page 30-32.

Ukhteeva N. A. Features of application of IFRS 37 "Estimated obligations, conditional obligations and conditional assets"//International accounting. - 2008. - No. 10 (18). Page 25-31.

Castoldi, Stefano. IAS 37, Provisions, contingent liabilities and contingent assets//Luic. - 2015. - No. 3 (14). P.72-81.

Craig Burnside. Currency crises and contingent liabilities//Journal of International Economics. - 2004. - No. 1. P. 25-52.

Karen M. Hennes. Disclosure of contingent legal liabilities//Journal of Accounting and Public Policy. - 2014. - No. 1. P.32-50.

A.S. Koshkarova, A.K. Atabayeva. Definition and procedure of provisions, contingent liabilities and contingent assets in the financial statements//Science and world. - 2014. - No. 3 (7). P.76-81.

L.I. Kulikova, G.I. Khamidullina, A.V. Goshunova and P.A. Aletkin. Methodological Aspects of Reserve Funds Accounting, Based on the Concept of Capital Maintenance in Joint Stock Companies//The Social Sciences. - 2017. - No. 12. Page 208-214.

Tian, Ze. Research on the Prevention of Information Risk in Business Communication of Foreign Trade Enterprises//Journal of Changsha University. - 2013. - No. 4. - P.14-18.

Wang, Min. Research on Export Credit Risk Management of Foreign Trade Enterprises//Contemporary Logistics. - 2014. - No. 5. P.71-75




Como Citar

MATVEEVA, A. O.; KULIKOVA, L. I. FORMING AND DISCLOSURE OF INFORMATION ON RISKS RELATED TO FOREIGN BUSINESS. Gênero & Direito, [S. l.], v. 8, n. 4, 2019. DOI: 10.22478/ufpb.2179-7137.2019v8n4.48390. Disponível em: Acesso em: 5 out. 2022.



Seção Livre