THE IMPORTANCE OF IDENTIFICATION AND CLASSIFICATION OF SECURITIES FOR ACCOUNTING AND REPORTING

Currently, all companies need to competently and accurately solve the problems of financing, lending and distribution of financial resources and monetary policy. That’s why they should improve the reliability and transparency of financial statements through additional disclosure of securities in the notes and explanations. In connection with this, the paper analyzed the dynamics of investments into financial investments by the Russian companies for the period 2000—2017, the composition and structure of financial investments, the definitions of the most important types of securities in accordance with the Civil code of the Russian Federation, namely: stock, bond, mortgage certificate of the participant, promissory note, check, option, bill of lading, savings (deposit) certificate. The authors made comments and suggestions that will allow taking into account the most important characteristics for all types of securities. The aspects of modern identification of securities on legal and economic grounds are specified, as well as the necessary criteria for acceptance of securities for accounting are revealed. On the basis of the analysis of scientific works of the well-known scientists-economists, such as Professor Sidney Martin Robbins, Agarkov M. M., Dmitrieva I. M., Mirkin Yu. M., R. Anthony and J. Rees, various classification features of securities used in Russia were considered, the advantages of each classification were revealed. On the basis of the theoretical study, modern classification features were combined into four groups depending on the characteristics of securities. The researchers justified the grouping of classification features of securities for the purposes of accounting and disclosure of information in the accounting financial statements of the company.

financial investments, securities, investment dynamics, types of securities, identification of securities, classification of securities, identification signs, classification signs, balance sheet, note to the financial statement.

Burlakova O. V., Saushkina V. V. The importance of identification and classification of securities for accounting and reporting. Business. Education. Law, 2020, no. 1, pp. 20–29. DOI: 10.25683/VOLBI.2020.50.103.