Attention to off-balance sheet assets and liabilities when assessing the value and diagnosing the sustainability of business development
Abstract
The implementation of projects to assess the cost and diagnose the sustainability of business development requires comprehensive, complete and objective research. The requirements of the federal valuation standards in force in the Russian Federation and the Federal Law “On Valuation Activities in the Russian Federation” dated July 29, 1998 No. 135-FL do not contain the composition of the analyzed assets and liabilities, some of which are accounted for on the balance sheet and are not published in the financial statements. The author suggests the directions of research of off-balance sheet assets and liabilities in the implementation of projects to assess the value and diagnose the sustainability of business development. The linking of balance sheet items with the value of information for assessing the sustainability of business development is of scientific importance. The practical significance lies in the identification and description of nine groups of off-balance sheet assets and liabilities that affect the implementation of projects to assess the value and diagnose the sustainability of business development, namely: leasing relations, securitization, contingent liabilities, guarantees, licenses, human resources, assets of the enterprise in management, contractual obligations, intangible assets and intellectual property. The article concludes that it is necessary to improve and develop the regulatory framework in the field of valuation, accounting, sustainable development design procedures, in terms of identifying and accounting for the value of off-balance sheet assets and liabilities in order to obtain more objective and high-quality indicative data for the analysis, development and forecasting of sustainable business development.
About the Author
D. Yu. Zakhmatov
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
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For citations:
Zakhmatov D.Yu. Attention to off-balance sheet assets and liabilities when assessing the value and diagnosing the sustainability of business development. Kazan economic vestnik. 2021;(5):50-58. (In Russ.)
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