Dr Anna Vysotskaya CPA, PhD

Sustainability has risen to prominence in public discourse over recent decades, providing a crucial lens for evaluating contemporary challenges and decisions across the world and industries. Embedding it within a technically focused accounting curriculum (especially across large cohorts) can, however, be challenging. This blog presents a practical response: Sustainability Cards deployed in the Sustainability Reporting and Business Ethics module. On reflection, the approach delivered measurable gains in student engagement and a notably richer learning experience.

Within the context of the globalization of the practice and profession of accounting, it is increasingly important that accounting faculty and students are aware of the international accounting environment. In addition, the continued growth in the cross-national flows of students increases the need for accounting faculty to be aware of international differences in the teaching and learning of accounting. This paper contributes to this arena by looking at the context, structure, and content of a successful introductory accounting course at a major university in the Russian Federation that uses matrix accounting theory in its introductory accounting course. By doing so, the paper provides accounting educators with a range of insights into the diversity of the international context of the teaching of accounting, and provides awareness of the theory of matrix accounting and how and why this mathematical approach to the teaching of introductory accounting has been adopted. In addition, as part of the important contextual background, the paper provides a rich description of the course, which could be used for comparison with other introductory accounting courses. By looking at introductory accounting from a different perspective, the paper has the potential to help and encourage accounting faculty to think afresh about our discipline by questioning some of the taken-for-granted assumptions that underlie the approaches used in teaching accounting.

In recent years Russia has undergone radical changes in all spheres of life, prompted by the transition from a centrally planned economy to an open market-based economy. Dramatic changes such as privatization, the development of private business entities, and foreign investment in the Russian economy have brought changes in the accounting field, including those arising from a decision to adopt the International Financial Reporting Standards (IFRS). While Russia has not yet implemented IFRS in full for all types of businesses, it has made considerable steps over the years to introduce IFRS into its accounting system. From 2012, Russia is adopting IFRS fully for publicly listed companies. This paper provides an overview of the changes in accounting education that have ensued from the decision to adopt IFRS, including the educational reforms that have taken place. The paper reviews these changes from a historical perspective and investigates existing problems caused by the transition.

The aim of this paper is to describe the innovative teaching approach used in the Southern Federal University, Russia, to teach accounting via a form of matrix mathematics. It thereby contributes to disseminating the technique of teaching to solve accounting cases using mutual calculations to a worldwide audience. The approach taken in this course provides useful insights for both accounting educators and accounting students by providing an alternative explanation and understanding of the main principles of accounting, and does so using a simple game simulation. This paper provides readers with an awareness of the broader international environment of accounting education and of the techniques that can be adopted in the teaching of accounting. The paper also demonstrates that any accounting operation can be represented by matrix equations, and, as a result, adds to the understanding of alternative processes of recording transactions and the mathematical generation of essential accounting reports. The paper thereby reveals the potential value of matrix-based approaches to accounting within the accounting educational environment.

This paper summarises the contents of a comment letter produced by a working group of 12 academics in response to the International Accounting Standards Board (IASB) Discussion Paper on principles of disclosure. The comment letter was submitted by the Financial Reporting Standards Committee (FRSC) of the European Accounting Association (EAA). The work includes reviews of relevant academic literature of areas related to the various questions posed by the IASB in the Discussion Paper, including the 'disclosure problem' and the objective of the project, the suggested principles of effective communication, the roles of the primary financial statements and notes, the location of information and the use of performance measures. The paper also discusses the disclosure of accounting policies, the objectives of centralised disclosure, and the New Zealand Accounting Standards Board staff's approach to disclosure.

The aim of this paper is to show the mathematical basis for a precise treatment of double-entry bookkeeping, which was first developed in the nineteenth century by Sir William Rowan Hamilton. This is done by using basic notions of matrix algebra founded on the idea of ordered pairs. We also reveal how complex numbers and rationals (fractions) developed in mainstream accounting science and became a leading platform for the ongoing processes within Industry 4.0. The paper concludes with examples of how accounting operations can be represented by matrix equations with the result of generating a final report. The author presents a mathematical model of accounting which is independent of specific existential forms, but which is capable of undertaking the form of any of them and thus which has the potential of being understood and accepted by specialists globally.

The purpose of this paper is to identify strategies for integrating data analytics into teaching management accounting. We conducted a literature review and evaluated students' perceptions of the introduction of data analytics in teaching management accounting courses. This research is based on the application of the Extended Technology Acceptance Model (ETAM) in management accounting education. We link the findings to the existing theory and practice by providing a foundation for the implementation of data analytics in management accounting subjects and the development of educational resources at both, national and international levels. Thus, the results will be of interest to global readership revealing that data analytics is considered by students both useful and easy to use and concluding that students would benefit from integrating data analytics into management accounting courses across the areas identified in this study. From our analysis of the results, we conclude that a high level of appreciation of such inclusion across perceived usefulness and perceived ease of use of data analytics leads to a positive attitude towards using and potentially high actual use of data analytics.

Ubrzano starenje populacije u Srbiji i Ujedinjenom Kraljevstvu predstavlja značajan socioekonomski izazov, posebno u kontekstu penzionisanja. Iako penzija teorijski obezbeđuje odmor i finansijsku sigurnost, mnogi penzioneri u ovim zemljama suočavajuse sa izraženijom socijalnom izolacijom i finansijskom ranjivošću. Povlačenje sa tržišta rada često dovodi do gubitka svrhe i nedovoljnog iskorišćavanja „srebrnog talenta“, što dodatno pogoršava finansijsku nestabilnost. Ova studija se bavi ovim dvostrukim izazovima kroz ispitivanje načina na koje ponovno uključivanje u društvene i ekonomske aktivnosti može ublažiti njihove negativne posledice. Istraživanje procenjuje efikasnost postojećih politika penzionisanja i predlaže strategije za bolje uključivanje penzionera u društvo i tržište rada, kako bi se unapredio njihov kvalitet života. The rapid ageing of the population in Serbia and the United Kingdom poses a significant socio-economic challenge, particularly in the context of retirement. Although retirement theoretically provides a source of rest and financial security, many retirees in these countries face increased social isolation and financial vulnerability. Withdrawal from the labour market often leads to a loss of purpose and under-utilisation of “silver talent”, further exacerbating financial instability. This study addresses these dual challenges by examining how re-engagement in social and economic activities can mitigate their negative consequences. The research assesses the effectiveness of existing retirement policies and suggests strategies for better inclusion of retirees in society and the labour market, in order to improve their quality of life.

In the context of today’s rapidly evolving business environment and continuous innovation trends, an organization's ability to respond swiftly and effectively to changes, while implementing innovations in practice, is a decisive factor for achieving success, ensuring long-term sustainability, and maintaining its market position. Growing environmental concerns, increasing regulatory pressures, and shifting stakeholder expectations have forced companies to integrate sustainability into their core strategies. Innovation and effective change management play a crucial role in driving green finance, which has become an essential aspect of business by supporting environmental protection initiatives and enhancing overall company performance. The aim of this paper is to explore and analyse the role and significance of managing change and innovation in companies with an emphasis on green finance as a core and foundational element for the success of the companies in the contemporary environment and their contributions to environmental sustainability. Further, the creation and implementation of an effective strategy is a necessary requirement that enables companies to adapt to climate-related risks, meet regulatory and market expectations, and create long-term value for all stakeholders and community well-being.

This paper investigates tax－planning process from the decision－making perspective and provides a situational－matrix model to enhance its effectiveness at small and medium sized enterprises (SME). The paper contributes to existing literature on mathematical methods used in accounting and tax planning by providing the evidence of mathematics importance for decision making processes in the age of Industry 4.0. As a result of coefficient modification of the Situational－Matrix Method (SMM) approach we suggest a set of instruments that can help SMEs to obtain a big picture of the financial situation and increase the efficiency of tax planning. We then describe a numerical model of accounting for payroll transactions as a sample in order to provide readers with understanding of the approach undertaken in our study. Finally, the paper presents an opportunity to evaluate alternative instruments that can be used regardless of the language and standards set. We also provide an evidence of periodical (from time to time) tax planning and tax avoidance inefficiency. KCI Citation Count: 0

The paper examines the interconnection between matrix modeling and accounting informational systems (AIS) and highlights the role of these systems in the true and fair reporting of economic activities. The author shows that such systems make it possible to present the functional fragments of knowledge in information modeling systems and gives a definition of the accounting information systems in the context of modern economic development. The article focuses on designing a concept of a knowledge-based economy and identifying the role of accounting in this process. It shows the accounting system reliability depends on such information system which would make it possible to fully report the data about business activity of an entity. Information technology has crucially changed this very important area of accounting. Modern accounting is more dynamic and influential in making economic decisions. That is why the understanding of accounting science and its influence on accounting processes is changing. This in turn imposes new requirements on professional education and training of accountants. It is evident that the period of data input is now significantly shorter, starting with processing banking information and invoices. Thus the practice of accounting is impossible in its conventional form which calls for the fundamental change of thinking in many areas of accounting.The article discusses the state of national accounting system and its compliance with the international accounting practices under conditions of globalization. The author gives the arguments on how to assess the accounting process adequacy by means of situational matrix modeling (HMM) in the structure of the accounting information system.