Financial capital: Accounting procedures and the comments
Subject This article develops the theoretical basis and conceptual principles of the business accounting model, which form a common system of guidelines for recognition and reflection of elements of the value of financial capital in integrated reporting.  Objectives The article aims to prove the expediency of using the concept of maintaining financial capital when it gets transformed into other types of capital.  Methods The research methodology is based on the economic theories of positive and normative economies using the methods of observation, abstraction, deduction and induction, and statistical analysis of economic phenomena.  Results The article proposes to consider financial assets like cash, equity instruments of another enterprise, and contractual law stipulated by the contract, as the elements of financial capital. They determine its value stock. Goodwill is part of the cost of long-term financial instruments rather than an intangible asset. The receivables reflect the monetized part of the value stock of the financial capital.  Relevance The significance of the research is confirmed by the resulted accounting procedures of consistent reflection in the business accounting model of operations on the formation of the stock value of financial capital and the determination of specific techniques.