scholarly journals Features of accounting and controlling the finished products movement documentary declaration at enterprises, institutions, organizations of Ukraine

2019 ◽  
pp. 9-14
Author(s):  
Hanna BULKOT ◽  
Olha OSYKA
Keyword(s):  
Product Information ◽  
Financial Statements ◽  
Process Efficiency ◽  
Main Role ◽  
Accounting System ◽  
Operational Cycle ◽  
Document Flow ◽  
And Control ◽  
Financial Result ◽  
Analyze Data

Introduction. Production of finished products and their sale completes the operational cycle in the activity of the enterprise. The enterprise must produce those products that are in demand in the market. The main role in ensuring the competitiveness of the enterprise is played by the system of control over the sale of products and the correct documentation of accounting of the movement of finished products, since these factors affect the financial result, which is a summarizing indicator of the organization. However, a number of conceptual, methodological and organizational aspects of documentation and workflow in the accounting system continue to be debatable and need further investigation. The purpose of this article is to improve the control of the documentation of the movement of finished products and the formation of financial results from its implementation at enterprises. Result. The article analyses question to improve the accounting and control of documenting the movement of finished products and the formation of financial results from its sale at enterprises. The basic tasks of control over the documentation of finished goods accounting at the enterprises in the organization system and the normative legal acts, according to which the documentary verification of the movement of finished products at the enterprise are considered. The main stages of document flow in the statistical workflow schedule are highlighted. Conclusion. Therefore, summarizing all of the above, we can conclude that it is still necessary to disclose the finished product information in the financial statements of the enterprises in more detail, where it will allow users of the financial statements to analyze data on production process efficiency, business activity of the enterprise, profitability of production and sales, as well as accept well-balanced management decisions.

scholarly journals Bank Reconciliation Process Efficiency Using Online Web Based Accounting System 2.0 in Companies

2018 ◽  
Vol 1 (2) ◽  
pp. 124-129
Author(s):  
Po Abas Sunarya ◽  
Tuti Nurhaeni ◽  
Haris Haris
Keyword(s):  
Financial Statements ◽  
Process Efficiency ◽  
Accounting System ◽  
Web Based ◽  
Long Time ◽  
Computerized System ◽  
Reconciliation Process ◽  
Clear Information ◽  
Online Web ◽  
Communication And Information Technology

In the company the development of technology and knowledge which is marked by various advances in the field of communication and information technology is currently developing so rapidly. Clear information is information that presents data that is very accurate and complete and has benefits for the recipient of information or the leader of the company in monitoring. one of them is in the financial field within the company. In the current era of globalization an online computerized system becomes a very important requirement because it can reduce bad things and risk losing important data, difficulty in reconciliation like total bill not balance. therefore the web-based online accounting system provides Cash & Bank facilities so it can be reconciled both traditionally and modernly to facilitate in the process of bookkeeping of financial statements and certainly very effective because it does not require a long time, so effective and efficient.

IMPLEMENTASI AKUNTANSI SYARIAH UNTUK RUMAH SAKIT

2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Fauziah Fauziah
Keyword(s):  
Financial Reporting ◽  
Capital Market ◽  
Economic Activity ◽  
Value Added ◽  
Financial Statements ◽  
Accounting System ◽  
Hospital Services ◽  
Certification Standard ◽  
And Control ◽  
Business Sectors

Sharia economy that used to be synonymous with sharia financial institutions such as sharia banking, sharia insurance, and sharia capital market, now the concept of sharia is applied to other business sectors even to services such as the concept of sharia tourism with the hotel sharia and the latest is hospital services concept of sharia. Although the existence of hospitals already known at first, but the concept of hospitals that are in service and financial statements based on the concept of sharia is just beginning to apply. Implementation of sharia hospitals and sharia financial reporting is also regulated in SAK Sharia. SAK that regulates sharia financial under PSAK 101 Presentation of Sharia Financial Statements (revised 2016). The existence of a hospital is similar to other companies / organizations, it has a function and part to carry out service activities to the community. Each function has responsibility and control system. The function of sharia accounting system in hospitals to provide accountable and transparent financial information as the basis for proper decision making and planning ahead. So the hospital has Value Added. The hospital needs to implement a sharia accounting system in order to eliminate discrimination between economic activity and worship. Hospitals have a unique accounting system because in addition to running a business, also carry out social activities. Keyword: Sharia hospital, MUKISI, Sharia Hospital Certification Standard, Sharia Muqashid System, Value Adde

scholarly journals FOREIGN EXPERIENCE OF ACCOUNTING DIFFERENCES OF TAXATION AND THEIR REFLECTION IN THE FINANCIAL STATEMENTS OF THE ENTERPRISE

2021 ◽  
Author(s):  
Mariya Shygun ◽  
Anastasiia Chystova
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Accounting System ◽  
Accounting Data ◽  
Foreign Experience ◽  
Financial Reporting Standards ◽  
Tax Legislation ◽  
Foreign Countries ◽  
The Difference ◽  
Financial Result

Today, in the financial and economic crisis, accounting for differences that arise in determining the pre-tax financial result is an urgent problem that needs to be addressed and foreign experience shows that accounting and calculation of tax differences has its advantages. This article explores the peculiarities of tax accounting differences in foreign countries and analyzes international financial reporting standards regarding accounting and reporting differences. The experience of countries that reflect tax differences is analyzed and compared with the experience of reflecting tax differences in reporting in Ukraine. The authors consider the causes of tax differences and the need to study foreign experience to use it in the national accounting system. At the international level, the need for accounting for tax differences and their reflection in the financial statements was recognized during the adoption of the first edition of International Accounting Standard 12 Income Taxes. It should be noted that in foreign countries there are two approaches to the definition and reflection of the object of taxation. Therefore, in this regard, world experience divides countries into two groups: countries where accounting is carried out in accordance with the requirements of tax legislation and countries where tax legislation does not meet the requirements of accounting. Permanent accounting practice with the calculation of temporary tax differences of foreign countries involves determining the financial result according to accounting data and its further adjustment to calculate pre-tax profit. The main disadvantage of accounting for differences in foreign countries is that countries apply different approaches to the order of calculation of differences and there is no unambiguous interpretation of the order of their calculation and reporting. There is also the problem of forming information about differences in the accounting system. Ukraine is currently at the initial stage of implementing the difference accounting model. To date, the task is to develop and work out a method of determining differences in accordance with the terms of the Tax Code of Ukraine in calculating the taxable financial result based on the experience of countries that already distinguish differences in accounting.

scholarly journals Management accounting of costs for human capital of the service enterprise

2021 ◽  
Author(s):  
Larysa Soroka ◽  
◽  
Tаtiana Umanets ◽  
Keyword(s):  
Human Capital ◽  
Standard Form ◽  
Financial Statements ◽  
Legal Regulation ◽  
Life Cycles ◽  
Intangible Asset ◽  
Data Card ◽  
Main Role ◽  
Accounting System ◽  
Value Assessment

The systematic study, critical assessment of theoretical provisions and current practice of accounting organization of costs for human capital of the service enterprise, improvement of accounting mechanisms for the use of personal human assets and human capital of the enterprise are provided in the article. It is proved that the need to reflect human capital in accounting is due to the following factors: human capital is considered an integral part of national wealth; determining the main role of human knowledge, abilities, qualifications, and education in the process of social production; change of attitude to a person that is the appreciation of its creative potential and intellectual abilities. Characteristic definitions of human capital in aspects of different spheres of its functioning are analyzed. Peculiarities of normative and legal regulation of human capital as an intangible asset under SSAP and IFRS and identification of contradictions in accounting of personnel costs under the current accounting system are considered. The peculiarities of the organization of primary accounting of human capital at the enterprises of the service sphere are considered. It has been proposed to record information on the costs for human capital in terms of the processes of its formation, use, and development in the Employee Data Card (standard form P-2) by introducing an additional Section VI “Costs per employee.” The financial statements of analytics have been improved to Form No.1 of the Balance Sheet (Statement of Financial Condition) by introducing analytics in the first section of liabilities in the item “Additional capital” of information on human capital of the enterprise, which will generate financial statements for full disclosure to stakeholders, especially investors. Suggestions are given for the prospects of further development: research of accounting of costs for personnel of the enterprise depending on the life cycles of personnel and the enterprise, development of theoretical and methodological bases of corporate social reports on human capital, improvement of personnel value assessment methods (especially residual and liquidation value).

MANAGEMENT ACCOUNTING OF COSTS FOR HUMAN CAPITAL OF THE SERVICE ENTERPRISE

2021 ◽  
Vol 9 (1) ◽  
pp. 4-11
Author(s):  
Oksana Nesterenko ◽  
◽  
Angelika Krutova ◽  
Oksana Blуznіuk ◽  
Olena Zhyliakova ◽  
...  
Keyword(s):  
Human Capital ◽  
Standard Form ◽  
Financial Statements ◽  
Legal Regulation ◽  
Life Cycles ◽  
Intangible Asset ◽  
Data Card ◽  
Main Role ◽  
Accounting System ◽  
Value Assessment

The systematic study, critical assessment of theoretical provisions and current practice of accounting organization of costs for human capital of the service enterprise, improvement of accounting mechanisms for the use of personal human assets and human capital of the enterprise are provided in the article. It is proved that the need to reflect human capital in accounting is due to the following factors: human capital is considered an integral part of national wealth; determining the main role of human knowledge, abilities, qualifications, and education in the process of social production; change of attitude to a person that is the appreciation of its creative potential and intellectual abilities. Characteristic definitions of human capital in aspects of different spheres of its functioning are analyzed. Peculiarities of normative and legal regulation of human capital as an intangible asset under SSAP and IFRS and identification of contradictions in accounting of personnel costs under the current accounting system are considered. The peculiarities of the organization of primary accounting of human capital at the enterprises of the service sphere are considered. It has been proposed to record information on the costs for human capital in terms of the processes of its formation, use, and development in the Employee Data Card (standard form P-2) by introducing an additional Section VI “Costs per employee.” The financial statements of analytics have been improved to Form No.1 of the Balance Sheet (Statement of Financial Condition) by introducing analytics in the first section of liabilities in the item “Additional capital” of information on human capital of the enterprise, which will generate financial statements for full disclosure to stakeholders, especially investors. Suggestions are given for the prospects of further development: research of accounting of costs for personnel of the enterprise depending on the life cycles of personnel and the enterprise, development of theoretical and methodological bases of corporate social reports on human capital, improvement of personnel value assessment methods (especially residual and liquidation value).

scholarly journals INTANGIBLE ASSETS IN THE EXTERNAL REPORTING IN UKRAINE: IMPROVEMENT OF DISCLOSURE

2020 ◽  
Vol 3 (47) ◽  
pp. 33-42
Author(s):  
Iryna Budnik
Keyword(s):  
Intangible Assets ◽  
Financial Statements ◽  
Developed Countries ◽  
International Markets ◽  
Business Practices ◽  
Accounting System ◽  
Real Property ◽  
Financial Condition ◽  
External Reporting ◽  
And Control

The final product of an accounting information formation process on intangible assets is an enterprise's financial statement and internal (management) statement with appropriate operations details. Intangible assets and their role in assessing the effectiveness of a particular business entity are the subjects of intensive research by both foreign and Ukrainian scientists. Research of this accounting object will be relevant for the business practices in Ukraine until appropriate reporting recommendations are developed, which will reflect the real property and financial condition of the entity, which, in turn, will increase the reliability of reporting indicators and the economic attractiveness of the enterprise for potential stakeholders both in the Ukrainian and international markets. Therefore, the situation with non-disclosure of a part of the intangible assets in the company's financial statements is unacceptable, since its users expect full and reliable disclosure of information in the company's financial statements. The lack of complete and reliable information about the company does not allow its users to form an opinion and make final important decisions about the efficiency and prospects of a particular entity. Modern economic realities in developed countries and, especially in Ukraine dictate new requirements for the organization of the accounting process to manage, evaluate, and control transactions with intangible assets, which necessitates improving the organizational aspects of the accounting system in the enterprise, in particular, in terms of building an external reporting system. During the analysis of the approaches to the formation of external reporting in terms of providing information on intangible assets of the Ukrainian enterprises, as well as the nature and principles of the taxonomy of financial statements of Ukraine, recommendations on the structure and description of all components of intangible assets reporting were developed and systematized

Why Do Firms Write Off Their Goodwill? A Comparison of Different Accounting Systems

2015 ◽  
pp. 23-40 ◽  
Author(s):  
Francesco Avallone ◽  
Claudia Gabbioneta ◽  
Paola Ramassa ◽  
Marco Sorrentino
Keyword(s):  
Good Deal ◽  
Financial Statements ◽  
Cash Flows ◽  
Accounting System ◽  
Anglo Saxon ◽  
Accounting Systems ◽  
Ifrs Adoption ◽  
The Future

Increased comparability of financial statements across adopting countries is one of the main objectives of IFRS adoption. The level of achievement of this objective, however, is still debatable. While some studies have documented that crosscountry comparability of financial statements has increased after IFRS adoption, other studies have found that comparability has actually decreased since 2005. We contribute to this debate by studying whether the motivations for goodwill writeoff are the same or vary across countries with different accounting systems. Although a good deal of research has investigated the motivations for goodwill writeoff, our study is the first to analyze whether these motivations vary across countries with different accounting systems. We find that firms that expect low cash flows in the future are more likely to report goodwill write-offs if they are located in countries with an Anglo-Saxon accounting system than if they are located in countries with a Continental accounting system. These results suggest that IFRS are "interpreted" differently in different countries and that harmonization of financial statements has not been fully achieved yet.

Comparison of the perception of overt and covert options in IPSAS financial statements by intergovernmental organizations

Tékhne ◽  
2018 ◽  
Vol 16 (1) ◽  
pp. 28-39
Author(s):  
Berit Adam
Keyword(s):  
Public Sector ◽  
European Commission ◽  
Accounting Standards ◽  
Financial Statements ◽  
Criminal Court ◽  
Intergovernmental Organizations ◽  
Accounting System ◽  
Accrual Accounting ◽  
Public Sector Accounting ◽  
Primary Reference

AbstractSince 2012, the European Commission has embarked on the ambitious project to harmonize public sector accounting rules on all levels of government within Europe, mainly to improve the quality as well as the comparability of financial data. Although International Public Sector Accounting Standards were deemed not to be suitable for a simple take-over because of various reasons, they nevertheless shall function as a primary reference point for developing European Public Sector Accounting Standards. A total of 21 out of 28 central governments have already reformed their accounting standards to accrual accounting, and some of them have also relied on IPSAS in this exercise. Apart from governments, various international and supranational governmental organizations have also since the end of the 2000’s been reforming their accounting system to accrual accounting, and have in the same way relied on existing IPSAS. This paper explores accounting practices found in ten intergovernmental organizations (Commonwealth Secretariat, Council of Europe, European Commission, IAEA, INTERPOL, ITER, NAPMA, OECD, International Criminal Court, WFP) whose statements are prepared in compliance with IPSAS. It analyzes how overt and covert options contained in IPSAS with relevance to the activities of intergovernmental organizations are exercised and evaluates in which areas of accounting material differences in accounting practices can be found, which may hinder the comparability of financial statements prepared on the basis of IPSAS.

Problems and prospects for the Russian banking supervision development in modern conditions

2020 ◽  
Vol 26 (6) ◽  
pp. 1283-1296
Author(s):  
K.A. Omarieva ◽  
P.G. Isaeva
Keyword(s):  
Banking System ◽  
Main Role ◽  
Banking Supervision ◽  
Monetary System ◽  
The Russian Federation ◽  
Document Flow ◽  
Development Methods ◽  
Further Development ◽  
Development Prospects

Subject. The article addresses problems and prospects for the banking supervision development in the Russian Federation under modern conditions. Objectives. We review the essence and methods of organization of the banking supervision, and identify the main problems and prospects for its development. Methods. To provide valid, reliable and reasoned recommendations, we apply normative and integrated approaches to the study of the banking supervision effectiveness in the current circumstances. Results. The paper investigates main problems and development prospects for the Russian banking supervision. The essential importance of supervision comes from the main role of the banking system in maintaining accounts of economic entities and making settlements. Even minor failures or delays in operations can lead to negative outcomes and disastrous consequences for the entire monetary system and the national economy. Therefore, we highlight issues that require attention, and make proposals for further development of the banking supervision. Conclusions. In the context of dynamically developing economy, the banking practice is becoming more complex. As a result, there is a need for new financial instruments that can reduce risks, increase the speed and efficiency of operations and document flow, and help achieve the world levels of introduced standards.

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