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 REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

KHARKIV NATIONAL ECONOMIC UNIVERSITY, UKRAINE

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

 PUBLISHER

INZHEK PUBLISHING HOUSE (KHARKIV, UKRAINE)

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Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Thematic sections of the journal

Proceedings of scientific conferences



Accounting and Auditing

BUSINESS INFORM №1-2011

Pylypenko A. A., Pilipenko D. R.
Accounting in the Cycle of Strategic Management of Logistic and Transaction Costs of Integrated Structures of Business (p. 64 - 68)

The composition and structure, peculiarities of formation, methodology and conceptual base of introduction of accounting and analytic support of management of logistic and transaction costs of enterprises and their integrated amalgamations have been presented on the system base. The peculiarity of suggestions consists in the adoption of datacentric organisation of accounting process with its orientation on preventiveness of the decisions made.

Article is written in Russian


BUSINESS INFORM №2-2011, Vol.1

Litovchenko Y. Y., Kotsur S. N.
Theoretical aspects of defining of an enterprise debts receivable (p. 104 - 106)

The article considers existing in modern economic literature views on definition of essence of the conception «accounts receivable of enterprise». Three basic approaches to understanding of the given term are formed.

Article is written in Russian


Pinchuk T. A., Stefanovich N. Y.
Methodology of Control and Analysis of Accounts Receivable (p. 108 - 110)

The article considers methodological principles of control and analysis of accounts receivable. The stages of formation of policy of control of accounts receivable and indicators of its analysis are presented. Measures of raising efficiency of the system of control of accounts receivable are suggested.

Article is written in Russian


BUSINESS INFORM №2-2011, Vol.2

Semkina T. V., Sizonenko O. A., Khudoba Y. V.
Identification of Accounting As Science (p. 82 - 84)

The attention was focused on the theoretical and methodological bases of accounting. The objective was defined, the basic principles of accounting were considered. The object and subject of accounting were defined on the basis of study of various approaches. The research of basic elements of the method of accounting was done.

Article is written in Russian


Tyutyunnik P. S., Voloshan I. G.
Primary Accounting Documents – Essential Condition of Information Support of the System of Accounting (p. 84 - 86)

One of the directions of improvement of production management is the change of attitude to information. At present not only big information volumes are required but the acceleration of the processes of its formation, transmission and processing are required as well, i. e. the requirements to its quality are raised. First of all, it has to do with primary accounting information which is directly connected with the process of production.

Article is written in Russian


Tyutyunnik P. S., Sakharov P. O.
Organisation of the System of Responsibility Accounting (p. 86 - 88)

Responsibility centre is part of organization assigned in accounting for supervision of its activities. Delegation of authority over cost management to managers – heads of each centre of financial responsibility is indispensable condition of economic policy inside the organization. It is impossible to manage a large (and even medium) organization from one centre.

Article is written in Russian


Gliebova N. V.
Reflection of Financial Instruments in Accounting of Banking Institutions in Accordance with IFRS (p. 88 - 90)

The article touches upon the problems of reflection of financial instruments in accounting of banking institutions in accordance with International Financial Reporting Standards.

Article is written in Russian


Goryainova Y. S., Stirenko L. N.
Accounting and Reporting of Small Businesses in Accordance with IFRS (p. 91 - 93)

The problems of building of accounting work of small businesses with the use of requirements of IFRS were considered, the necessity of making financial reporting of a subject of small entrepreneurial activity in accordance with international standards was substantiated and the form of balance and report about financial results adapted to the requirements of IFRS was developed.

Article is written in Russian


Duganets N. V.
Pressing Problems of Calculation of Expenditures in Conditions of Integration of Fruit Production with its Processing (p. 94 - 95)

The problems of production and processing of products of fruit sub-complex were considered. The basic groups of documents used in fruit processing organizations were analyzed.

Article is written in Russian


Labunskaya S. V., Osyka A. S.
Problems of Accounting in Cost Management of Enterprise with the Purpose of Raising Economic Security (p. 96 - 98)

The approach to building of the system of accounting as information source for determination of the level of economic security of enterprise was substantiated.

Article is written in Russian


Mаliarevskyi Y. D., Tsybulko D. I.
Organisation and Accounting of Financial Provision of Technical Reequipment at Enterprise (p. 99 - 101)

The article analyses the problems of financial provision of reproduction of fixed assets in modern conditions. The problems connected with reflection in accounting of the use of resources for technical reequipment were considered as well; possibilities of creation of the Fund of technical reequipment and its accounting; creation of optimal structure of financing technical project of development.

Article is written in Russian


Pasenko N. S., Shushlyakova O. V.
Comparison of Accounts Receivable in Accordance with Ukrainian and International Standards of Accounting (p. 101 - 104)

Accounting of accounts receivable in accordance with national and international standards of accounting was analyzed, variants of formation of the allowance for doubtful accounts and receipt of debts after their write-off were presented and analyzed.

Article is written in Russian


Pisarchuk O. V., Romanets I. V.
Peculiarities of Reflection of Structural Capital of Enterprise in Accounting (p. 104 - 107)

The article reflects the essence of structural capital as component of broader category – intellectual capital. The classification of components of structural capital with the account of factor of materiality is suggested. The list of expenses of enterprise which are reasonable to take into account as long term investments into structural capital is presented.

Article is written in Russian


Fartushnyak O. V., Bezkorovaynaya L. V., Pasichnik I. Y.
Acceptance and Assessment of Accounts Receivable and Accounts Payable in Domestic and Foreign Practice (p. 107 - 109)

The article reveals the peculiarities of acceptance and assessment of accounts receivable and accounts payable in accordance with Provisions (Standards) of Accounting and IFRS and develops recommendations as to determination and termination of recognition of accounts receivable with the account of provisions of IFRS and experience of foreign countries as well.

Article is written in Russian


Skrypnik M. I.
Comparative Characteristic of the Methods of Calculation of Expenditures with the Purpose of Improvement of Management Accounts (p. 109 - 112)

The article studies the essence, advantages and shortcomings of factual and standard method of calculation of expenditures of calculation of production price. The studies show that the use of standard method of calculation is the basis for realization of proper supervision and analysis of production costs.

Article is written in Russian


Kovalev A. I., Kirsanova Y. V.
Peculiarities of Auditing in Nonprofit Organizations (p. 147 - 149)

The article considers the peculiarities of auditing in organizations which were given the code of non-profitability. The groups of users of audit information and customers of audit of such organizations are determined. The objects of audit which reflect the specific character of non-profit organizations are sorted out.

Article is written in Russian


Derenskaya Y. N.
The Use of Elements of Project Audit When Analyzing the Realization of Investment Project (p. 149 - 152)

The article studies the problems of topicality of introduction of audit into the practice of project management in conditions of pharmaceutical branch; it suggests the step-by-step scheme of making internal audit of a project, illustrates the instruments of its making by example of investment project of pharmaceutical enterprise.

Article is written in Russian


Kulyk R. R.
Problems of Formation of Ecological Audit in Ukraine (p. 153 - 155)

The article considers the foreign experience of introduction of ecological audit and problems of its formation in Ukraine; it studies the conditions which interfere with broad application of ecological audit as one of the modern means which contribute to effective functioning of the system of protection of environment.

Article is written in Russian


Multanivska T. V., Voinova T. S., Goryaeva M. S.
Problems of Realization of Audit Results at Enterprise (p. 155 - 157)

The article specifies the content of final stage of audit in the context of support of elimination by a client of significant falsifications in financial reporting, substantiates recommendations on improvement of normative legal base of realization of auditors’ findings.

Article is written in Russian


Ponikarov V. D., Kozhushko O. V.
Theoretical Bases of Formation and Development of Legal and Economic Expertise in Ukraine (p. 158 - 160)

The article considers theoretical bases of formation and development of legal and economic expertise in Ukraine. It determines the essence of legal and economic expertise and sorts out the basic directions of improvement of its development.

Article is written in Russian


Tyutyunnik P. S., Andryushchenko V. A.
Working Out of Transformational Balance of Enterprise (p. 160 - 163)

The article considers the balance of enterprise, comparing it with the same form made according to International Financial Reporting Standards and suggests using in practice the transformational balance which will allow to bring together the national accounting with the international one.

Article is written in Russian


BUSINESS INFORM №4-2011

Grischenko O.
Problems of Accounting Policy Formation in the Context of Globalization (p. 94 - 97)

The peculiarities of the accounting policy formation for the purpose of domestic enterprises financial statements comparability in the context of globalization have been disclosed in the article. Various economic schools thought representatives` approaches on the financial statements comparability problem have been examined.

Article is written in Russian


Lukin V. О., Mаliarevskyi Y. D., Olkhovskaya V. V.
Paradoxes of Inventory (p. 97 - 100)

There are reviewed contradictions of inventory as accounting method and as the method of economic control. There are explored legislative and normative base for the inventory, given suggestions for its improvement.

Article is written in Russian


Benko M.
Features and structural scheme of accounting organization in a automatization form (p. 100 - 102)

This article is devoted to theoretical and practical issues of application of an automated form of accounting. Has developed a scientific justification of the term «automated form of accounting». Justified by its fundamental difference from other forms. Generalized features and developed a block diagram of accounting in an automated manner.

Article is written in Ukrainan


BUSINESS INFORM №7-2011, Vol.1

Gretskaya G. N., Kolesnik T., Spivak M. G.
Formation and Stages of Development of the System of National Accounts (p. 108 - 110)

Central place in international standards of accounting and statistics belong to the System of National Accounts (SNA). SNA is the most important contemporary international standard UN national accounting. They used statistical agencies of most countries.

Article is written in Russian


BUSINESS INFORM №9-2011

Abramova O. V.
On some means costs calculation in light industry (p. 137 - 141)

The article deals with features of the application of costs calculation methods absorption costing and direct costing in production enterprise, which specializes in manufacturing of personal protective equipment.

Article is written in Ukrainan


BUSINESS INFORM №10-2011

Buga N. Y., Gavrilenko N. V.
Before and After 1 April, 2011 (p. 103 - 106)

The article considers the peculiarities of calculation and payment of income tax dividend advance installment. It analyses the changes concerning this payment which are connected with the enactment of the Tax Code of Ukraine.

Article is written in Russian


BUSINESS INFORM №5-2012

Oliynik Y. V.
Problem of Methodology and Organization of Accounting and Financial Reporting of Nonprofit Organizations (p. 234 - 236)

The paper investigated the state of legal framework for the activities of nonprofit organizations in order to identify problematic aspects of the methodology of accounting and financial reporting.

Article is written in Ukrainan


BUSINESS INFORM №6-2012

Bolduyev M. V., Sergeeva L.
Considering Fractals Space and Time Derivatives in Drawing up the Balance Sheet (p. 139 - 142)

In the article the method of construction fractal balance sheet, which is the algorithm with 11 iterations. The structure of fractal balance sheet that includes the following sections: balance sheet, accounting records adjustments, adjusted balance, fractal accounting records according to local fractals, fractal analytical balance according to local fractals, fractal accounting records according to Time fractals, fractal analytical balance at time fractals, fractal balance sheet.

Article is written in Ukrainan


BUSINESS INFORM №8-2012

Golub Y. А.
Application of procedure of analysis of crediting of management subjects in public accountant activity (p. 148 - 151)

In the article is considered modern market of public accountant services condition. Grounded necessity of analysis of crediting of management subjects. The scientific-methodical going is offered near determination of expedience of bringing in of credit resources with a currency constituent as a public accountant favour.

Article is written in Ukrainan


Prokopishyna O. V., Kozubova N. V.
Financial and Management Accounting for Income of Travel Enterprises (p. 151 - 154)

The theoretic fundamentals of income earned by travel enterprises are analyzed in the paper. The kinds of travel rent are marked out by the role of information resources. Information potential of financial accounting for evaluating economic income is discussed. To increase efficiency of travel enterprise income management employment of retrospective and perspective informational models of economic value added is suggested by the authors.

Article is written in Ukrainan


Reta M. V.
Logistic Charges: Determination, Classification and Account (p. 155 - 158)

In the article are analysed modern going near determination of concept «logistic charges», they are given comparative analysis, investigational existent classifications of logistic charges, from point of possibility of construction on their basis of the proper system of account of logistic charges.

Article is written in Ukrainan


Shvets N. V., Brodskiy A. L.
Problem questions of analysis of the fixed assets of enterprise (p. 159 - 162)

The separate problem questions of analysis of the fixed assets, arising up in practice at his implementation and dictated the real terms of management, are considered in the article. The fallaciousness of cost estimation of physical wear of the fixed assets and impossibility of the use in the modern terms of the generally accepted method of determination of level of their obsolescence is well-proven. An author look is presented on possibility of perfection of these methods.

Article is written in Ukrainan


BUSINESS INFORM №9-2012

Zhulavskiy A. Y., Sidorenko N. V.
Accounting of Rent in the Value Chains Assessing (p. 234 - 236)

This article gives an analysis of the accumulation of value chains; the evolution of concepts is analyzed. The main elements of the analysis of value chains are discussed. The relationships between the characteristics of the accumulation of value chains are analyzed. The rent in assessing of value chains is discussed.

Article is written in Ukrainan


BUSINESS INFORM №10-2012

Lyadovaya Y. A., Deineko E. V.
Determination of the Effectiveness of the Internal Financial Control in the Public Institution (p. 191 - 194)

In the article is devoted to determining the effectiveness of internal financial control in the budget office. A scientific and methodological approach to assess the effectiveness of internal financial control is based on an assessment of performance indicators of the internal controller (figures costs, product performance, quality and performance).

Article is written in Ukrainan


Slyunina T. L., Hlushach Y. S.
A Method of Estimation of Reserve of Doubtful Debts is in a Balance Sheet (p. 194 - 198)

The article investigates the problems of the assessment of the accounts receivables in the balance sheet of the company, examines various methods of of indefinite debt formation, idetifies their drawbacks and advantages.

Article is written in Ukrainan


BUSINESS INFORM №11-2012

Andrusyak V. N.
Evolution of the Formation and Development of Management Accounting (p. 233 - 236)

The article considers the conditions of formation and development of management accounting. Based on the analysis of performed analyze it was proposed to allocate seven stages of historical development of management accounting: the primitive world, the ancient world, the ancient world, the Middle Ages, modern times, industrial and modern stage.

Article is written in Ukrainan


Gliebova N. V.
Disclosure in the Financial Statement of the Banking Institution in Accordance with IFRS and Basel Committee (p. 236 - 240)

The paper analyzes the main differences between IFRS and Basel Committee on Banking Supervision at the preparation of the financial statements, identified challenges and the way forward in disclosing information in accordance with IFRS.

Article is written in Ukrainan


Kurgan N. V., Luchaninova A. S.
Strategic Management of Intangible Results of Innovation of the Company and the Cost of it’s Creating (p. 241 - 245)

The article proposed to introduce a Strategic Managerial Accounting of innovations for improve the Financial Accounting and for preserve his value optimum information system for progressive innovative enterprises. The reasons for the limited Financial Accounting of intangible resources were studied. The tasks of Strategic Managerial Accounting were identified, given the information needs of management of innovation costs.

Article is written in Ukrainan


Leonova Y. A.
Accounting Problems of Logistics Costs for Domestic Enterprises (p. 245 - 247)

In article the directions of the solution of problems of the accounting of logistical expenses at the domestic enterprises are defined, namely: it is necessary to enter into book of accounts of accounting of the subaccount for the accounting of logistical expenses, to organize the analytical account for subaccounts of logistical expenses on business processes and to carry out continuous control of the accounting of logistical expenses.

Article is written in Ukrainan


BUSINESS INFORM №12-2012

Pylypenko A. A., Pilipenko S. N.
The Balanced Scorecard Using as a Tool for Management Consulting (p. 238 - 241)

The article contains the results of studying characteristics of the consulting market in the sphere of management process organizing. The role of management consultancy for improve the company efficiency is determined. The feature of using the balanced scorecard as consulting services is considered. The article highlights sequence and main problems of balanced scorecard implementing.

Article is written in Ukrainan


Kosata I. A.
Some Problems of the Accounts Receivable in Ukraine (p. 242 - 245)

In article the current state was in details analyzed and defined the main problems of the methodology receivable in Ukraine. The author was proposed some directions for the effective solution of problems in management of the accounts receivable, which was are directed on formation of reliable information for administration of enterprise, terms of the possibility its specification or generalizations depending on the chosen criteria.

Article is written in Ukrainan


Multanivska T. V., Goryaeva M. S.
Using the Representations of Management Personnel Client as Audit Evidence to Improve the Quality of Audit (p. 245 - 248)

In the article it has been define more exactly and grounded the theoretical and practical aspects of communication with the auditor's management personnel in the form of a client receiving assurances to achieve the improvement of quality of audit evidence. Set out in article features to communicate with client management personnel at the stage of the audit will help more objectively influence the content, form and timing of the report of the independent auditor.

Article is written in Russian


Hlushach Y. S.
Regulation of the Accounting Issues of the Rental Operations With the Fixed Assets According to the Changes in Legislation (p. 249 - 252)

The article examines theoretical and methodological issues on accounting of the certain rental operations of fixed assets from an individual in accordance with the provisions of the Tax Code of Ukraine; the comparability of the provisions of the Tax Code of Ukraine and other normative and legal acts on the subject of their application in the accounting practice with regard to the calculation reflection of the taxation of an income of the individual received from the offering for operating lease of his/her own property is analyzed.

Article is written in Ukrainan


Kreshchenko O. V.
Methodological and Methodical Principles of the ABC-approach as a Universal Mechanism for the Analysis of Commodity Stocks (p. 253 - 258)

The article shows the relevance of research of methodological and methodical foundations of the ABC-approach as in connection with the need to control in the modern retail sector a large number of varieties of the product range and in connection with introduction in practice of category management. Also it was discussed the methodological aspects of the essence of the ABC-approach as a universal mechanism for the analysis of categories of commodity stocks. It was defined particular features of ABC-approach and semantic twins: ABC-analysis as a method of classification and ABC-analysis as a method of accounting for and control of stocks. The author suggests the system model management categories (reserves) according to the ABC-approach.

Article is written in Ukrainan


Matyushchenko S. S., Tsybulko D. I.
Current Issues of Accounting and Evaluation of Intangible Assets (p. 259 - 261)

The paper considers some problems of the assess and correctness of accounting intangible assets, as well as arising from this negative phenomenon. It is concluded that the domestic of intangible assets requires improvement based on international experience. Also it should be improved the method of the independent evaluation of intangible assets and development of the primary documentation for the accounting of the asset.

Article is written in Russian


BUSINESS INFORM №1-2013

Bielova I. V., Koreneva O. G., Sysoeva L. Y.
The Need for Improved Control of Banks on Financial Statement Presentation (p. 239 - 245)

The article investigates the consequences of distorted reporting of Ukrainian banks. The financial statements of liquidated Ukrainian banks, in which was introduced the temporary administration, was analyzed. Revealed that compiled financial reporting in the liquidated banks do not fully disclosed their real financial statement. The necessity of improving of the system for control the transparency and quality of financial reporting in banks is formulated. The practical tools of the influence measures implementation by the supervisory authorities for banks which violate the NBU requirements in the disclosure of financial reporting, are proposed.

Article is written in Ukrainan


Gorobynska M. V., Gil S. Y.
The Problems of Synthesis of Binary Correlation of Scientific Concepts of Value and the Worth in the Theory of Estimation Activities (p. 245 - 248)

The problem of the of binary correlation synthesis of scientific concepts of value and worth in the domestic assessment standards has been considerate. The procedure of elimination of value and binary correlation cyntecic destruction concept has been proposed. The scientific worth concept will dominate, as a result of it in the theory and standards of estimation activities.

Article is written in Russian


Yefremova L. V., Yefremov S. L.
Problems of Improving the Methodology and Organization Assessment of Property (p. 249 - 251)

In the article have been investigated problems of further institution evaluation development in Ukraine in directions of development and improvement of the legislative, legal and regulatory framework of reference market evaluation services; Theory, methodology and practice evaluation process different kinds of property, organizing and creating a database assessment activities for families, property, creating new information base appraiser have been discussed.

Article is written in Ukrainan


Lukin V. О., Mаliarevskyi Y. D., Olkhovskaya V. V.
Formation Programs for Accountants in Universities of Ukraine (p. 252 - 257)

The article describes the approaches to the formation of the training of accountants in Ukraine. The analysis of the regulatory disciplines of education and professional programs bachelors in accounting and auditing have been executed. Ways of improving training component of OPP and curricula are offered. The approach to the implementation of economic specialization by industry knowledge, which defines the accounting profession in accordance with the classifier DK 003:2010 have been presented and illustrated.

Article is written in Russian


Mokhnyak V. S., Bachinskiy V. I.
Organization of the System of Internal Control in Credit Unions (p. 258 - 261)

Regulation and features of the internal control system of Ukrainian credit unions are considered in the article. Control after financially economic activity of credit union is carried out by the Checkup committee the members of which work on the public beginnings. Credit unions for the leadthrough of internal audit can create department of internal audit, which must report to Observant advice. Such organization of the internal checking system appeared uneffective, as principle of independence does not stick to. Bringing in Observant advice the special worker – competent independent specialist is one of ways of improvement of the internal checking system in credit unions.

Article is written in Ukrainan


Pylypenko L. M., Demskaya Y. V.
The Impact of Regulatory Balance Sheets on the Format of Financial Statements (p. 261 - 265)

The reasons for appearing and using of regulatives in accounting are described. The unction of some modern regulatory balance sheets is critically analyzed and their impact on the assessment of financial-property status of enterprise is researched in this article.

Article is written in Ukrainan


BUSINESS INFORM №2-2013

Andrenko O. A., Mordovtsev S. M.
Methods of Attributive Sampling Research in Audit (p. 200 - 203)

The article substantiates a necessity to apply statistical approach to formation of auditing sampling. It draws a conclusion about a necessity to regularly conduct, within the framework of internal audit, an attributive sample examination of documents even in the event of complete automation of documents circulation and accounting in a company. The proposed technique allows identification of the volume of sampling and upper limit of accuracy with the use of statistical methods of assessment of the universal set of documents.

Article is written in Russian


Demidenko L. P.
Accounting and Accounting Policy (p. 204 - 208)

The article considers essence and contents of accounting policy. Its provides information with respect to main aspects of formation and application of accounting policy in Ukraine. It studies the structure of regulations on accounting policy that were developed in a company. It specifies correlation of accounting policy and organisation of accounting. It explains the determining role of the top manager and chief accountant in formation of accounting policy of a company. It identifies regulation of main components of accounting policy. It justifies interrelation of accounting and accounting policy.

Article is written in Ukrainan


Doroshenko O. O.
Transformation of Objects of Accounting in Budget Funded Institutions in the Context of Modernisation of Accounting in the State Sector (p. 209 - 211)

The article is devoted to consideration of main changes that would take place in accounting system in budget financed institutions after introduction of National Regulations (standards) of accounting in the state sector. Its urgency is justified by large-scale reformation of accounting in the state sector. The author describes issues of transformation of objects of accounting from the point of view of assets, own capital, liabilities, proceeds and expenses. Changes touch both appearance of new objects of accounting, not typical for budget financed institutions in the past, and rearrangement of enlarged objects. The said changes are compared with provisions of international standards of accounting in the state sector.

Article is written in Ukrainan


Paskalova A. G.
Classification of Expenditures of a Company in Accordance with Functions and Tasks of Controlling (p. 212 - 217)

The article substantiates a necessity of classification of expenditures by various criteria with the aim to create an information base for decision making. It conducts comparison of various approaches to classification of expenditures. It analyses domestic and foreign experience and offers a tailor-made approach to classification of expenditures in accordance with functions and tasks of controlling in a company, which would allow acceleration of the process of selection of classification properties for making a specific managerial solution and to optimise the process of expenditure control.

Article is written in Ukrainan


Popko Y. Y.
Development of a Methodology of Assessment in Accounting: Institutional Approach (p. 218 - 222)

The article thoroughly studies development of a methodology of assessment in accounting. The goal of the article is to justify priority nature of institutional interest in economic essence of specific assessment and reducing dependence of development of methodology of assessment from institutional competition of economic agents and institutional groups of the socio-economic environment. It shows that modern perception of assessment in accounting is narrow and requires re-consideration due to a set of basic provisions of institutional theory. Institutional approach allows making a conclusion that the problem of development of methodology of cost assessment goes beyond the limits of accounting system and lies not only in selection of a method of its carrying out, but also in understanding of what stimulates this selection and what are its consequences. It proves that any assessment contains interest of a certain economic agent (institutional group), which is the institutional motivation of development of methodology of assessment.

Article is written in Ukrainan


BUSINESS INFORM №3-2013

Ivanova L. B.
Theoretical Foundations of Determination of Doubtful and bad Debts under Conditions of Anti-Crisis Measures (p. 286 - 292)

The article shows the reasons of the necessity to study methodology of determination of doubtful and bad debts. It states that unlike bad debts, characteristics of which are mostly defined in legislative and regulatory documents, characteristics of doubtful debts are not specifically defined. That is why it studies in detail the norms of not only national accounting standards but also norms of the Tax Code of Ukraine, legislative norms subordinate to Tax Code and also recommendations of the international accounting standard 39 “Financial instruments: Recognition and Measurement”. It reckons that the characteristics of doubtful debts acquire special importance in the process of anti-crisis management, since the general order of writing off doubtful debts cannot be applied in this case. The article provides a list of characteristics of doubtful debts, the order of which is built depending on the weight of factors that influence the financial state of the subject-debtor in the real sector of economy, with the purpose of formation of reserve of doubtful debts in accounting and improvement of orders of restructurisation and writing off debts on the basis of legislative and regulatory norms.

Article is written in Ukrainan


BUSINESS INFORM №4-2013

Slobodyanik Y. B.
Types and Forms of the State Audit (p. 351 - 356)

The article analyses existing approaches to identification of types and forms of the state audit. Scientifically substantiated classification of types and forms of the state audit would allow correct understanding of its content, functions and prospects of development. Author’s understanding of types and forms of the state audit is substantiated on the basis of philosophical meaning of “type” and “form” notions. The article offers to use the presented classification when developing legislative and regulatory acts in the sphere of control of state finances.

Article is written in Ukrainan


Teslenko T. I., Konkova N. V.
Accounting of Financial Results: Problems and Ways of Perfection (p. 356 - 360)

The topic of financial results of activity of a company is always topical and often discussed by scientists and experts in the field of economy and management of a company. The article provides analysis of various approaches to explanation of the “financial result” notion. It studies classification of financial results. It considers the order of reflection of formation of a financial result of a company in accounting and provides proposals on its perfection, in particular, introduction of sub-accounts to the profit and loss account by various types of activity. Such a classification of financial results by types of activity on account 44 “Undistributed profit (uncovered losses)” would allow control of influence of results of a separate type of activity on the total result of activity of a company. This would provide information to insiders for making managerial decisions on improvement of results in a specific direction of economic activity.

Article is written in Ukrainan


Gogol T. A.
Double Entry in Accounting of Small Businesses (p. 361 - 366)

The article states that a separate category of small businesses (starting from 2011) acquired the right to conduct simplified accounting of income and expenses without application of the plan of accounts and method of double entry. Analysis of literature sources allowed drawing a conclusion that it is impossible to imagine development of accounting without the use of the method of double entry and appearance of various theories regarding the reasons of its appearance. Having analysed methods of Methodical Recommendations No. 720, which allow accounting without the use of the method of double entry, it was proved that each economic operation is reflected in two logs (and in statements – in the event of bigger detailed elaboration), which testifies to application of the method of double entry for reflection of economic operations. Simplified accounting registers differ from the common ones, since they do not contain common accounting concepts – debit and credit, but only main economic concepts: reduction, retirement, receipt and writing-off. Application of the double entry method in the result of accounting economic operations allows tracing changes in assets and liabilities accounts and income and expenses accounts, which allows fast and quality preparation of accounting reports and getting a wider spectrum of information for satisfaction of needs of external and internal users of economic information. Consequently, solution of the task of perfection of methodology of accounting for the subjects of small business through the use of the accounting form, which does not envisage double entry, facilitated development and introduction of a set of new regulatory and legal documents and introduction of changes into existing ones. However, the issue of cancelling the method of double entry in organisation of accounting for small businesses stays unsolved and requires further study.

Article is written in Ukrainan


BUSINESS INFORM №5-2013

Leonova Y. A.
Specific Features of Accounting Fixed Assets in a Company (p. 298 - 302)

The article studies economic essence of fixed assets of a company and conducts analysis of their essence by different authors. It describes main methods of depreciation of fixed assets. It reveals differences between new and old Tax Code with respect to fixed assets accounting. On the one hand, introduction of the Tax Code simplifies work of book keepers, approximating tax accounting to book accounting, on the other hand, rises many currently unclear questions when calculating taxable income in a transition period. The article establishes that the new order of tax accounting of fixed assets is significantly different from the one we are used to. If we assess it in general, it is necessary to note the lawmaker effort to maximally approximate it to book accounting of fixed assets, which could be traced in unification of terms.

Article is written in Ukrainan


BUSINESS INFORM №6-2013

Geyer E. S.
Deferred Taxes on Operations With the Capital: Acceptance and Accounting (p. 313 - 319)

The article analyses requirements of the national standards of accounting and international standards of fiscal accounting in application of the mechanism of deferred taxes that ensures reflection of the current and future tax consequences of economic operations of a company and envisages provision of information about deferred taxes in financial reports. It justifies that accounting of tax consequences of operations and other events should be carried out in the same manner as the accounting of the operations and events is carried out. It identifies possible methods of reflection of deferred taxes: in profits (losses), in other aggregate profit, in own capital items and in goodwill. It considers approaches to acceptance of deferred taxes by operations, which are reflected by items of the capital on the example of re-evaluation of fixed assets. It formulates directions of improvement of the legislation and provides recommendations on accounting of deferred taxes in the moment of re-evaluation of the objects of fixed assets and also gradual transferral of the sum of increase in the value of fixed assets to the undistributed profit and writing-off the deferred tax liability, realisation of which would allow increase the quality of fiscal accounting.

Article is written in Ukrainan


Gogol T. A.
Analysis in the System of Accounting and Analytical Provision of Small Businesses (p. 319 - 324)

The article justifies that analysis of financial and economic activity in small businesses is an important component of accounting and analytical provision and promotes stable development and expansion of activity under modern economic conditions. It also identifies the place of economic analysis in the system of managing small businesses and develops a scheme of interconnection of accounting and analysis with relevant movement of economic information and their influence on making managerial decisions by company leaders. Moreover, it considers organisation of economic analysis in small businesses, marks out separate sub-functions of organisation of economic analysis and a necessity of development of a programme or plan of carrying out analysis with consideration of goals and tasks of the management system. It marks out factors that influence financial stability of subjects of small entrepreneurship and also conducts a generalised classification of indicators of activity with consideration of the type of a participant of market relations and information requirements of different users.

Article is written in Russian


Ostapenko T. N.
Losses: Recognition Criteria, Category Features, Interpretation (p. 325 - 329)

The article solves the confusion with respect to simultaneous use of the terms “expenditures” and “losses” – by means of the study of processes, which cause their formation. Different modern interpretations of the “costs” category are considered. The article provides the author’s interpretation of the “expenditures” notion. It offers the author’s own view of losses and expenditures in the system of the company economy. Features of the “losses” category and criteria of recognition of losses are provided with the aim to specify such a group of indicators as losses and also for better essential understanding (interpretation). Criteria of recognition of losses include: absence of their purpose, unpredictability of appearance, stipulation by risks of owning property, non-advent (non-expectation of advent) of a positive economic effect for a company. It is offered to include the following into the features of the “losses” category: loss of own cost by assets or liabilities, which is caused by factors that indicate that effectiveness of assets, liabilities and receivables is or will be worse than it was expected, also expression of reduction of value of inventory holdings, investments, assets or liabilities, absence of direction of their appearance (benefits).

Article is written in Ukrainan


BUSINESS INFORM №7-2013

Kaminska T. H.
Modelling Capital Turnover for Application in Accounting (p. 256 - 263)

The article offers a complex mathematical model of an enterprise capital turnover with consideration of the time factor. It conducts analysis of studies and publications of domestic and foreign scientists on this subject. It uses differential dependencies between the studied indicators in the built model. It provides a decision of the differential equation of dependence of the capital on time at different levels of investments into equity. The model takes into consideration a possibility of investing a part of profit into means of production. The article considers fixed assets, number of employees and volume of production of the agrarian sector of Ukrainian economy as an example of effectiveness of the use of capital. It shows that the real growth of production (3% per annum) is explained by restructuring of production connected with reduction of a number of employees. Namely the process of restructuring ensures growth of the volume of production. As regards fixed assets, their contribution is positive but insignificant, which is explained by the absence of systematic depreciation of worn-out and outmoded means of production.

Article is written in Ukrainan


Kuznetsova L. N.
Applying Benchmarking in Audit (p. 264 - 268)

The article considers possibilities of the use of benchmarking when rendering other services to auditing organisations. Under conditions of knowledge economy, the benchmarking is an agent of distribution of various knowledge, including special knowledge of accounting. Auditing companies can render such benchmarking services as: comparison of indicators of activity of economic subjects, assessment of systems of accounting and revelation of problematic points of such systems, and formation of reference business processes of accounting. The article justifies a legislative possibility and economic necessity of the use of benchmarking in activity of auditing firms.

Article is written in Russian


Sazhynets S. I., Trofymchuk V. Y.
Documentary Provision of Accounting of Depreciation of Capital Assets of an Enterprise (p. 269 - 276)

The article underlines the role of depreciation in the process of formation of cost of the sold products and taxable profit of an enterprise. It provides a brief characteristic of depreciation methods, envisaged in the Tax Code of Ukraine and national standards of accounting and points at their individual differences and provides algorithms of charging. Specific templates of primary accounting documents are proposed for each of the methods of depreciation of capital assets and examples of their filling are given.

Article is written in Ukrainan


BUSINESS INFORM №8-2013

Kachalay V. V.
Kaizen Costing: Experience and Prospects of Implementation at Industrial Enterprises of Ukraine (p. 273 - 277)

The article focuses on a necessity to apply effective methods of cost accounting of products for gaining competitive advantages by the Ukrainian industrial enterprises in the world market of goods and services. It describes the essence of the kaizen costing as a process of continuous and gradual improvement and also identifies factors, which de-stimulate rapid propagation of these methods of cost accounting at domestic enterprises. It provides experience of its implementation at the Ukrainian company Coca-Cola Beverages Ukraine, in particular, marks out three key principles, which formed the basis of its successful implementation. It offers to make amendments to Article 364 of Methodical Recommendations on Formation of Cost of Products (works, services) in Industry. It conducts a comparative analysis and establishes a functional interconnection between the kaizen costing and such methods of cost accounting of industrial products as standard costing, target costing and “just in time” approach. It develops a model of an optimal system of cost accounting of products of industrial enterprises on the basis of the results of the study.

Article is written in Ukrainan


BUSINESS INFORM №9-2013

Multanivska T. V., Voinova T. S.
Development of an Approach to Improvement of Organisation of the Auditing Process (p. 246 - 253)

The article justifies expediency of accounting when determining the essence of the auditing process and its orientation at achievement of the goal identified by MSA. It shows that achievement of this goal passes a number of intermediary goals, which identify essence of each of the stages of the auditing process. Such an approach allows more accurate structuring of the auditing process, re-consideration of its essence and consequence of the progress of stages in accordance with specifications of needs of users connected with a necessity to respond to challenges of the economic practice. The article justifies urgency of supplementing stages of the auditing process through allocation of the “interaction between the auditor and managerial personnel” stage due to significance of conducted procedures both for achievement of mutual understanding between the participants of the auditing process and for realisation of goals of these participants. The article defines the “organisation of the auditing process” notion, which creates prerequisites for ensuring a more rational approach to solution of a number of theoretical and practical problems of ensuring proper interaction in the auditing process.

Article is written in Ukrainan


Ryadska V. V.
Development of Ideas on the Essence of Audit (p. 254 - 258)

The article analyses the essence of audit as a professional practice, which appeared and is developed in the system of triangular relationship. It considers triangular relationship as an objective form of audit existence. This approach allowed tracing changes in understanding audit in connection with changes of the character of relations, which are established between the user and responsible party. Main metamorphoses occur in the result of development of property relationship and control relationship from the direction of the user towards the responsible party. Implementation of audit in the countries of post-totalitarian economy took place under conditions that correspond with a low level of organisation of “user – responsible party” relationship, namely: domination of property relationship and direct control of users with respect to the responsible party. This type of organisation of “user – responsible party” relationship had an objective consequence of formation of audit tasks through delegation of a part of control functions to an independent subject – auditor. This explains the method of separation of audit from other types of control through application of the “independent” property in wording of its essence. Development of “user – responsible party” relationship resulted in loss of property relationship and control relationship. This type of relationship forms a new content of audit tasks – reduction of information risks through conduct of independent assessment of financial information. Thus, the article identifies a conflict between historical views on audit as a form or method of independent financial control and its actual state as a form of assessment of financial information and method of reduction of information risks.

Article is written in Ukrainan


Dashkevych O. Y.
Harmonisation of Business and Tax Accounting – the Basis of Efficient Control of Expenditures in the Context of Taxation (p. 259 - 263)

The goal of the article is formulation and justification of directions of harmonisation of business and tax accounting with the purpose of optimisation of the process of control of expenditures in the context of taxation. Having analysed, systemised and generalised achievements of the researchers that dealt with the problems of harmonisation of tax and business accounting of expenditures, the article considers existing problems of practical and theoretical character connected with control of expenditures in the context of taxation. In the result of the study the article specifies directions of harmonisation of tax and business accounting of expenditures, namely: it reveals problems with discrepancy between acceptance of expenditures in business and tax accounting; its conducts comparison of cost structures, which are formed in the business and tax accounting in the context of taxation; it reveals discrepancies in the concept mechanism approved by regulatory acts of the business and tax accounting; it points out a necessity of correcting the system of registers, intended for accounting and control of expenditures, with the aim to optimise and increase the control level. In the result of the conducted study the article offers: in order to harmonise and identify the existing tax base – to approve at the legislative level and for practical use the unifying notion “cost of finished / sold products (goods, works or services)”; in order to avoid appearance of “tax differences” – to integrate Tax Code of Ukraine, National Provisions (Standard) of Accounting into a uniform regulatory act; in order to optimise and increase the level of control of expenditures – to identify variants of optimisation of the system of registers intended for business accounting and tax control.

Article is written in Ukrainan


BUSINESS INFORM №10-2013

Dikan L. V., Deineko E. V.
Organisation of Internal Control in a Budget Institution: Applied Aspect (p. 296 - 301)

The article proves urgency and necessity of organisation of internal control in budget institutions. It graphically depicts a general structure of the organisation of internal control in budget institutions. It offers and substantiates a model of organisation of internal control in budget institutions. It proves that the key principles of organisation of internal control in budget institutions are principles of effectiveness and efficiency. Moreover, the effectiveness principle is connected with identification of an optimal number and the most expedient composition of the internal control department in a budget institution. Using economic and mathematical methods, the article calculates an optimal number and composition of such a department. It makes a conclusion that the internal control department of a budget institution should include 2 controllers of the third type and 2 controllers of the fifth type, while it is not expedient to include controllers of the first, second and fourth types. Besides, the wages fund should be minimal – UAH 6,800 per month.

Article is written in Ukrainan


Ryadska V. V.
Study of Modern Problems of the Theory of Audit as a Compound System of Economic Sciences (p. 301 - 305)

The article conducts analysis of essence of audit as an independent science in the system of economic sciences. Opinions of scientists regarding the form of audit existence in the system of economic sciences have two polar points of view. The first one is based on the fact that audit is a part of the science on economic control and factually cannot be considered as an independent science. According to the polar views, audit is an independent science. Revelation of the essence of audit as an independent economic science is done with consideration of the following: three-sided relations are an objective form of audit existence; audit develops under the influence of changes of the form of relations between users and a responsible party, which, in its turn, is a consequence of the evolution of economic relations; audit as a practical activity represents an independent assessment of financial information in the general system of economic management with the goal to provide a relevant level of assurance of users of this information, which allows reduction of information risks in the control environment and in the process of making managerial decisions. Taking into account all above specified circumstances, the article identifies the essence of audit as an independent economic science as follows: audit is a science on the aggregate and development of relations that arise between the subjects of information exchange with respect to the objective and complete formation of information about the property and financial state, results of activity, which is used in the process of making managerial decisions.

Article is written in Ukrainan


Beskosta H. M.
Substantiation of the Essence of Intangible Assets in Accounting (p. 306 - 310)

Economic subjects in Ukraine started to use intangible assets in their financial and economic activity more often, but still less than in other countries of the world. One of the reasons is a difficulty in understanding the essence of an intangible asset as an object of accounting. The goal of the article is to identify the essence of intangible assets for accounting in accordance with regulatory documents on accounting of intangible assets. The article justifies essence of intangible assets, identifies contradictions of main aspects of the essence of intangible assets for organisation of accounting. It generalises the definition of the “intangible asset” term and “identification” notion, systemises criteria of acknowledgement of intangible assets and justifies features of classification of intangible assets for accounting. In order to eliminate detected contradictions in regulatory documents and interpret clearly main general provisions with respect to organisation of accounting of intangible assets, the article offers: to give a justified definition of the intangible asset; to introduce addenda to the Regulations (standard) of Accounting No. 8 “Intangible Assets” with respect to identification of objects of intangible assets; to identify criteria of acknowledgement of intangible assets; to generalise main features of classification of intangible assets in accordance with Regulations (standard) of Accounting No. 8 for accounting and financial reporting. Solution of these issues is important for effective and proper organisation of accounting and formation of information on intangible assets and authenticity of financial reports.

Article is written in Ukrainan


Goferber Y. V.
Determining Efficiency of Auditing the Marketing Activity (p. 311 - 316)

The article considers the essence, determination and assessment of efficiency of the audit of the marketing activity. It studies the existing practice and quality of independent examination with the purpose of identification of advantages and shortcomings. As a result, the article identifies main principles of the audit at an enterprise in order to make marketing activity mode effective and profitable. The article justifies that, apart from the use of the procedures of assessment of efficiency, it is important to use a system of criteria, which help to determine correspondence of the audit with the set strategic goals, optimise the process of co-ordination with the risk management service, and develop an efficient system of advanced training and motivation of personnel. The further studies of this problem should go in the direction of determination of what wording the auditor should use when presenting the final product of his or her work, how auditors see this process of obtaining objective data and what criteria the users and auditors consider to be acceptable.

Article is written in Ukrainan


Sakharov P. O.
Reflection of Loyalty Programmes with the Use of Bonuses in Accounting (p. 316 - 321)

The article studies loyalty programmes that are used at modern trading enterprises and discovers main barriers on the way of development of methodical approaches of bonus accounting provided to the clients of loyalty programmes. It analyses theoretical and methodical aspects of bonus accounting in international practice and methods of reflection of loyalty programmes in accounting with the use of bonuses existing in Ukraine. Comparing electronic money and settlement elements of the loyalty programmes, the article proves that the accumulating bonus systems are completely equal to electronic money by their functions and essence, that is why the sub-account 323 “Electronic money expressed in bonuses” is offered to be used for their accounting. The article proves that the clients need to reserve a part of funds and reflect bonus reserves in accounting in order to ensure payment of bonuses. In order to accumulate information on movement of funds that are reserved by an enterprise for ensuring future expenditures on payment of bonuses and strengthening detailing of accounting of loyalty programmes, the article recommends to open an individual sub-account 479 “Bonus reserve” in the working plan of accounts of trading enterprises, which would allow a better satisfaction of managerial personnel in information on effectiveness of loyalty programmes.

Article is written in Ukrainan


BUSINESS INFORM №11-2013

Maksimovа V. F., Slobodyanik Y. B.
Essence of the State Audit (p. 319 - 323)

The goal of the article lies in analysis of modern approaches to understanding of the essence of the state audit and presentation of definition of its essence. On the basis of systematisation and generalisation of scientific works, analysis of the international practice in the sphere of control of state finances the article justifies the authors’ own understanding of the role and content of the state audit. In the result of the study the article reveals origin and essence of the control and audit terms and proves that they cannot be used as synonyms. Audit and control in the sphere of state finances were compared on the basis of comparison of goals, tasks, organisation of work, responsibility, forms and results of their conduct. Prospect of further studies is the legislative definition and differentiation of the “state control”, “state audit”, “state financial control” and “state internal financial control” notions. Further development of scientifically justified terminology in this sphere would become a basis for development of the concept of creation of the system of control of state finances, which would correspond with high world standards.

Article is written in Ukrainan


Soboliev V. M., Slyunina T. L., Rosit T. V.
Main Problems and Prospects of Audit Development in Ukraine (p. 324 - 328)

The article analyses influence of the world crisis phenomena upon the national economy, shows a significant necessity of using international reporting standards. It justifies a necessity of strengthening financial control, the goal of which is to detect shortcomings in financial reports and recommendations regarding their elimination in order to ensure trustworthiness of reports. It considers main problems of audit activity and identifies necessary measures and ways of their solution. It reveals and justifies possible directions of prospective development of audit in Ukraine with consideration of the process of transition of economic subjects to international standards of financial reporting and marks out a necessity of strengthening the role of the state institutions in further audit development. It analyses the insufficient control over the quality of audit services and statistical material regarding the number and specific features of operation of audit firms and private auditors in Ukraine.

Article is written in Ukrainan


Shelest V. S.
Analytical Provision of Management of Intangible Assets (p. 329 - 334)

The goal of the article lies in the study of the process of conduct of economic analysis of such a complex product of the innovation and information society as objects of intellectual property, which are accepted in business accounting as intangible assets. All-absorbing integration processes in the economy and large-scale propagation of information technologies influence the capital structure. Thus, accepting intangible assets as a driving factor of competitiveness, enterprises prefer namely these assets, reducing the share of tangible assets. Taking this into account the scientists thoroughly studied the issues of economic analysis of intangible assets, since the obtained data are the main source of accounting and analytical information required for making weighted managerial decisions. At the same time, the issues of authenticity, accuracy, efficiency and transparency of the obtained results become topical. In the process of the study the article shows information content of the accounting and analytical data due to introduction of accounting and conduct of economic analysis of intangible assets. The article considers the modern state of the methods of analysis of intangible assets based on opinions of scientists. It characterises economic and legal state of development of licence agreements in Ukraine. It justifies economic expediency of use of such agreements. It forms the ways of making efficient managerial decisions on use of intangible assets in economic activity of subjects of entrepreneurship.

Article is written in Ukrainan


BUSINESS INFORM №12-2013

Khorunzhak N. M.
Organisational Grounds of Development of the Accounting Systems of Budget Institutions under Modern Conditions (p. 269 - 275)

The goal of the article lies in conducting a theoretical and organisational justification of formation of a modernised information system of management of budget institutions oriented at ensuring optimisation of their activity. On the basis of the analysis of existing author’s positions, the article draws a conclusion about expediency of development of the improved structure of this system and identifies authorities of responsible persons in it. The idea of the position lies in achievement of the most complete provision of managers with accounting information on the basis of application of methods and procedures of managerial accounting. In the result of scientific studies, the article forms recommendations on the structure of the information accounting system of a budget institution and delimitation of authorities between accounting personnel in it. On this basis the article gives recommendation clarifications of qualification characteristics and obligations (authorities) of the accounting personnel. Prospectiveness of further studies is connected with the need in formation of methodological grounds of managerial accounting in budget institutions and distribution of application of analytical methods not only when carrying out management of the current activity but also when assessing strategic tasks.

Article is written in Ukrainan


Nikolenko N. V.
Specific Features of Reflection of Information Regarding Lease Operations in the National and International Standards (p. 275 - 279)

The article identifies the degree of correspondence of the national Provisions (Standard) of Business Accounting (PSBA) Lease with the international standard and provides recommendations with respect to their closing up. On the results of the study the author provides specific features of international and national standards – the existing IFRS 17 Lease and national PSBA 14 Lease by the following components: definition of lease, its classification and reflection in accounting. Also the text of PSBA 31 Financial Expenditures is supplemented with provisions on capitalisation of financial expenditures prospectively, which would allow avoidance of correction of the balance of the retained income and provision of comparative information for previous periods. The article provides an algorithm of division of lease for accounting purposes on the basis of international standards. Its use would ensure correctness of reflection of lease operations in accounting and would serve as a basis for development of methodical provisions with respect to accounting. By the result of the study the author forms definition of the qualification asset as an asset which requires considerable time for its creation, preparation for target use, sales or acquisition of the ownership right. Capitalisation of such expenditures would allow non-reduction of the accounting income and also would provide a possibility to reflect financial expenditures in accordance with their economic essence.

Article is written in Ukrainan


BUSINESS INFORM №2-2014

Bezverkhyi K. V.
Reporting in the Theory of Domestic and Foreign Institutionalists (p. 299 - 307)

The article discusses issues of reporting in view of theories of domestic and foreign institutionalists. Study of formation of reporting under conditions of institutional transformations is realised in close connection with production and integration processes, which are peculiar to this specific period of the society historical development. In the result of the study of the said problem the article offers a functional scheme of development of the regulatory and legal framework of reporting and the scheme of regulation of accounting and financial reporting under conditions of institutional environment of Ukraine. By the results of the conducted study the article gives main principles, which have to be adhered to when preparing an integrated report under influence of the institutional environment in Ukraine. The article develops a mechanism of interconnection of reports at an enterprise and formation, on their basis, of integrated reports in the institutional environment. It puts the first stone in the foundation of formation of a new concept of reporting, connected with integration of the accounting and reporting information in the institutional environment.

Article is written in Ukrainan


Rohanova H. O.
Improvement of Classification of Enterprise Circulating Funds (p. 308 - 313)

The goal of the article lies in revelation of possibilities of increase of efficiency of managing enterprise circulating funds by means of improvement of their classification features. Having analysed approaches of many economists to classification of enterprise circulating funds, systemised and supplementing them, the article offers grouping classification features of enterprise circulating funds. In the result of the study the article offers an expanded classification of circulating funds, which clearly shows the role of circulating funds in managing enterprise finance and economy in general. The article supplements and groups classification features of enterprise circulating funds by: the organisation level, functioning character, sources of formation and their cost, and level of management efficiency. The article shows that the provided grouping of classification features of circulating funds allows exerting all-sided and purposeful influence upon indicators of efficiency of circulating funds functioning and facilitates their rational management in general. The prospect of further studies in this direction is identification of the level of attraction of loan resources by production enterprises for financing circulating funds.

Article is written in Ukrainan


BUSINESS INFORM №4-2014

Shalimova N. S.
Audit Quality as the Key Criterion of Assessment of its Effectiveness in the System of Socio-economic Processes (p. 335 - 340)

The article describes approaches to identification of effectiveness of functioning of audit as a system and audit quality as the key criterion of assessment of its effectiveness. It shows that effectiveness of audit activity is a multi-aspect category and the fundamental criterion of identification of expediency of existence of the audit and directions of its development. It proves that each of the effectiveness aspects (for example, efficiency, profitability, effectivity and productivity) reveals only some of its essential sides and of biggest value among them are those that characterise the degree of achievement and correspondence with goals formed both by the external environment and by the system of audit activity itself and the key factor is quality. The article shows that audit is a communication process and one of the key problems of communication is a problem of adequate perception of the transferred information and, consequently, effectiveness of communication. The article shows that the fact of audit itself is not sufficient – its quality with consideration of satisfying customer needs and mechanism of delivering the auditor’s opinion are important. The article forms conceptual approaches to identification of audit quality as the key criterion of assessment of effectiveness of audit activity, which is considered in two aspects: from the position of its essence and identification of the fact whether the services of examination of a specific client are the audit as such and, with consideration of satisfaction of information needs of users, including the society, in establishing the level of objective and authentic financial reports and includes the following elements: quality of the audit process, quality of the formed auditor’s opinion, quality of the intermediary and final audit results and quality of info0rming users about the audit process and results.

Article is written in Ukrainan


Yanchev A. V.
Theoretical and Methodical Grounds of the Accounting Process in Information Economy (p. 341 - 347)

The goal of the article lies in the study of new requirements to quality of information resources of management of institutional units and development of the model of information system of economic subjects, based on mutual connection of management functions, elements of the economic process and information functions – accounting, analysis and forecasting. The article studies works of representatives of domestic and foreign scientific schools in the field of the theory of business accounting, considers specific features of methodology and scientific organisation of accounting in the information economy, systemises approaches to formations of economically expedient information resources, which possess all features of usefulness for making managerial decisions. In the result of the study the article offers a model of the enterprise information system, which takes into account essential characteristics of elements of the accounting process and allows creation of the information basis for integration of various subsystems of accounting, preparation of financial and other documentation for making a wide spectrum of managerial decisions in the system of production, marketing and financial management. The prospect of further studies in this direction is the study of methodological and theoretical aspects of organisation of accounting and its logical structure.

Article is written in Ukrainan


BUSINESS INFORM №5-2014

Khorunzhak N. M.
Problems and Prospects of Internal Control System and Audit Development in the Budget Sphere (p. 322 - 326)

The goal of the article is theoretical justification of expediency of positioning control by hierarchy levels, formulation of relevant goals of its conduct and development of recommendations for ensuring optimal distribution of tasks between control subjects. The basis of the author’s position is formed by essential characteristics and formation of definitions of the “internal control” and “internal audit” terms and also by the management system need in information that allows making decisions about selection of directions of activity and rationalisation of use of available resources. In the result of the study and on the basis of the study of the control goal, established by the current legislation of Ukraine with respect to various subjects, the article holds about expediency of formation of a better hierarchical structure of control. Moreover, the article develops proposals that ensure avoidance of duplication of control functions. Prospects of further scientific studies are connected with absence of a single approach and a necessity of formation of methodological grounds of risk assessment in the course of internal audit. The article offers to consider division of the assessment system by detailing levels (detailed – for internal audit subdivisions and less detailed or selective – for budget institutions) as a basic concept of this assessment.

Article is written in Ukrainan


Kosata I. A.
Specific Features of Assessment and Accounting of Entering Into Account and Retirement of Reserves That Were Obtained Without Indemnity (p. 327 - 331)

The main goal of the article is analysis of the modern state and identification of main problems that are connected with assessment and accounting of reserves that were obtained without indemnity, and their use and reflection in formation of cost value of the sold products. Pursuant to Provisions (Standards) of Business Accounting No. 9 “Reserves”, the initial cost of reserves that were obtained without indemnity is their fair cost, interpretation of which, pursuant to Provisions (Standards) of Business Accounting No. 19 and Clauses 14.1.71 of the Tax Code of Ukraine, gives a possibility of identification of a fair cost only under conditions of a stable market for a specific type of reserve. In the event this market is not available, there is a problem with identification of the fair cost. In this case, application of provisions of business accounting of reserves of budget institutions is interesting from the author’s point of view. According to it: “The initial cost of reserves obtained without indemnity in cases envisaged by legislation from other institutions, legal entities and physical persons – economic subjects, is equal to the balance cost of reserves of the party that provided them”. In most cases this algorithm significantly simplifies the work of the enterprise accountant. The article also describes the procedure of identification of income from retirement of reserves that were obtained without indemnity. It considers the order of determination of income and expenditures of the enterprise pursuant to Provisions (Standards) of Business Accounting and Tax Code of Ukraine, in the result of which it holds that when reserves are re-sold by the cost of entering into account, it should not be included into income again. In the event the cost of selling is higher than the cost of entering into account, the income should include only the positive difference between the cost of selling and cost of entering. In the event reserves were used in the course of production activity and the finished products are sold, the author believes that the cost of reserves that were obtained without indemnity could be deducted from the income with a view of taxation.

Article is written in Ukrainan


BUSINESS INFORM №6-2014

Kovach S. I.
The Concept of Materiality in Accounting and Reporting (p. 284 - 288)

The article highlights the theoretical foundations of the concept of materiality in accounting and reporting, and practical recommendations for its use. In Ukraine, the legal regulation of materiality is performed by the Ministry of Finance, it is one of the subjects of importance. Management of the company, as a subject of materiality, decides on the materiality of accounting information, establishing quantitative or qualitative characteristics of materiality, as a rule, in accounting policies. Objects of importance are the activity of the enterprise as a whole, individual business transactions and accounting entities, the financial statements. Ministry of Finance recommended the quantitative characteristics of materiality by establishing materiality thresholds for the objects of accounting and business operations and of the financial statements. Essence is used exclusively for each enterprise – a business entity with the advice of the Ministry of Finance, but in any case should be guided by professional considerations, without exceeding the maximum size of recommended thresholds of materiality. Lack of a clear methodology for determining materiality, on the one hand, promotes the use of the concept of materiality in specific conditions, on the other – reduces the comparability of financial statements.

Article is written in Ukrainan


Ryadska V. V.
Theoretical Aspects of Professional Responsibility in the Audit (p. 289 - 293)

The paper examined the content and limits of professional responsibility in the audit. In the general sense, responsibility as such has two sides: the ethical and legal. Ethical aspect of the content of ethical responsibility is determined by aspects of social relations in society. Legal responsibility in the audit includes: professional liability, other liability that goes beyond professional responsibility. Professional liability is a consequence of the existence of professional duties. Systematic understanding of professional responsibility in the audit is only possible in the context of the mission of public audit and on the basis of the fundamental categories of auditing practices, such as materiality and audit risk. In order to analyze the content of professional responsibility auditing practice was conditionally divided into two segments. The first segment – a set of auditors' responsibilities to meet the requirements associated with the organizational aspects of the functioning of the market for audit services. The second segment is formed as a result of audit services and associated with the obligations to comply with professional standards and ensuring the quality of work performed. Professional liability has two interdependent and interrelated components: disciplinary and financial responsibility. The main function of disciplinary action is preventive, which is to prevent property liability. Along with this, the liability of performing reflective function associated with subsequent disciplinary responsibility. Taking into account the concept of audit risk reflective function property liability should be limited to cases of losses that are not associated with the causes of violations of professional standards and inadequate quality of audit services.

Article is written in Ukrainan


BUSINESS INFORM №7-2014

Brukhanskyi R. F.
The Strategic Financial Accounting: An Analysis of the Current State and Prospects of Development (p. 220 - 225)

The purpose of the article is to study the current state and prospects of development of the financial accounting system of enterprises towards achieving its strategic orientation, focusing on major strategic imperatives of accounting and analytical support for strategic management. The study formulated proposals for the development of accounting and analytical support for the strategic management of the company by type of strategic management and key strategic imperatives. Development of strategically-oriented accounting system recommended in the context of two directions of development of strategic management: regular strategic management; strategic management in real-time. The prospect for further research is the study of the integrated system of strategic accounting based on the use of accounting engineering tools. The dominant transformations in the field of accounting are the need to expand the information space of financial accounting in the direction of ensuring its strategic orientation. The result of this expansion will increase the number of indicators, which are published in the financial statements of an enterprise or in notes thereto.

Article is written in Ukrainan


Rozheliuk V. M.
Normative and Legal Regulation of Accounting as the Determining Factor of its Organization (p. 225 - 229)

In this paper the theoretical bases of normative and legal regulation of accounting system in Ukraine and in the world were revealed, existing models of accounting and reporting organization were researched according to national circumstances of the business structures and accounting management in accordance with them. A comparison of different countries approaches to the development of accounting standards was made, the components of normative and legal regulation of national accounting system based on international experience were revealed, the essence of accounting regulation was disclosed, its objects and subjects were highlighted. The historical aspects of the legal acts development of normative and legal regulation in the formation of the accounting system were defined, the procedure of normative and legal regulation on domestic laws, standards and guidance materials was disclosed, the global experience of legal regulation of the accounting system with a focus on the needs of different groups of users credentials were generalized and the levels of legal regulation in Ukraine with market leverage on business entities were defined.

Article is written in Ukrainan


Maksimovа V. F.
Prospects for Improving the Accounting System in Budgetary Institutions (p. 230 - 234)

The purpose of the article is to establish ways of solving the problem of the growing requirements of management system for the content, composition and filling of information for decision-making in the budgetary institutions. Ways to improve the organization of workers of accounting services was suggested, including taking into account the introduction of elements or subsystems intraeconomic accounting. The industry-specific budget institutions were taken into account, organizational problems of improving accounting and analytical support for management and ways of their high-quality solutions were considered. As a result of scientific research the possibility of solving the problem of improving the quality of the management information base was proved, which are based on accounting queries of leaders of the specific hierarchical level. It was proposed to form and submit it for approval and coordination with higher authorities the calculations confirming the feasibility of changing the direction of the use of budget funds in the form of business plans. The main ways to achieve mutual coordination and interconnection of accounting subsystems and intraeconomic accounting in budgetary institutions were stated. Prospects for further research to improve the information base for management decision-making in the budgetary institutions are related to the need to establish the real needs and demands of the leaders of the various hierarchical levels. Also it is necessary to develop ways to improve the organization of workers of accounting services, including taking into account the maximum use of capacity of computers and achieve this by improving the level of service management processes and improving performance of public institutions in general.

Article is written in Ukrainan


Lukin V. О., Moskalenko O. V.
Systematic Approach to the Study of Accounting Problems (p. 235 - 240)

The aim of the article is to consider a systematic approach to the study of accounting problems. The article discusses and critically analyzes different approaches to the definition of "accounting system." The conclusion is that the system should be considered from the perspective of the science and practice of accounting systems that can more clearly identify the subsystem in its composition. The selection of the three levels of the hierarchy in the tested system was justified, where, except for the accounting system that exists at the level of individual state (national accounting system), can be considered the accounting system at the international level and at the enterprise level. Possible approaches to the study of accounting problems, such as institutional, linguistic, communication and so on. This revealed that among all these approaches, there is no contradiction, they complement each other and provide an opportunity to better understand the general object of study – the accounting system on a particular stage of its development in a particular state, representing its subsystems. The main condition for the effective use of the above approaches is compliance with the selected object of the study definition of "system".

Article is written in Russian


BUSINESS INFORM №8-2014

Kosova T. D., Anhelina I. A.
Information Support of Financial Control Based on International Accounting Standards for the State Sector (p. 218 - 222)

The requirements for accounting and reporting on the implementation of budgets in accordance with the two approaches were summarized: the statistical bases of financial reporting within the System of National Accounts and financial statements based on international accounting standards in the public sector. Their similarities and differences were disclosed. The composition and requirements for disclosure of financial information on the overall public sector were defined, as well as the presentation of the consolidated financial statements of the governments at various levels, recognition of revenues from non-exchange transactions and presentation of information about the implementation of the budget in the financial statements. A critical assessment of the implementation of international accounting standards for the public sector in Ukraine was given, which is the formation of financial reports on the implementation of a state budget. The directions of the further implementation of international standards were grounded: dissemination of lessons learned on local budgets, the expansion of financial reporting on the implementation of the budget as quantitatively (due to disclosure of accounting policies and notes to the financial statements) and qualitatively (by providing not only actual but also target indices, as well as calculating deviations). To improve information security analysis and control of formation and use of the budget it was proposed to initiate the formation of the consolidated financial statements of governments, local authorities and entities under their control.

Article is written in Ukrainan


Ilchak O. V.
Accounting Aspects of Land Relations within the Integration Process (p. 223 - 228)

The article investigates the accounting of transactions with land for agricultural purposes in the context of economic globalization and integration processes in Ukraine. The basic premises for display of land in accounting were defined. The analysis of the views and proposals of contemporary domestic and foreign scholars on accounting recognition and measurement of land was conducted. A review of laws and regulations governing the registration of land plots was carried out. Considerable attention was paid to the registration of land plots used for modern high-tech agriculture, particularly organic. The data of organizations that carry out the regulation of land relations and their accounting reflection was provided. The features of accounting for leased land in agriculture were shown. The findings summarized the material described and noted the impact of innovative technologies in agriculture, the accounting of land relations within the integration processes.

Article is written in Ukrainan


BUSINESS INFORM №9-2014

Poddubna N. M.
Theoretical Aspects of Formation of the Accounting Policy of the Retail Trade Enterprise of the Consumers Cooperative Society (p. 230 - 234)

With respect to the extensive transformation processes in economy and accounting at the present stage, as well as attempts to get closer to international standards and the business environments, the necessity is developed to build effective and efficient accounting system, namely: the formation and implementation of a scientifically and practically sound accounting policy. In the article the substance of the accounting policy, administrative documents, with aim to control the accounting policy within the enterprise, as well as the legal acts regulating its formation and implementation in the modern business entities were examined. Features of the retail trade enterprises of the consumers cooperative society were studied and, accordingly, steps that should be highlighted when building the accounting policies and during the critical treatment of documents that use enterprise data for the regulation of its accounting policies were proposed. The structure of the present document, which would be the most appropriate to the circumstances of the economic entities in question, is offered. It was concluded, that the accounting policy is an important tool of the accounting organization and that a formal approach to its formation will be inappropriate. The proposed regulations may be useful not only for the retail traders of the consumer cooperation, but for the other economic entities as well, which have the same organizational structure and include the separate structural divisions.

Article is written in Ukrainan


BUSINESS INFORM №10-2014

Reta M. V.
The Formation and Development of the Accounting Paradigm (p. 287 - 293)

The article aimes to study the methodological bases of formation of the accounting information as a basis for making the strategic management decisions. In the article the development of modern accounting concepts in view of the globalization processes demands and directed towards enhancing of the analytical, objective and transparent accounting information were reviewed and critically analyzed. It was found that the modern development of the accounting system had intrinsic contradictions that make it impossible at the present stage to form an unified theoretical basis. It was proven that the managerial concepts determine the information requirements of the modern accounting system and therefore the development of the accounting paradigm should be aimed at increasing of its support of the development and implementation of the business strategy of the enterprise. The dominant feature of the transformations in the field of accounting is defined as the necessity to expand the informational space of accounting in the direction of ensuring its strategic orientation.

Article is written in Ukrainan


Kalinkin D. V.
Theoretical Bases of Organizing of the Internal Audit in the Budgetary Institutions (p. 293 - 298)

The article is aimed at disclosure of the theoretical bases of the internal audit in the budgetary institutions. Approaches to the definition of the term «organizing» were analyzed and the author's own vision of the concept «organizing of the internal audit» was presented, allowing to consider the organizing of the internal audit as a part of the higher order system - the State financial control system of Ukraine. The elements of the organizing system of the internal audit in the budgetary institutions were reviewed, which are: subjects and objects, purposes and principles, levels and stages, as well as ensuring of organizing of the internal audit. The scheme of organizing of the internal audit on the basis of systematic approach was proposed in which three phases were allocated: internal audit planning; implementation of control measures in the framework of the internal audit in the budgetary institutions and summarizing of the control activities' results in the framework of the internal audit. In addition, peculiarities and directions of adaptation of the foreign experience as to the internal audit in the budgetary institutions towards the national environment were analyzed.

Article is written in Ukrainan


Pigosh V. A.
Formation of Conception of the Accounting System, Oriented to Optimize Revenues and Expenditures in the State Higher Education Establishments (p. 299 - 305)

This work is aimed at the feasibility of developing the concept of the accounting system, directed at optimization of the revenues and expenditures in the State higher education establishments. In the article the organizational and methodological provisions of the management accounting in the State higher education establishments were improved by developing of: the circuit of functional interaction between the structural units within a subsystem of management accounting, recommendations for the cost optimization and (within the framework and with purpose of the implementation) the related internal accounting documents. This ensured the enhancement of efficiency of the accounting and analytical support in general, and the cost management in the State higher education establishments in particular. The established conception of the accounting system, focused on optimization of revenues (expenditures), first and foremost, requires the solution of organizational issues, which include the development of forms of the accounting information media. Given the materiality of certain objects of expenditure for the provision of services in the field of higher education, attention has been focused on them, and because of that the proposed documents for the accounting subsystem of the management accounting were designed and implemented, concerning the formation of the information segments required in deciding to reduce the costs of inventory, salaries, accruals and work travels.

Article is written in Ukrainan


Usatenko O. V.
Venture Activity in the System of Objects of Accounting and Economic Analysis (p. 306 - 311)

The purpose of the article is to identify specific objects of accounting and to analyze the venture business entities. As the result of the study the approaches of scientists to the system and objects of accounting were reviewed and summarized. A principal scheme of the modern venture capital industry was developed, indicating the specificity and mechanisms that will help to identify specific objects of accounting and analysis and to implement in full the accounting functions. The object of accounting and analysis of venture activity by the subjects was selected. Such classification of objects of accounting of venture activities will ensure: timely reflection of complete information in the accounts on receipt of funds, retirement and asset evaluation of venture activities subjects; reflection of the costs associated with the activity of the venture activities subjects; definition of the financial performance of the venture activities subjects; information for reporting on the activities of the venture activities subjects; information for the economic analysis of venture activity. The prospect of further research for accounting for these specific objects is to develop an appropriate methodology that will further require the improvement of the enterprise financial statements.

Article is written in Ukrainan


Gurieva I. M.
Economic and Accounting Substance of the Non-Current Tangible Assets (p. 312 - 317)

The article is aimed at studying of the identification criteria of the non-current (long term) tangible assets of the budgetary institutions on the basis of analysis of the active legislation and the scientific views of the domestic and foreign scientists, in view of the historical aspects of formation of content of such accounting objects. The study revealed the formal definition and content of the accounting objects, characterized by the belonging to an enterprise (institution), the long-term use (over one year), the use for the enterprise activity and promising the economic and other benefits in the future, the possibility of the reliable evaluation and depreciation. The prospect of further research in this area is to define the specific classification signs of the non-current (long term) tangible assets for ensuring the organization of accounting in accordance with the requirements of the users, as well as the improvement of the arrangements for evaluation of such assets with a view to the efficient use of the material and technical base of the budgetary institutions and presentation of their real status, specially in value terms.

Article is written in Ukrainan


BUSINESS INFORM №11-2014

Driha O. P.
Securitization: an Analysis of the Notion and Substance in the Context of Accounting (p. 216 - 220)

The article is aimed at studying and systematization of the currently existent definitions of «securitization of assets». Feasibility of implementing the theoretical and methodological substantiation of application of assets securitization in Ukraine, taking into account foreign experience, was reasoned. Stages and directions of assets securitization are provided. Absence of an universally accepted definition of securitization was determined, which justifies the absence of a common methodological base for registration of securitization transactions. Designing and promulgation of a separate law on securitization of assets, while making changes in a number of existing laws on securities and financial market, as well as creating of a positive climate for investors and lenders in financing the economic development in our country, was proposed.

Article is written in Ukrainan


Мykhal’s’ka V. V.
Method of Record Keeping to Ensure Expenditures on Resumption of Usefulness of the Horticultural Long-Term Biological Assets (p. 221 - 227)

The article is aimed at a critical evaluation of the actual state and providing of suggestions for areas of improvement of record keeping to ensure expenditures on resumption of usefulness of the horticultural long-term biological assets in connection with self-supporting enterprises, as well as budgetary institutions. During the research process, feasibility of forming a reserve to ensure expenditures on resumption of usefulness of the horticultural long-term biological assets and allocation of information about its status and also floating from other funds for covering the future expenditures was proved. Therefore was suggested to use in practice the method of calculation of the reserve funds' amount, which is based on a list of planned economic operations, necessary for the resumption of usefulness as a complex of material and labor expenditures. With the aim of documenting the above methodology a form of calculation of deductions to the reserve was proposed, to ensure the operational efficiency of the planning and economic department; simplification of procedure for calculating the funds' amount needed to ensure expenditures on resumption of usefulness of the horticultural long-term biological assets; receiving of information about the funds' amount needed for conducting of certain measures for a variety of fruit and berry cultures, also with regard to the months of year, and the total amount of reserve funds. In addition, sub-accounts of the analytical record keeping to reflect the information as to state and floating of reserve funds, as well as the unused amounts at the end of the reporting period for both the self-supporting enterprises, and for budgetary institutions, taking into account the approved plans of accounts, were proposed. As a consequence, in order to implement the above proposals in the practice of the studied enterprises, applying changes to «covering» section of the orders on their record keeping policy was proposed.

Article is written in Ukrainan


Biliar A. I.
Suitability of Financial Reporting of Agricultural Enterprises for Property Management Requirements (p. 227 - 232)

The article is aimed at studying of the laws and regulations determining the standards for preparation and filing of reporting documents by large, medium-sized, and small agricultural enterprises of legal forms of economic management, as well as elaboration of a property-based classification for the purposes of managerial decision-making. The methodological and methodical principles of disclosure of information on the assets of agricultural holdings were analyzed. Relevance of the elaborated approach to formation of financial information on the balance sheet meeting the property management requirements was substantiated. Evidence-based data were used to illustrate the disclosure of such property units as biological assets, fixed assets and intangible assets in the accounting and financial reporting by Ukrainian agricultural holdings, medium-sized and small agricultural enterprises, as well as farm businesses. A classification was proposed for sources of forming economic means based on proprietor types for the purposes of managerial decision-making.

Article is written in English


Makurin A. A.
Problems of the Accounting of Economic Operations in the Context of European Integration of Ukraine (p. 233 - 237)

In the article problems of the accounting of economic operations in the context of the European integration of Ukraine are considered. Use of international standards in the domestic enterprises is analyzed. The analysis showed that the accounting should be corrected and modifications should be made in order to conform with international standards. Modifications in accounting would bring along changes in the formation and training of qualified accounting professionals. The transition of the Ukrainian accounting to international standards should be an important element of the integration of Ukrainian economy into the European and world economy. The problem of social responsibility towards the society in the context of accounting is, that in the developed countries of Europe the results of enterprise activity aim to support and benefit the territorial community. But in Ukraine, certain segments of the population are situated outside the equitable distribution, and there is no mention of real social partnership between business and society. The problem of determining the fair value of enterprises and their financial statements was analyzed. Assessment of the fair value is a tool for increasing the capitalization of enterprise, as it allows to significantly raise the value of the assets, and therefore the value of the owner capital. In the context of the accounting, attention is drawn to issues of moral damage to business owners from the financial fraud of the hired managers, resulting in undue overstatement of income.

Article is written in Ukrainan


BUSINESS INFORM №12-2014

Gliebova N. V.
Formation of Information Support for the Bank's Foreign Currency Transactions in the System of Accounting and Auditing (p. 370 - 377)

The article is written with the aim to disclose important aspects of formation the technology of accounting and auditing for the bank's foreign currency transactions, to elaborate viable practical solutions to improve the efficiency of the accounting procedures for competent managerial decision-making and to help in minimizing the bank risks. The object of the study is the accounting work of banks in regard to foreign currency transactions. The subject of the study is methodology and organization of accounting of currency transactions. The article explores the methods for accounting treatment of foreign currency transactions, regulatory documents regulating the currency exchange transactions, discloses the peculiarities of their accounting treatment, guidelines for auditing of currency transactions. The factors, that define the contents and conditions of organizing the process of internal audit of foreign currency transactions have been identified as: organizational, informational and methodical. The theoretical and practical aspects of formation of system for accounting and auditing of bank transactions with foreign currency have been summarized. The estimation of the currently applied methods for accounting of foreign currency transactions has been made and practical recommendations for its improvement have been elaborated.

Article is written in Ukrainan


Makhota A. V.
Technology of Accounting Treatment of Revenues of Private Companies from Financial Investments (p. 377 - 382)

In the article the economic nature of the operations for financial investment by private enterprises is defined, their specific features are systematized, on the basis of the study of current state of financial investment in Ukraine is determined, that domestic investors prefer long-term financial investment through participation in the capital of other companies and granting of long-term loans secured by value documents. The accounting definition of incomes from financial investments is clarified. The features of definition and criteria for the recognition of private enterprise incomes from financial investments are outlined, their belongment to the group of financial incomes is defined, the method of their accounting evaluation is determined, the accounting records of the afore-mentioned group intended for accounting treatment are presented, and the order of disclosure of accounting information on income from financial investments in the financial reporting of private investors is covered. According to the results of the study, recommendations to improve the analytical content of the Report on financial results (Report of comprehensive income), in the section of accounting treatment of income from financial investments, are offered.

Article is written in Ukrainan


Vasylisnyn S. I., Tredit V. Y.
Ways to Improve Depreciation Accounting of Basic Assets of Agricultural Enterprises (p. 383 - 388)

Organization, regulation and discussion aspects of depreciation accounting of basic assets of agricultural enterprises were analyzed and directions for its improvement were proposed. Dynamics of growth rate of depreciation of basic assets in the agriculture sector in 2009-2013 was explored. A comparison of national and international standards for accounting of basic assets and their depreciation was carried out, their classification according to the current tax code was disclosed. A critical analysis of scientific papers by domestic scientists as to depreciation accounting was conducted and attention was focused on its controversial aspects. Impossibility of full reproduction of basic assets under the current cost approach to the depreciation accounting was specified, arguments for the necessity of recording of the sinking fund assets were adduced. Existing approaches were analyzed and the own version of accumulation of the sinking fund assets on a separate sub-account, which can be filled from such sources as proceeds of sold products, performed works and services rendered to customers and employers, was proposed. Practical use of the proposed directions to improvement of accounting will provide new managerial decisions directed towards the reproduction of basic assets.

Article is written in Ukrainan


BUSINESS INFORM №1-2015

Korol K. V.
Responsibility Centers: Concept, Approaches to Identifying the Liable Entities (p. 279 - 284)

The article is aimed to search for approaches to the development of methodological bases for organization of recording in terms of responsibility centers. To achieve this aim, solving of the following tasks is predetermined: studying the sense bearing features of the concept «responsibility center»; allocation of approaches to identify the liable entities for organization of recording in terms of responsibility centers. On results of the study is proposed a definition of responsibility center as an element of the organizational structure of enterprise (section, division, unit), or a part thereof, which is headed by a manager (director) with the authority on use of resources to support the activities of such center and responsibility for the formation of indicators and results of its activities. This will allow, in organization of recording in terms of responsibility centers, to focus on specific liable entities, which provide management at the local level. Allocation of the centralized, decentralized and integrated approaches to identifying the liable entities helps to provide more efficient recording in terms of responsibility centers. Thus, choice of approaches to its development is made easier at all levels of management: at the local – with consideration of activity specifics of particular responsibility centers, at the meso-level – tasks in terms of individual activities or changing them are more completely considered, at the highest level of management – choice of approaches to development of recording in terms of responsibility centers is made easier, when changing the tactical goals of the enterprise's activity.

Article is written in Ukrainan


BUSINESS INFORM №2-2015

Usatenko O. V.
Method of Accounting while Obtaining Venture Financing (p. 184 - 190)

The article is aimed to determine the accounting aspect of forms of venture financing, formulate factors of influence on the accounting system at the level of venture enterprise and identify the analytical accounting objects that arise while obtaining the financing. The study resulted in presenting a mechanism of venturing, also the accounting aspect of venture financing has been determined, that is forms of venture financing, which are objects of accounting while obtaining the financing by enterprise. Factors of influence on the system of accounting at the level of venture enterprise have been formulated, the analytical accounting objects that appear while obtaining the venture financing have been provided with specifying the directions for accounting. Accounting record-keeping in the proposed directions of analytical accounting will improve the quality of the information received and will provide: detailed information on the sources of venture financing and economic means that appear as a result of received financing; effectively managing economic means; conducting the analysis of venture financing; generating reliable information on the status of the venture financing for internal and external users of accounting information; monitoring the venture financing.

Article is written in Ukrainan


BUSINESS INFORM №3-2015

Belova I. M.
Establishing Managerial Accounting for Plant Production in Terms of Requirements of IFRS, Accounting Provisions (Standards) 30 «Biological Assets», and Sectoral Management (p. 184 - 191)

In the article conceptual approaches to organization of accounting-analytical ensuring for plant production are elaborated, which provide for measures of regulatory, methodological and organizational nature. Implementation of the proposed approaches will secure establishing an integral system of managerial record keeping and analysis at the agricultural enterprises, taking into consideration the sectoral features of their functioning, will improve economic performance as well as credibility and transparency of accounting information for implementing the agrarian policy in the State. Structure, goals and consistency of development, intended for sectoral standard, have been proposed. As the standard's aim has been determined the formation of unified for agricultural sector, organizational and methodical approaches to organization of managerial record keeping, allocation of the corresponding responsibilities and obligations for its maintenance, compiling the primary documentation, preparation and presentation of accounts to meet the information needs in the process of managing the expenditures and prime cost of the plant production. At the present time there isn't a single organizational form in the plant production sector, which would combine into one system goals, tasks and methods for information support of the management. At the agricultural enterprises, these functions are performed by various structural divisions of administration, where they in most cases are not in accord with each other. Accordingly, proposals as to structure and organization of managerial accounting has been given.

Article is written in Ukrainan


Nikolenko N. V.
Methodological Principles of Generating the Accounting Information on Rental Operations (p. 192 - 197)

Relevance of the issue of improving the methodological bases of generating the accounting information on rental operations on the basis of implementing in the practical activities of business entities the new accounting models, for their clear structuring and formation of modern methodological tools that will meet the needs of the management, has been proven. It has been proposed to estimate the residual value of the right to use the main asset and the model of calculating the rental charges depending on the classification of rental operations, based on application of the criterion of «purchase and consumption by the tenant during the rental period more than a trivial part of the rented asset». An algorithm for division of a rent for accounting purposes has been presented. Its use will ensure the correct reflection of the rental activities in accounting and facilitate the evaluation of the accommodation right related to the asset. It has been proposed to use financial renting only for the operations, which are intended for automatically receiving into ownership rented assets, when the required conditions in the rental contract are indicated, at the beginning of its validity.

Article is written in Ukrainan


Tkach I. V.
Reporting on the Capital Investments of Energy Supplying Companies (p. 197 - 203)

The article is aimed at substantiation of methodical bases of accounting provision for the capital investments of energy supplying companies. During the study has been suggested to amend the description of line 1005 of the Balance (Statement of financial position) f. No.1 and in the title of Section III «Capital investments» from the Notes to the annual financial statements f. No.5, which will reflect in the financial reporting information on capital investment, based on the economic nature of the entity. An algorithm for completing financial statements as to capital investments, including the Section III «Capital investments» from the Notes to the annual financial statements, has been described. Statistical reporting for capital investments presently contains the «misguiding sea-lights», which distort the data of statistical observations related to capital investments. In the article a new approach to the collection of statistical data on sources for financing the capital investments has been substantiated. Also sectoral reporting on the capital investments of energy supplying companies, in particular the Report on implementation of investment program, has been studied. Establishing the synthetic and analytical accounting of the capital investment of energy supplying companies in terms of investment program, which will provide for the managerial needs of energy supplying companies in accounting and analytical information to complete the Report on implementation of investment program, has been proposed.

Article is written in Ukrainan


BUSINESS INFORM №4-2015

Krutova A. S.
Accounting Policy as a Tool for Information Support in Insurance Companies (p. 214 - 218)

Features of establishing an accounting policy in insurance companies in terms of domestic and international accounting legislation are considered. A regulatory failure in addressing the involved issues by the key objects for the insurer has been identified. A list of specific objects of accounting, which belong to entities of the insurance sector and must be specified in the Order on accounting policy of the insurer in terms of international financial reporting standards (IFRS), has been defined and described. The key tasks of accounting policy that will allow to provide all users with the necessary information for the decision-making has been summarized. Prospect of further research in this area will be elaborating of recommendations at the legislation level as to the issues of development of accounting policy on the part of insurer.

Article is written in Ukrainan


Nazarova K. O.
Prospects for Implementation of Results of the Synergy between Internal and External Audit (p. 219 - 224)

The article is aimed to determine the economic and social prospects of implementation of results of the synergy between internal and external audit. The present stage of development of audit is characterized, on the one hand, by its social responsibility, and on the other – by its diversity (first of all, by the rapid development of internal audit). Since the functioning of the internal and external audit over the last decade has shown the presence of not only the positive, but largely negative features as well, requests from users of audit results as to maximum harmonization, synergy between internal and external audit have increased. In consequence, it is necessary to determine what results can be expected from the indicated interaction, and what would be the prospects of their implementation. Implementation of the results of internal and external audit synergy occurs in three main forms: increasing guarantees, risk reduction, makes possible to obtain an additional (synergistic) effect. In particular, guarantees of efficiency of enterprise's financial-economic activity and continuity of its activities in the foreseeable future can be increased. Thus, there is a growing confidence of users in the reliability of financial reporting and its real compliance with the actions that the enterprise has implemented; the activity risks will be significantly reduced.

Article is written in Russian


BUSINESS INFORM №5-2015

Filippova S. V., Varchuk O. А., Krysenko A. V.
Innovation Costs of Industrial Enterprises: Issues of Accounting Treatment (p. 215 - 220)

The article is aimed to study the innovation costs of industrial enterprises and their accounting treatment. An interpretation of the concept of «innovation costs» by various scientists-economists and the author's own view on this definition are presented. The current legislative and regulatory framework and scientific sources concerning the accounting treatment of innovation costs of industrial enterprises have been analyzed. The conducted analysis has identified the main issues in the current system for innovation costs accounting; four basic approaches to innovation costs accounting has been allocated; aspects to be taken into consideration when building an effective system for innovation costs accounting have been determined. For the future is planned to explore the innovation costs management methods of industrial enterprises and the peculiarities of building the internal information database based on systems for both management and bookkeeping accounting.

Article is written in Ukrainan


BUSINESS INFORM №7-2015

Kharlamova O. V.
Principles of Accounting and Financial Reporting According to IFRS: Issues of Terminological Formalization (p. 218 - 222)

The article is aimed at systematizing and critical analysis of approaches to definition of the terms of «principles of accounting» and «principles of financial reporting», substantiating the need for their distinction and existence of subordinate relationship between them, as well as providing the terminological formalization. The general scientific as well as specific accounting approaches to the definition of principles of both accounting and financial reporting have been analyzed. Clear scientific trends regarding the delineation of the principles of accounting and principles of financial reporting have been identified. According to the results of the study, the distinction of principles of both financial reporting and accounting is taken further, not in the terms of individual classification groups, but as a hierarchical system in which the principles of financial reporting are determinate and the principles of accounting are derived from them and are subordinate to them. It is proved that the principle of accounting, not being in the subordinate relationship with principle of financial reporting, is not inherently a principle and can be considered as a suggestion, rule, requirement etc. A critical analysis of existing terminological constructions and explications of principles of both accounting and financial reporting has been conducted, making possible to state the lack of unity in the interpretation of the principles of accounting (financial reporting). Understanding of principles of both accounting and financial reporting as a hierarchical totality of the subordinate unconditional restrictions, placed over the arrays of accounting and reporting information, creating unconditional benchmarks in recognition, evaluation, presentation and information disclosure in the financial statements, has been proposed.

Article is written in Ukrainan


Nazarova K. O.
Conceptual Issues of Methodological Support for Synthesis and Implementation of Synergies between the Internal and the External Audit (p. 223 - 228)

The article is aimed to highlight some of the conceptual issues of methodological support for synthesis and implementation of synergies between the internal and the external audit. The content and features of methodological support in terms of synergy of two types of audit, when users of information receive data about the presence (or absence) of additional, or the synergetic effect, is disclosed. The emphasis in the article focuses on identifying and assessing for needs of synergy between the internal and the external audit of such economic categories, as «related persons» and «continuity of the enterprise's activity». Explorations were made concerning the possible next steps after receiving and understanding information on results of audit. Bearing in mind, that implementation of results of synergy between the internal and the external audit occurs in two main directions – improving guarantees and reducing the number of risks – ways to reduce the indicated risks and to improve guarantees were studied. Regulations of the International Federation of Accountants, which define how the referred conceptual issues are regulated by the international standards on auditing, were examined and the changes in them were clearly specified. The main manifestations of implementation of synergy between the internal and the external audit were disclosed.

Article is written in Ukrainan


Luchko M. R., Pylypchuk N. M.
Quality Control of Internal Audit of Enterprises in Terms of Eurointegration Processes (p. 229 - 234)

In the context of globalization and integration into the world economic space, deepening of market reforms and overcoming the consequences of the financial-economic crisis, the Ukrainian economy development requires improving the quality of information and analytical support to enterprises, which reinforces the importance of effective internal auditing to improve the reliability of its results in economic activities. To this end, the article discusses the theoretic-methodological fundamentals of system for quality control of audit services through the prism of: strategic and tactical aspects of the general quality control of internal audit; issues of evaluating the quality in application of professional standards; tasks of monitoring (control) the internal audit procedures and measures aimed at its implementation; performance indicators for internal audit; organizational aspects of the preparatory process and the adoption of auditing decisions; proposals to support the system for quality control of internal audit at the appropriate level.

Article is written in Ukrainan


BUSINESS INFORM №8-2015

Kharlamova O. V.
Architectonics of the Notes to IFRS-Reporting (p. 188 - 193)

The article is aimed at argumentation of the thesis that architectonics of the Notes to financial IFRS-Reporting should be based on a logical construction of «objective to subjective». Requirements to information disclosure have been systematized and a hierarchical model of architectonics of the Notes to financial IFRS-reporting has been developed. According to results of the study, expedience of the use of the referred logical construction has been substantiated, taking into account the level of informational risk for users. It has been proposed to classify all accounting decisions either as non-alternative, or alternative, or independent; their relationship with the level of informational risk for users, which consists in making erroneous decisions based on the financial reporting data, has been disclosed. The developed hierarchical model of architectonics of the Notes to financial IFRS-Reporting includes seven components ranked by the levels of objectivity of accounting solutions (professional judgment) as well as informational risk, is based solely on the systematic and organized by the author IFRS-requirements and does not entail an additional workload on preparers of IFRS-reports. The practical application of the proposed hierarchical model will contribute to the unification of IFRS-reporting, improving its comparability and quality, perfectioning the methodological tools for training purposes.

Article is written in Ukrainan


Gurina N. V.
Formation of Accounting Policy of Enterprise on the Expenditure and Revenue (p. 194 - 199)

The article is aimed to define the features of formation of the document on accounting policy, which determines organization of an accounting-analytical system and includes the issue of managerial accounting of enterprise, given the nature of its activities. It has been proven that small (and in some cases medium-size, too) enterprises need to establish accounting policy on the base of an order by director or a disposal by the owner. As for large enterprises, it has been suggested to use the elaborated «Regulation on accounting policy, organization of both accounting and analysis» together with selection of the document defining the organization of managerial accounting – «Regulation on internal (managerial) accounting». With a view to providing full, reliable and timely information for management needs as well as optimizing the process of preparing a document on accounting policy, the author has proposed that its formation is carried out through the following phases: organizational-technical, methodological and summarizing. This will ensure a uniform approach to organization and methodology for accounting of expenditure and revenue, providing the timely, accurate and complete information about them to the staff on all levels and to make effective management decisions.

Article is written in Ukrainan


Grytsyshen D. O.
Development of a Mechanism for the Identification and Recognition of Waste in Accounting (p. 199 - 207)

The article is aimed at substantiation and elaboration of a new mechanism for the identification and recognition of waste in accounting, which could take into account their economic and physical properties, thus allowing to create an information field for control over the economic-ecological security of industrial enterprises. Usage of interdisciplinary methods of knowledge (analysis and synthesis, grouping and theoretical generalization) made it possible to determine the place of waste in the system of economic management of industrial enterprises and identify their individual kinds in terms of business processes, as well as to determine their place in the inter-household processes in the context of the relationship industrial enterprise – company-recycler / utilizer. Method of modeling was used to develop a mechanism for identifying and recognizing of waste in accounting as part of the management of economic-environmental security. The mechanism for identification and recognition of waste in accounting is the basis for generating information on the influence of enterprise on the environment and its economic impacts as a constituent part of the economic-environmental security. A scientific novelty lies therein that the proposed mechanism for identification and recognition of waste of industrial enterprises takes into account their both economic and physical properties, all this allows to manage the economic-environmental consequences of the economic activity of industrial enterprises.

Article is written in Ukrainan


BUSINESS INFORM №9-2015

Avhustоva O. O.
Problematic Issues of Organization of Management Accounting at the Fish Processing Enterprises (p. 261 - 265)

The article is aimed at the issues of organization of management accounting at the fish processing enterprises, as it will assist in creating an effective information base of costs to meet the domestic needs of the users within the enterprise, engaged in fish processing. According to the results of the study, the basic stages of establishing management accounting at the fish processing enterprise have been substantiated. The initial stage of introduction of management accounting is a science-based definition of responsibility centers. Therefore, the author has offered his own list of cost centers for fish processing enterprises. Another important step in establishing the management accounting is development of methodological bases for the accounting unit in the system: choice of an accounting model, systems of internal accounts, primary documentation. Accounting models for fish processing enterprises have been identified and the main classification groups of the internal accounting for fish processing enterprises have been indicated.

Article is written in Ukrainan


Kharlamova O. V.
Options for Organizing the Process of Transition to Preparation of the IFRS Reporting (p. 266 - 270)

The article is aimed at systematization of frameworks, identifying opportunities and threats in the use of insourcing, outsourcing and co-sourcing as options for organizing the process of transition to preparation of IFRS reporting and choosing the most optimal among them. Definition of insourcing, outsourcing and co-sourcing has been formulated, their advantages and disadvantages have been systematized, opportunities and risks that accompany their use have been disclosed. Criteria for assessing insourcing, outsourcing and co-sourcing in terms of their impact on organizing the process of transition to preparation of IFRS reporting have been elaborated. An authorial expert assessment of the criteria identified has been carried out according to the 3-point scale that reflects the risks, disadvantages, advantages and possibilities of insourcing, outsourcing and co-sourcing for companies. It has been substantiated that insourcing is a clear «leader» concerning the promptness of decision-making, flexibility of the transformation process, responsibility of workers and preservation of confidential information. It has been proven that co-sourcing creates more opportunities for the company's employees involved in the process of transition to preparation of the IFRS reporting, provides high quality of financial reporting, while outsourcing is accompanied by significant risks. It has been substantiated that co-sourcing, i.e. cooperative effort of the company's internal staff and the involved professionals, is the best option for organizing the transition to preparation of the IFRS reporting.

Article is written in Ukrainan


Semeniuk L. V.
Accounting and Cost Analysis in the Product Management System for Catering Enterprises (p. 271 - 276)

The article is aimed to examine the possibility of applying in the catering enterprises the advanced methods for product cost accounting that will improve information and meet the information needs of the contemporary management. Analyzing the works by scientists conducting research in this area, advantages and disadvantages of applying in the catering enterprises accounting methods of direct-cost, standard-cost, and ABC have been identified. A combination, at different stages of management, of methods for accounting of product cost in the catering enterprises has been proposed. The article substantiates the use of: direct-cost method for product cost accounting in the variable costs, allowing the enterprise to exercise operational control over marginality of products, compare the product cost in terms of a network of enterprises; standard-cost method for accounting of target calculations and determining the product cost deviations from the target indicators that were set at the time of product launch; ABC-method at the stage of making changes in the menu, in order to determine the effectiveness of the dish as a whole, determining the most costly activities, decision-making on possible methods of cost optimization or withdrawal of a product from the market. Prospect of further research in this area is finding ways to automate the proposed combination of cost accounting methods on the basis of the accounting-analytical systems for catering enterprises.

Article is written in Ukrainan


BUSINESS INFORM №10-2015

Pashkevych M. S., Makurin A. A.
Substantiation of Types of Basic Assets for the Accounting and Analytical Support of Their Transfer between Enterprises within an Integrated Coal Production Association (p. 304 - 309)

A substantiation of types of basic assets for the accounting and analytical support of their transfer between enterprises within an integrated coal production association has been presented. Imperfection of the documentary support for these operations leads to opacity of accounting, with distortion of book-keeping accounting at enterprises. The process of transferring basic assets, which had provided formation of their classification for enterprises that deliver and receive basic assets, has been analyzed. In the process of transfer of basic assets between enterprises, which belong to a coal production association, has been suggested to distinguish between the balance, transferred and re-received basic assets; basic assets with high, medium and low wear and tear; basic assets, the cost of which does include or does not include transportation costs. The documentary support of the transfer of basic assets from one enterprise to another, within an integrated coal production association, in future requires development of analytic registers, which will be composed in the context of the proposed classification of basic assets. This will secure their users with a more objective reflection of the costs for basic assets and a higher information value of the financial reporting of enterprise as well as the integrated coal production association in general.

Article is written in Ukrainan


BUSINESS INFORM №11-2015

Balan O. S., Arabadzhy O. V.
Valuation of Intangible Assets (IA) of Investment Project on Production of Biofuel (p. 277 - 281)

The aim of this paper is to study the methods for estimating intangible assets (IA) of investment project on production of biofuel and to identify the impact of characteristics of biofuels production on IA. The topical problem of contemporary accounting is the ability to reliably display information about intangible assets for financial and other forms of reporting. Such reliability can be provided through the process of determining the real scientifically substantiated value of the object of intangible assets, i.e. valuation. It should be noted that valuation of the object of intangible assets, created by the enterprise by its own means, such as biofuel production technology, appears to be problematic. Non-compliance in the matters of organization, accounting and valuation of intangible assets has a significant impact on the accuracy of the information on the general status of assets, which is published by economic entities. Compatibility with international standards increasingly causes influence on the theory and practice of accounting in general and intangible assets, in particular. Certainly, in these matters, the existing foreign experience should be taken into consideration, which should go along with the focus on domestic realities, as well as with maximum approaching the theoretical achievements of current practices. The article discusses the parameters for valuation of intangible assets and proposes a comparative characteristic of approaches to valuation of intangible assets, which can be of use for enterprises.

Article is written in Ukrainan


Amalyan N. D., Amalian A. W.
Accounting Objects within the Framework of Customer Loyalty Programs (p. 282 - 288)

Over the last decades customer loyalty programs have experienced rapid growth. The availability of applicable techniques backed up by effectiveness of modern IT, provides trade organizations with an extensive selection of customer loyalty-oriented activities to adopt. Not surprisingly, the extent of such programs has been increasing steadily with some researches evaluating the volume of such transactions in tens of billions of US dollars. Though, the regulations and guidance regarding the accounting for such marketing campaigns have been developing somewhat lagging, especially in post-Soviet countries. Different approaches to recognition and measurement of various components of customer loyalty programs have been adopted by accountants all over the world. Some of these approaches, as described in the present paper, could lead to material misstatements of accounting data and biases in the reporting, especially regarding the recognition of separate accounting objects and their measurement. The purpose of the paper is to promote understanding of such transactions nature, which is crucial to proper accounting and reporting for customer loyalty programs.

Article is written in English


Levina M. V.
Establishing the Accounting Policy as to the Transaction Costs of Hotel Industry Cluster (p. 288 - 293)

The article is aimed at studying the issues of accounting and optimization of transaction of costs of the enterprises of hotel industry. The current status of the hotel enterprises clustering in the world and in Ukraine has been analyzed. Relevance of creating hotel clusters to reduce the level of transaction costs related to cluster elements has been substantiated. It has been suggested to introduce into scientific use regarding the accounting the concept of cluster accounting, which should be based on the development of the accounting policy, harmonized within the cluster according to the basic parameters. A typical structure of Provision on cluster accounting policy for the hotel industry enterprises has been developed, aimed at ensuring the integrity of methodology for reflecting specific accounting objects by all elements of cluster, and will help to consider the peculiarities of archiving the cluster documents in the terms of using current information and communication technologies. The questions, which would be advisable to reflect in the organizational, technical and methodical sections of cluster accounting policy, were characterized in details.

Article is written in Ukrainan


BUSINESS INFORM №12-2015

Nazarenko I. М., Nazarenko A. V.
Accounting and Reporting – the Information Platform of Management Process (p. 250 - 257)

The article proves that an important position in the management of economic entity belongs to information support. Two levels of the contemporary information management environment have been allocated (external, internal), which are further detalized in the context of legal, accounting (economic), technological and other constituents. It has been proven that an important information source for managerial decision-making are accounting data (including reporting). The key qualitative characteristics of accounting information have been allocated. On the basis of an analysis of the literary sources, the problematic issues of accounting and financial reporting have been generalized, which can render a negative influence in the management process. Special attention is paid to the need to maximize the augmentative qualitative characteristics concerning the accounting information. It has been found that for the contemporary information support of management process presence of a specific entropy is characteristic. The entropy has been researched from the view of accounting (types, causes and ways to prevent). The necessity of improving the information infrastructure with a purpose of effective managerial decision-making, improving the competitiveness and investment attractiveness of economic entity has been substantiated.

Article is written in Ukrainan


Dubovaya V. V.
Disclosure of Investment Property in the Financial Statements in Accordance with International Standards (p. 257 - 262)

The article is aimed at elaboration of a structured template for disclosure of investment property in the financial statements in accordance with international standards. Results of a study show that, in contrast to global trends of excessive disclosure, financial statements of Ukrainian enterprises are incidental to insufficient and sometimes unreliable financial disclosure, at least when considering investment property. To provide structuring in the disclosure of investment property according to IFRS, an organized view over the descriptive and financial information has been proposed, making use of table forms for reconciliation of the balance value of investment property at the beginning and in the end of the period chosen for alternative assessment models. The prospect of further research on application of international accounting approach to assessment of investment property at fair value has been determined, considering the best and most effective use of this approach.

Article is written in Ukrainan


Malakhov V. А.
Polemic Issues in Determining the Methodology of Costs Audit at Ukrainian Enterprises (p. 263 - 268)

The concepts of auditing methodology from different sources have been considered, relationship of the concept of auditing methods with the concept of auditing methodology has been proved. The existing views of scholars on the concept of notion of «auditing method» have been generalized, the author's vision of the concept of «auditing methodology» has been suggested. Characteristics of the costs auditing methodology have been allocated in terms of different scientists' views. The developed and proposed for use in the domestic producing enterprises costs auditing methodology not only considers all the necessary elements, but also has an associated scale for assessing the efficiency of its application, consistent with an exhaustive list of the tasks of costs audit. The importance of the results obtained provides the ability to use them in practical activities of auditors and audit firms. A further direction of research is developing a methodology for income auditing as another key indicator of producing enterprise's activity.

Article is written in Ukrainan


BUSINESS INFORM №1-2016

Biletska N. V.
Role of Analytical Procedures when Auditing the Results of Main Activities of Enterprise (p. 248 - 252)

The article is concerned with studying the meaning and the role of auditing the results of management of the main activities of enterprise. Status of managing results of the main activities of economic entities has been analyzed. The actuality of auditing the main activities has been substantiated. Purposes of application of analytical procedures when conducting an audit has been outlined. Role of analytical procedures in auditing results of the main activities has been examined. An analysis of the theoretical aspect of analytical procedures in the audit has been conducted. Identification of analytical procedures with the analysis of financial condition has been refuted. The own interpretation of the concept of «analytical procedure» has been proposed. A list of analytical procedures by specific features in terms of stages of implementing an audit has been proposed. Use of analytical procedures at each stage of implementing an audit has been considered. The factors that are directly influencing the truthfulness of the final results of audit with application of procedures of analysis have been characterized.

Article is written in Ukrainan


Pylypenko L. M.
Comprehensive Income in Terms of Representing Efficiency by Enterprises of Postindustrial Economy (p. 253 - 257)

The article is aimed at studying content, composition and appointment of its comprehensive income statement, analyzing its compliance with the information requirements of the stakeholders of postindustrial economy enterprises. It has been found that comprehensive income actually reflects the amount of augmentation of contributed capital of enterprise, corresponding to the economic nature of its profit. It is reasoned that representation of comprehensive income in the public financial reporting allows enterprises to partially solve the problem of methodological dualism in the evaluation of their assets and performance results. It has been substantiated that particulars in the interpretation of comprehensive income depend both on the enterprise, the composition and structure of its own capital, and from the stakeholder, nature of the interest he attaches to the enterprise, etc. Prospects of the further researches in this direction are searching for objective criteria for the recognition of income and expenses, their distinction in determining the objects for depreciation – to financial results or directly to the change of components of shareholders' equity, because these criteria determine the structure of the comprehensive income of enterprise.

Article is written in Ukrainan


BUSINESS INFORM №3-2016

Vysochan O. S., Kish I. R.
Transformation of the Information Function of Accounting as a Response to the Challenges of the Contemporary Economics (p. 160 - 165)

The article is aimed at studying theoretical aspects of development of information function of accounting in the context of the information economics. Evolution of the common characteristics of information society has been considered, views of scholars on the definition of substance of information function of accounting have been systematized. The study identified a number of new strategically important tasks in the sphere of accounting, related to: studying the characteristics of information processes; profiling consumers of accounting information; compliance with latest accounting functions (social, coordination, etc.); ensuring the further development of national accounting models on the basis of international experience. It has been substantiated that realization of information function in the accounting system faces a number of problems, which, given the challenges of the contemporary economics and requirements on the part of managerial processes, is a priority for further research.

Article is written in Ukrainan


Reta M. V.
Accounting for Strategic Management: Theoretic-Methodological Foundations (p. 166 - 172)

The article is concerned with arrangement of the theoretic-methodological foundations of accounting for adapting its instrumentarium to the needs of strategic management. This publication has proved that, at the present stage of development, a significant number of factors has been accumulated that lead to the need to improve the methodology of accounting. Preconditions for improving the methodological base of accounting have been reviewed and critically analyzed. The major aspects of a number of accounting theories, describing the methodological foundations of building the information support for strategic development of business entities have been identified. Directions of improvement through a combination of related techniques together with modifications of traditional accounting methods, and using a combination of several approaches: procedural, additive, system- and activity-based, and axiological, have been substantiated.

Article is written in Ukrainan


Iatsunska O. S.
Process of IFRS Implementation in Ukraine (p. 173 - 182)

The article is aimed at examining the theoretical foundations and prerequisites for implementation of international financial reporting standards (IFRS) in Ukraine according to the stages of its development, as well as analyzing its dynamics and structure. The theoretic foundations of and preconditions for the process of implementing IFRS in Ukraine at an early stage, and after their global distribution in the countries of the European Union have been determined. An analysis of the process of implementing IFRS by economic entities according to the organizational-legal forms has been conducted, and the fact of their wide distribution among large and medium-sized enterprises has been confirmed. The article emphasizes shortcomings in the functioning of Ukrainian institutions concerning the collection, compilation and exchange of statistical and administrative information on the State registration, results of economic activity by business entities, that consequently has negative impacts on the level of confidence to these information recourses and on reputation of the country as a whole. The need to supplement the National statistical classifier «Statistical classifier of organizational forms for economic entities» with expanded information on types of joint-stock companies has been outlined. Prospective for further researches in this direction is studying the process of implementing IFRS by economic entities at the regional level. Also, in the context of economic theory of networks, an empirical research networks both at the national level and the enterprises level is required due to the «network effects» that have influenced their decision to use IFRS.

Article is written in Ukrainan


Chudovets V. V., Zhurakovska I. V.
Problems of Accounting for Investment Property according to both National and International Standards (p. 183 - 187)

The article is aimed to analyze the theoretical and practical problems of accounting for investment property and formation on this basis of solutions tailored to the requirements of both national and international standards. The article examines the order of recognition, assessment and accounting in terms of investment property on the basis of domestic and foreign experience. Objective and subjective reasons have been identified, which contribute to the problems of accounting for investment property, namely: false reflection of objects as conventional fixed assets, complexity of the evaluation at fair value, difference between national and international accounting standards, etc. The article clarifies complexity of the practical implementation of ways to determine the fair value of investment property according to standards. Existence of differences between IFRS 40 and P(S)BU 32 has been identified in terms of accounting and reflecting in the reports investment property that leads to necessary transformation of financial statements. Solving of the allocated problems will allow more reliably reflect such assets in the financial statements in the future, generate relevant methodological recommendations for their accounting and to enhance the efficiency of their management.

Article is written in Ukrainan


BUSINESS INFORM №4-2016

Izmaylov Y. O.
Accounting of Imports of Fixed Assets for the Investment-Innovative Development of Enterprises (p. 189 - 196)

The article is aimed at finding directions for increasing reliability, transparency and a systematic display in accounting the imported fixed assets for the investment-innovative development of enterprises with consideration of international practice as well as national features. The external macroeconomic indicators for imports that impact the investment-innovative development of economy of Ukraine have been analyzed. Substance of the category of «fixed assets» has been disclosed with a view to their reflection in the accounting. The article provides a technique of accounting and evaluation of imported fixed assets according to both national and international financial reporting standards, depending on the method of income, which will participate in the investment-innovative development of enterprise. Order of reflection in the accounting operations for imports of fixed assets with investment-innovation assignment by national importer have been systematized and presented, together with the alternatives for reflecting the exchange differences.

Article is written in Ukrainan


Maister L. A.
Particularities and Problematic Aspects of the Legislative Regulation of Accounting the Enterprises' Staff Remuneration (p. 197 - 201)

The article is aimed to study the theoretical foundations and applied aspects of the complex of factors and contemporary issues as to legislative regulation of accounting of the enterprises' staff remuneration. Both essence and meaning of the economic categories of «minimum wage», «subsistence minimum» and «single social tax» have been reflected. The normative order of establishing the staff minimum wage has been characterized and provided to assess the provision of social standards. The order of wages indexation, along with peculiarities of charging single social tax to the wages fund for enterprise's workers, taking into account new developments in the existing legislation, has been considered. The problem of inconsistence between the growth of inflation level and increases in the minimum wage has been identified, which requires urgent consideration and decision at the legislative level. The legal regulation of accounting the staff remuneration has been examined in the part of impact of changes in the minimum wage level on the paying up employees. Types of liability of directors of enterprises for violation of labor laws have been determined, which will ensure control and continuous compliance of settlements with staff and with the State in full.

Article is written in Ukrainan


Koroliuk N. M., Lozynskyi D. L.
The Role of Organization and Informational Provision of Managerial Accounting at Enterprise: Realities and Prospects (p. 201 - 205)

The article is aimed at identifying the role of organization of managerial accounting in the current conditions, as well as defining requirements for informational management, directed towards the effective managerial decisions. The article considers the essence and meaning of managerial accounting, international experience of its establishment, problems of its organization in the enterprises of different industry sectors in Ukraine. On the basis of researches, a number of directions, contributing to improvement of the organizational-methodical provision of managerial accounting has been proposed, in particular: 1) distinction between the financial and the managerial accounting; 2) improvement of methodical instrumentarium of managerial accounting and development of managerial analysis; 3) accounting the specificity of activity of both the enterprises and the industry sector; 4) integration of managerial accounting in one strategic management system; 5) selecting an accountant-analyst with consideration of his status, training of related specialists by educational institutions.

Article is written in Ukrainan


BUSINESS INFORM №6-2016

Rozheliuk V. M.
The Algorithmic Solution to the Problems of Harmonization the Accounting in Ukraine According to the Requirements of the International Financial Reporting Standards (p. 160 - 165)

The article discloses the theoretical foundations of harmonization of the accounting in Ukraine in accordance with the requirements of the international standards of accounting and reporting in the context of the European integration and the full development of the global partnership. A managing algorithm has been elaborated, in which stages of implementation of the harmonization process are presented in a logical sequence, thus providing the most optimal conditions to reach the ultimate goal of establishing a unified information environment, necessary for the effective development of economic entities. The researched scientific and practical international experience together with legislation provided the basis to justify the conclusion that the contemporary development of accounting at the international level can be the basis for improving its methodological and organisational framework in Ukraine. On this basis, positions on both the structure and the stages of the integrated approach to organization of accounting in the context of domestic realities have been generalized, stages for implementing this approach in practice have been defined, and their formalization using the functional, the ratio, the matrix, and other optimization methods has been implemented. A list of stages for implementation of the harmonization of accounting in Ukraine according to the international requirements has been proposed.

Article is written in Ukrainan


Marenych T. G.
Transposition of the Requirements of the EU Directive No. 2013/34/EC to the National Legislation of Ukraine (p. 166 - 174)

The article is concerned with a generalization of the main differences between provisions of the Directive 2013/34/EC, the IFRS and the NAS and the development of provisions for the harmonization of Ukrainian legislation on accounting and financial reporting to standards of the European Union and the IFRS. It is substantiated, that Ukraine will continue to expand the use of IFRS. The features of the IFRS implementation into the domestic practice have been generalized. A critical analysis of the provisions of the EC Directive No. 2013/34/EC has been performed, both its positive aspects and its discussion points have been specified. A comparison of the basic options of the EC Directive, the IFRS and the NAS has been carried out. It has been proven that the adopted Directive adds a number of discrepancies with the IFRS. It has been concluded that an implementation of its provisions in the legislative field of Ukraine requires modernizing the existing Provisions (Standards) on Accounting clause towards closing the gap between the NAS and the IFRS, taking into account the requirements of the EU.

Article is written in Ukrainan


Voinova T. S., Multanivska T. V.
The Informational-Analytical Support to Formation of the Auditor's Professional Judgment on Continuity (p. 174 - 185)

The article is aimed at generalizing the theoretical foundations of the informational-analytical support to formation of the auditor's professional judgment on the continuity of activity and developing the practical recommendations for the auditor's engagement with the management. The author's definition of the concept has been substantiated and proposed, its composition has been determined. It has been found that, as one of the main tasks of the informational-analytical supporting the audit of continuity, in addition to the standard procedures for processing information, can be appropriate to allocate procedures for assessment of the degree of reliability of the information source through the definition of economic interests, information needs, and expectations of relevant management parties that provide such information. A set of measures has been elaborated to promote communication of auditor with management and those endowed with the highest authorities to adequately provide the sufficient and acceptable audit evidences of the process of formation of the auditor's professional judgment on approval for continuity of activity.

Article is written in Ukrainan


BUSINESS INFORM №7-2016

Yanchev A. V., Shekhovtsova D. D.
The Modern Concept of Organization of Internal Audit of the Cost Management of Enterprises in the Restaurant Industry (p. 119 - 124)

The article substantiates the necessity of organizing the internal audit of costs at enterprises in the restaurant industry that should allow decision makers to obtain confirmation of validity of data of the management accounting of costs and reporting for decision-making. The classification groupings of internal audit for the system of management of the enterprises' activities have been defined. An analysis of interpretation of the categories of «operating audit» and «managerial audit» has been carried out. The need for internal operating audit of costs at enterprises in the restaurant industry in view of the established vector of integration of management accounting and internal audit in conditions of transformation of market economy has been proved. Recommendations for improving efficiency of costs management have been suggested from the position of conformity with the current requirements of economic management in the competitive environment.

Article is written in Ukrainan


Romanenko S. V.
The Settlements, Which Make Use of Letter of Credit: Types and Accounting Treatment (p. 125 - 130)

The article is concerned with identifying the problematic issues of accounting treatment of settlements, which make use of letter of credit, critical analyzing the proposals by researchers as to addressing them, as well as developing of recommendations on how to address them. Types of letters of credit that affect methods of their accounting have been considered, the problematic issues in the course of their use have been described. An order of accounting treatment of the settlements, which make use of letter of credit, has been proposed taking into account their types. The necessity of opening a number of new as well as using the existing sub-accounts for accounting treatment at various stages of the settlements, which make use of letter of credit, has been substantiated. The article prompts proposals on organization of the analytical accounting of settlements with suppliers, issued bank loans, monetary documents. The necessity of fixing the mentioned proposals in the accounting policy of enterprise under the condition of using the settlement form of letter of credit has been substantiated.

Article is written in Ukrainan


BUSINESS INFORM №8-2016

Iatsunska O. S.
The Procedure of Diminishing Utility of Fixed Assets: Organizational-Methodical Aspects (p. 130 - 140)

The article is concerned with studying existing approaches to formalization of the procedure of depreciation of assets, in particular fixed assets, and their further developing. It is found that the proposed approaches to formalizing the procedure of diminishing utility are largely duplicative and don't solve the problems (obstacles) specified, which prevent implementation the of P(S)A 28 «Diminishing utility of assets» into practice. The author's own approach to organization and methodology of implementing the procedure of devaluation has been proposed. This approach is provided in form of a structurally-logical schema, where the basic and interconnected four stages are allocated and substantiated. The need to refine and harmonize the domestic terminology of accounting concerning definiendum and definiens of the definition of «book (net book) value» has been specified that will make possible to overcome a certain inconsistency and observe the requirement of internationality when building up terms, and will also appear as progress towards convergence of national and international standards. The necessity of amending the feature of the bill 13 «Wear and tear (depreciation) of non-current assets» and its supplementing by the second order bill 136 «Losses from diminishing utility» with correspondence on the loan with the debit of the bill 97 «Other expenses» has been substantiated.

Article is written in Ukrainan


BUSINESS INFORM №9-2016

Sysіuk S. V.
Problems and Prospects of Improvement of Accounting in Ukraine: Theoretical-Applied Aspects and International Requirements (p. 218 - 223)

Objectives of this article are: formulation of theoretical reasoning and formalization of the method for substantiating the expediency of selecting particular type of accounting; elaboration of suggestions on improving the categorical apparatus to clarify some of the existing normative-legal acts; substantiation of some actual directions of solving the methodological problems existing in accounting in connection with the international and European orientation of Ukraine. The article determines the main problems to be solved when providing achieving the transparency and clarity of domestic accounting data. It is proved that the basis for a solution to the problem concerning the harmonization of Ukrainian accounting system with international and European requirements, is the identification of the concept of «organization of accounting». In this regard, the author’s definition of this concept has been formulated. The method for selecting adequate for a particular company accounting form has been formalized. The problems associated with the implementation of international standards have been grouped. Topical direction of scientific research is to find ways to overcome the problems and difficulties when adapting national system of accounting to international standards with minimal risk and cost.

Article is written in Ukrainan


Shylga S. V.
Models and Factors of Audit and NAS Pricing: Literature Overview (p. 223 - 229)

The research is aimed at analyzing audit and NAS pricing models evolution with application of the narrative approach and testing the hypothesis of multi-variable mixed stochastic development of audit pricing models by the data envelopment analysis. The main findings support the hypothesis of pricing models shift from endogenous to exogenous factors that can be explained by the growing pressure of main stakeholders – clients and regulators – through their control of ethical, quality, social and public governance issues. The DEA allowed to range the factors in 3 main groups: 1) direct factors influencing pricing decision; 2) indirect factors influencing pricing decision; 3) one-off, episode factors of influence. With regard to the obtained results further research should be focused on challenges for developing countries affecting audit and NAS pricing models.

Article is written in English


BUSINESS INFORM №10-2016

Izmaylov Y. O.
Formation of Principles of Accounting of Economic Activities of Enterprises in the Context of Investment and Innovation Development of Economy of Ukraine (p. 329 - 337)

The article is aimed at critical analyzing and theoretical improvement of principles of accounting and financial reporting as to results of economic activities of enterprises in the context of investment and innovation development of Ukraine's economy. An updated interpretation of the system of principles has been proposed, which is supplemented by new elements – duality and documentary registration. The proposed modernization of the accounting principles will provide: improving the theoretical basis of accounting; creating practical guidelines to the accountant to action; correctly forming the main indicators of activity of enterprise; obtaining reliable financial information, and in general – ability of efficient managing the enterprise. The advanced accounting principles will provide obtaining the account information, which will provide to make rational managerial decisions as well as find informed investment and innovative solutions.

Article is written in Ukrainan


Korol S. Y.
Accounting Cognition of Social Resposibility of a Bussiness (p. 338 - 342)

The article concentrates on the issues related to accounting of activities of a socially responsible business. The basis for the research is managers’ requirements to the data about economic, environmental and social impact of a company on the community, which depend on the level of implementation of the social responsibility principles in its economic activity. It has been found that the conventional accounting allows obtaining information on social responsibility of a company as either a separate event or a separate type of economic activity. It has been defined that the issues of accounting social responsibility facts is connected with the problem of their cost measurement and approval of the company economic activity in the process of primary observation. The use of the IFRS criteria for recognizing assets, obligations, revenues and expenditures of a company does not allow recording many events that are important for the parties concerned in accounting documents. In particular, the data about environmental and social aspects of the company activity do not comply with these criteria. It has been proved that further development of methodological approaches to the primary cognition of the facts of company economic activity will allow creating a sufficient database for making decisions, socially responsible management and economic, environmental and social efficiency of a company.

Article is written in English


Pavlykivska O. I., Marushchak L. I.
The Methodological Approaches to Defining Essence of Revenues and Expenses (p. 343 - 348)

The article considers features of order and compiling information on revenues and expenses with a view to their positive impact on both the business operations and the financial results of enterprise. An analysis of scientific-methodological approaches has been carried out, and a critical evaluation of definitions of «revenues» and «expenses» has been made that will meet the information needs of users on their implementation and optimization. Their main classification attributes have been researched and systematized. Methods for generating revenues and expenses together with a methodology for researching them have been provided, allowing to efficiently use the resources of enterprise and, at the same time, carry out an in-depth analysis of the factors, which would negatively impact the financial-economic activity of enterprise.

Article is written in Ukrainan


BUSINESS INFORM №11-2016

Farion A. I.
Express-Overview of the Process of Accounting Reformation in the Public Sector of the Ukrainian Economy (p. 313 - 320)

The process of adaptation of the Ukrainian accounting system to European standards is a significant step to the cooperation of Ukraine with the European Union. The implementation of the accounting modernization program in the public sector is going slower than in other areas, and it hinders the powerful driving force of reforms because the number of budgetary enterprises, institutions and organizations in Ukraine is more than 100 000 (entities in the spheres of education, science, sports, medicine, culture, public services, and legislative and executive institutions). In this respect searching for the new ways to improve national approaches to the modernization of the accounting system in the public sector of economy is very important since the cooperation of Ukraine with international organizations, financial institutions, and its activity in stock currency and investment markets should be conducted in compliance with international standards, require openness and transparency of the information on economic issues.

Article is written in English


Kosata I. A.
The Role and Place of Accounting in the Enterprise (p. 320 - 324)

Accounting takes one of the leading places in the system of enterprise management. It reflects the real processes of production, circulation, distribution, and consumption, comprising the information base for characterization of financial status and planning the activities of enterprise. Using the information provided by accounting, one can develop a strategy for the functioning of enterprise, including the following: 1) efficient use of available resources; 2) control of the current activity of enterprise; 3) planning its strategy and tactics; 4) eliminating subjectivity in the managerial decision-making; 5) forecasting indicators of the enterprise development, and 6) finding reserves to enhance the efficiency of its work. Thus, the accounting system is of great importance to the work of any enterprise, is designed to provide complete, accurate and reliable information to make informed managerial decisions, both by internal and by external users.

Article is written in Ukrainan


Naumova T. A., Kyrylieva L. O., Chernikova I. B.
The Organizational-Methodical Aspects of Quality Control of Audit Services in Accordance with the Legislation of Ukraine (p. 325 - 330)

Objectives of the article contain analyzing the current status of the market of auditing services of Ukraine and examining the basic directions of its development, studying characteristics of this segment of market, defining the components of the quality control as to audit services, taking account of interests of the major groups of users of financial reporting. An analysis of both the results of audit activities and the status of audit services market has shown that, along with the trend towards reducing the number of the audit activity entities in Ukraine, there has been a growth in the volume of services provided by the audit activity entities in the country, as a whole. Definitions of the term of «quality assurance of audit services» as well system for as evaluation of audit quality in the scientific and scientific-methodical literature have been researched. Both the place and the role of quality of audit services have been considered in accordance with the levels of ensuring control of their quality. The necessity of amending the Ukrainian law on audit activities that are aimed at improving the quality of audit services, improvement of business climate, and adaptation to the European Union legislation, has been substantiated.

Article is written in Ukrainan


BUSINESS INFORM №12-2016

Dubovaya V. V.
Improving the National Foundations of the Standard Cost Accounting Method in the Industry (p. 229 - 237)

The article is aimed at modernization of the national foundations and improvement of techniques of the standard cost accounting method in the industry. Four options of the standard cost accounting method have been analysed using alternative accounting registers of the consolidated cost accounting. The key differences between the standard cost accounting method from its foreign counterpart «standard costing» have been allocated. According to the current requirements of accounting, a register of the consolidated production in terms of standard method has been developed, including implementation of the following accounting techniques: norming of production resources in the rests and losses of the process work and finished products; evaluation of the natural norms of resource cost in the process work and in finished products at original cost; calculation of the standard costs of resources in both the natural and the cost measurement together with deviations of the actual costs from the standard costs. A national edition of the methodical recommendations on application of the standard cost accounting method in the industry with the updated principles and techniques of accounting has been proposed.

Article is written in Ukrainan


BUSINESS INFORM №1-2017

Kalinkin D. V.
The Recommendations on Harmonization of Internal Audit of the Budgetary Institutions (p. 251 - 255)

The article is aimed at developing methodical recommendations on harmonization of internal audit of the budgetary institutions. It is suggested to take into consideration development of internal documentation regulating the order of implementation of internal audit of a budgetary institution; creation of a rational structure of internal audit; determination of the range of issues related to internal audit, i.e. effective planning. It has been determined that improvement of harmonization of internal audit of the budgetary institutions in the context of reforming the State financial control system is advisable to be conducted stepwise, with the critical analysis of the conditions of functioning of a budgetary institution; modeling of organization of internal audit; optimum composition (number) of employees occupied with internal audit; assessing the value of internal audit; evaluation of the status of organization of internal audit of a budgetary institution; implementation of a number of activities to optimize the system of organization of internal audit.

Article is written in Ukrainan


Koliesnichenko A. S.
Accounting and Reporting in the Formation of an Efficient Information-Analytical Support of the System for Management of Economic Entities in the Financial-Credit and Budgetary Spheres (p. 256 - 262)

The article proves that reporting of economic entities provides to implement a comprehensive analysis of activities based on the use of all kinds of planning, regulatory, accounting, financial, statistical, reference, methodical, and other kinds of information. It is found that accounting of budgetary institution is characterized by more stringent regulation in comparison with the level of regulating the account discipline in the financial-credit sphere. It is determined that the complex of specific characteristics and nuances, inherent in the accounting and analytical environment, in which financial-credit and budgetary institutions are functioning, impose the appropriate mark on order and parameters of implementation of business operations, the rules of reflecting them in the financial, statistical and other documentation. On the basis of reflection of the key organizational aspects and results of analysis of the conceptual foundations of formation of an accounting system, the author has substantiated the existence of identical elements and methodological approaches to the formation of accounting as an important component of the information-analytical support of the management system for both budgetary and financial institutions, due to the similar nature and the logic of forming.

Article is written in Ukrainan


Vasyliuk M. M.
The Organizational Ensurance of the Quality Control of Audit and Auditing Services (p. 262 - 267)

The article explores the practice of organizing quality control of audit and peculiarities of implementing audit services in Ukraine. It has been proved that adaptation of audit in the national circumstances has a number of difficulties related to the poor development of the national economic environment. The peculiarities of organization of an in-house system for management of quality of auditing services were considered. Directions for improvement in the quality of professional audit services have been determined, recommendations on improving efficiency of a system for organizational ensurance of control and improving the quality of auditing services have been proposed.

Article is written in Ukrainan


BUSINESS INFORM №2-2017

Korolyuk T. M.
The Analysis and Systematization of Scientific Research on Risk Issues in the System of Accounting, Analysis and Audit (p. 275 - 281)

The article is aimed at research, critical analysis and systematization of theses by domestic scientists on the issues of risk in the system of accounting, analysis and audit. It has been found that the main focus of the publication is given to studying of specific types of risk (audit risks, currency risks, risks to the factoring company, risks of economic activities of tour operators) or economic activity in the risk circumstances. To each of theses are inherent distinctive elements of scientific novelty, because of each author's own vision as to solution to certain problem situation. Given the provided purpose, objects, subject and scientific novelty of the researches, the main results are systematized in terms of organizational, theoretical-methodological, and methodical approaches. It has been found that most of the dissertation researches would focus on issues of risk analysis and risk audit, only a few domestic scientists explored the issue of risks in the accounting system. The article identifies directions for further research on defining essence of the notion of «risk» as the object of accounting, risk classification in accounting, displaying risks in the accounting.

Article is written in Ukrainan


Voinova T. S.
The Theoretical and Organizational Foundations of Implementing the Results of the State Tax Audit (p. 282 - 289)

The article is aimed at the theoretical substantiation of the approach to organizing the State tax audit and developing recommendations on improvement of the legal framework for implementation of its results. It has been concluded that terminological controversy over the appropriateness of the tax audit as a form of the State tax control is mainly driven by the relative newness of the term «audit» in the post-Soviet space. The legislative recognition of tax audit as a legal form of the State tax control was considered as a means of ensuring the legitimacy of findings of the State fiscal service of Ukraine in the part implementation of advanced world experience in the domestic practice, as well as implementation of real steps on transformation of tax inspections in the real tax audit. The theoretical approach to definition of the content of stages of State tax audit has been clarified. Further study will be required for issues of the analysis of features of use of sampling along with the concept of materiality related to distortions in the tax reporting when implementing the tax audit by the State fiscal service bodies, as well as development of policies and procedures for both the internal and the external quality control of the State tax audit.

Article is written in Ukrainan


Gerasymenko O. M.
Studying the Essence of the Intangible Cultural Heritage in the Context of its Accounting (p. 290 - 295)

The concept of «intangible cultural heritage» came into the scientific circulation, as well as the international legal acts, as a result of lengthy discussions and deliberations in the expert environment. The article is aimed at studying the essence of the intangible cultural heritage, features of its identification and possibilities for its recognition as an object of accounting. In Ukraine, the term «intangible cultural heritage» has not yet gained currency among actors in the sphere of culture and in the legal and regulatory acts. As an object of accounting, intangible cultural heritage is being partly considered in the international accounting standards in the public sector. Features of recognition and formation of accounting information on the intangible cultural heritage objects are not provided by any of the national standards. It has been concluded that a prerequisite to improving the approaches to account both the material and the intangible assets with the cultural, historical value is combining them on relevant characteristics in a group of «Heritage assets» that would be possible when developing a separate accounting standard for such assets. Accounting of the intangible cultural heritage does not contradict the UNESCO recommendations and is important for management of such assets.

Article is written in Ukrainan


Vysochan O. O., Yasinskaya A. I.
Accounting and Distributing the Costs for the Non-Budgetary Non-Profit Organization (p. 296 - 301)

The article is aimed at developing methods for accounting and distribution of costs for the non-budgetary non-profit organizations. An information model of receipt, distribution and use of financial resources of a non-budgetary non-profit organization within the structure of interrelationships of «accounting – management» has been proposed. The existing methods for distribution of the indirect costs of the non-budgetary non-profit organization in proportion to the direct costs on the projects have been improved. According to them, distribution of the indirect costs for projects of the non-budgetary non-profit organization is proposed to implement in four stages: defining the amounts of the direct costs in terms of projects that will be used as the base of distribution; calculating the coefficients of distribution; allocating from the total indirect costs, accrued in the reporting month, the value authorized to reimburse for a particular project; defining the amount of the indirect costs relating to a specific period during the reporting month. Also an analysis of the accounting practices of the indirect costs using the accounts of 8th and 9th grades was carried out. Prospect for further research in this direction is finding solution to the problem of relevance and consistency of the methodological logic of using the accounts of «Production», «Administrative costs», and «Other costs of the operating activity» for the cost accounting.

Article is written in Ukrainan


Vasyliuk M. M.
The Institutional Approach to the Quality of Activity of the Audit Actors (p. 302 - 306)

In the article is discovered that one of the reasons for the lack of competitiveness of economic entities in Ukraine is a poor quality of status of the institutional environment. As a result of the author’s own research, the necessity for definition and approaching to auditing as an audit institution has been substantiated. In this regard, the relationship of the process of establishing an audit institution with institutionalization of the concept of auditing quality is taken into consideration. According to the results of the analysis, carried out by the author, directions for ensuring the auditing quality through a modern system of institutional regulation of the auditing activity have been formulated. The article substantiates the conclusion that importance of the institutional relations for the auditing activity participants is that they are the primary mechanism for satisfaction and harmonizing diverse interests that depend on their objectives, experience, and the knowledge acquired.

Article is written in English


BUSINESS INFORM №3-2017

Marenych T. G.
The Economic Operation as the Primary Unit of Observation in Accounting (p. 331 - 335)

The article is aimed at the scientific substantiation of meaning of facts of economic activity of enterprise for the system of accounting, essence of economic operations, and their classification. It has been proved that definition of the term of «economic operation» in both the regulatory documents and the scientific literature makes it impossible to unambiguous interpretation of essence of this notion. It has been substantiated that the primary unit of observation in accounting is exactly the economic operation, which confirms the real fact of economic activity. It has been specified that to the facts of economic activity can be included treaty, event, occurrence, process, operation, causing impact on the financial status, financial performance and cash flows of enterprise, or changing the value of the enterprise’s off-balance sheet assets and liabilities. A classification of economic operations by various attributes has been suggested in order to ensure the systemacity in consideration of this category. It has been concluded that identification of facts of economic activity will deepen the content of subject of accounting.

Article is written in Ukrainan


Prokopenko Z. V.
The Current Condition of the Legal and Regulatory Framework for Accounting the Activities of the NBFIs (p. 336 - 339)

The article studies and evaluates condition of the current legal and regulatory framework for accounting the activities of non-bank financial institutions (NBFIs). The directions of manifestation of accounting have been defined, requirements of the State to its organization and methodology have been characterized. Activities of the major regulatory institutions has been explored, a grouping and an analysis of normative-legal acts have been carried out. A manifestation of the accounting system has been identified, which confers it the functions of socio-economic nature. It has been determined that information asymmetry and accounting system are interrelated, because accounting should satisfy the information needs of both the internal and the external users.

Article is written in Ukrainan


Zhurakovska I. V., Chudovets V. V.
Improving the Methods for Accounting the Coverages of Payments to Employees (p. 340 - 345)

The article is aimed at exploring the theoretical and practical problems of accounting the coverages of payments to employees and developing on this basis ways of addressing them. An analysis of both the international and the national accounting standards, practices of domestic enterprises, as well as scientific works of scientists, has helped to identify the problematic issues of accounting the coverages of payments to employees, including: ignoring the disclosure in accounting and reporting, absence of an adequate documentary support, complexity of the calculation methods, etc. The authors have suggested ways to improve accounting of payments to employees: documentation of coverages through the development of a Statement of the accrued coverages, simplification of calculation of payments to employees together with the related reflecting in the analytical accounting, disclosure in the accounting policy, and so forth. Such decisions would improve accounting the coverages of payments to employees, increase the frequency of applying such coverages in enterprises and their disclosure in the financial statements.

Article is written in Ukrainan


Korol S. Y.
The Information Provision of the Non-Financial Reporting (p. 346 - 352)

The article is aimed at developing the methodological foundations together with a scientific substantiation of the methodical recommendations for accounting and information provision of the non-financial reporting of enterprise. As a basis for this study have been taken recommendations by the Global Reporting Initiative. The indicators of non-financial report have been grouped with regard to their possible information provision. The article proves the possibility to use a single database to generate both financial and non-financial reporting based on the identification of the common accounting objects, formating a unified system of quantitative and qualitative characteristics. The expediency of using the faceted classification of accounts for organization of analytical accounting has been substantiated. New approaches to registration of both quantitative and qualitative data about facts of economic life of a socially responsible enterprise have been suggested, which make use of different algorithms for simple recording to odd and even accounts.

Article is written in Ukrainan


Samchuk K. I.
Evaluating and Calculating the Costs for Staff Recruitment (p. 352 - 356)

The article explores the components of the accounting method such as evaluation and calculation. It has been found that these constituents occupy an important place both in the overall staff costs and the costs for recruitment in particular, because in the future information about such costs may impact managerial decisions. Despite the fact that the costs for staff recruiting are the pure administrative costs of enterprise, there is a need to identify them with the separate workspaces for management purposes. For the apportionment of the costs for recruitment, it has been suggested to determine the distribution base depending on the category of coworkers. The author investigated the normative-legal acts of Ukraine concerning the calculation of the self-cost of production (works, services), which provide the following methods of calculation: job-order, simple, normative, process, standard-cost, direct cost. Proceeding from the analysis of the normative-legal acts, it can be seen the the most of the above mentioned methods of calculation are used to determine the self-cost of production, i.e. in the sphere of production. Given the specifity of the recruiting services, the author has suggested to use the integrated job-order and process method.

Article is written in Ukrainan


BUSINESS INFORM №4-2017

Suprunova I. V., Kyryluk B. L.
The Features of Stock Valuation in the Context of Computerized Accounting (p. 302 - 307)

The valuation of assets, in particular stocks, has always been one of the main accounting issues, since there is a variance in the determination of the transaction amount, which is a topical task for management. The choice of stock valuation should be considered in terms of economic feasibility, determination of financial result, and be part of the enterprise’s strategic plan. The article defines methods for valuation of decrease in the production stock, their advantages and disadvantages, considers directions of modeling the stock valuation in Ukraine, the USSR, and the IFRS, for each of these can offer an alternative choice. Automation of the relevant processes in the enterprise has been considered, which ensures the timeliness of calculations and the choice of the best valuation variant, reduces the labor intensity and generally creates a unified information and communication system for enterprise, with a view to prompt providing data on assets and, in particular, on stocks.

Article is written in Ukrainan


Nazarenko I. М.
The Financial Audit of the Enterprise’s «Balance (Financial Status Report)»: Organizational-Methodical Aspects and the Algorithmization Process (p. 308 - 313)

The publication is aimed to provide scientific substantiation for the organizational-methodical aspects and the algorithmization of the financial audit process of the «Balance (financial status report)». It has been proven that financial auditing through transformation has expanded the functional role of auditing. The author emphasizes that the financial audit of the «Balance (financial status report)» should be directed to confirming the validity and consistency of showings in this form of financial reporting with the requirements of Ukrainian legislation, the internal regulations of the economic entities, and the expert assessment of the financial state. Financial auditing is also designed to diagnose solvency (financial sustainability), liquidity and business activity; to assess the threats of bankruptcy; to determine the worthiness and value of entrepreneur. An algorithm for financial auditing of the «Balance (financial status report)» of enterprise has been developed, with organizational, research, and performance phases as constituent parts.

Article is written in Ukrainan


Pasternak M. M.
The Common Technique for Analyzing the Financial Results Report (p. 313 - 317)

The article is aimed at generalizing the theoretical approaches to the structure and elements of the technique for analysis of the Financial results report (Cumulative income report) and providing suggestions for its improvement. The current methods have been analyzed, relevance of the application of a common technique for such analysis has been substantiated. A common technique for analyzing the Financial results report has been proposed, which includes definition of the objectives and tasks of analysis, subjects and objects of analysis, sources of its information. Stages of such an analysis were allocated and described. The findings of the article can be used to theoretically substantiate and to practically develop a technique for analyzing the Financial results report in the branches of Ukrainian economy.

Article is written in Ukrainan


Rozheliuk V. M., Denchuk P. N.
The Formation of Accounting Policies for Processing Enterprises in the Context of Adaptation of National Regulations to the International Standards of Accounting and Reporting (p. 318 - 323)

The article defines principles for preparation of accounting policies using both domestic and foreign experience, generalizes scientific and theoretical approaches, and improves the wordings of the concept of «accounting policy». The feasibility of conducting a preliminary assessment of efficiency of organizational activities through the use of the criteria generalized in the accounting policy has been substantiated, the legal and regulatory levels have been highlighted, taking into consideration the existing legislation. The procedure for determining the accounting policy parameters and directions has been disclosed, requirements to the formation of accounting policy have been defined, influencing of factors on its formation in market conditions has been researched. Recommendations for the main sections of the accounting policy order in the processing enterprise have been formulated, a list of parts of the accounting policy order has been determined, taking into consideration the organization and technology of the working process of processing enterprises in the circumstances of market economy. A comparison of international and national regulations on the formation of accounting policies for the market-based enterprises has been carried out.

Article is written in Ukrainan


Liakhovych H. І.
The Stages of Implementing the Accounting Outsourcing (p. 324 - 328)

The article is aimed at substantiating the procedure for implementing the accounting outsourcing, determining its stages and phases, and to address the problematic issues that arise through the main phases. The general sequence of outsourcing of accounting functions has been disclosed. It has been proposed to allocate preparatory, technological and performance stages in the course of the accounting outsourcing process. It has been found that determining the procedure and organization of the transition to accounting outsourcing is crucial in ensuring its efficiency, so that greater emphasis is placed on the first stage. A sequence of actions in the substantiation of choice for outsourcing as a form of accounting organization has been determined. The list of criteria of choice from the enterprises-outsourcers for accounting record-keeping has been clarified.

Article is written in Ukrainan


Burlan S. A., Katkova N. V.
The Organizational Support of Formation of the Integrated Enterprise Reporting (p. 329 - 334)

The article considers the organizational aspects of formation of the integrated reporting in a contemporary enterprise in the context of the functional purpose of this reporting as an element of the information support for the managerial decision-making process. The main issues of the organizational support for the process of building an effective integrated reporting system at an enterprise have been defined, accounting of which would help to obtain the expected results and ensure that objectives of the information support for the managerial decisions are met. The article provides recommendations for the organization of a system for the integrated accounting and control, formation of the integrated reporting, processes for the input, processing and using information for preparation of integrated reporting; an organizational model of the process of formation of the integrated reporting for enterprise has been proposed. It has been specified that the institutional systems of contemporary enterprises should have the potential capabilities to transform information on financial and non-financial aspects of activities into economic value.

Article is written in Ukrainan


BUSINESS INFORM №5-2017

Khorunzhak N. M., Petrushchak S. M.
The Problematic Aspects of Accounting the Transaction Costs and Ways to Address Them (p. 221 - 228)

The article is aimed at a theoretical generalization of the nature and causes of appearance of transaction costs, development of proposals on formation of an effective model for their management, including the proposals on the basis of improved accounting for brewery enterprises. According to the carried out analysis of the authors’ positions on accounting, including the positions related to reflection of transaction costs in the accounting records, it has been concluded about expediency to account such costs by types, although only in regard to the activities, directed toward sales of production. A goal tree graph has been built to ensure the rationality of research on elaborating the classification (grouping) of transaction costs and on substantiating the composition of working accounts for their accounting. In order to ensure the continuity and timeliness of including the transaction costs into the prime cost of the production sold, it has been proposed to use planning and reporting calculations. An approach has been developed to determine the planned inclusion of transaction costs in the prime cost of the production sold (exponential average). An appropriate model for recording the transaction costs has been built. Prospect for further research will be construction of the efficient policy decisions concerning the enterprise’s activities, based on the above conception of the system of management of transaction costs together with its information base.

Article is written in Ukrainan


Malikov V. V.
The Accounting Policy of Enterprise and its Contents in the Practical Aspect of Application (p. 229 - 233)

The accounting policy of enterprise and the manner of its formation is a rather complex process, which should not only involve the selection of several accounting options but also act within the framework of existing legislation. The accounting policy of enterprise is the backbone of any activity of an economic entity, as it establishes an accounting procedure based on a comprehensive analysis of the possible options. The article is aimed at developing the contents of accounting policy, which will provide for creating a workable document, using experience of leading scientists. Since the accounting policy of enterprise is primarily intended to provide true and full coverage of the activity of economic entity, which is implemented in practice through preparation of financial reporting, it would be appropriate to generate its contents in terms of the reporting sections. That is, in a general way, the issues to be reflected in the accounting policy of enterprise should have a separate structure for each item of financial reporting: for the constituent assets, the capital and liabilities; the estimate on the balance sheet date; the estimate on decrease; the estimate on revenues and costs.

Article is written in Ukrainan


BUSINESS INFORM №6-2017

Tymchenko O. M., Sybirianska Y. V., Svyrydenko O. O.
The Risks of Development and Implementation of Unified Reporting on the Income Tax of Natural Persons and the Single Contribution to Compulsory State Social Insurance (p. 227 - 233)

The development of a uniform reporting form on the income tax of natural persons (ITNP) and a single contribution to compulsory State social insurance (SSC) is a topical issue, taking into account the objective, set in the course of tax reform, to simplify the procedures for completing statements and reporting to fiscal authorities. Despite the existence of a suitable framework for the development of a uniform form, the activities of merging, transforming, reducing the number of reporting forms are accompanied by certain risks. The authors have systematized the discussion and problem aspects of the process of developing and implementing a unified reporting format for ITNP and SSC. The article identifies the risks associated with uncertainty of the results of tax and pension reforms, different views as to content of the reporting forms on the part of fiscal authorities and on the part of bodies of the Pension fund of Ukraine, harmonization of the timing of accounting and its types. Attention is focused on the internal and the external risk sources. A warning about the possible amalgamation of ITNP and SSC into one tax has been reasoned. Recommendations for removing obstacles to the harmonization process have been proposed.

Article is written in Ukrainan


Bytkivska A. V.
The Types and Specificities of Auditing in the Procedures of Recovering the Solvency of Enterprises (p. 234 - 239)

The article is concerned with the systematization of types and the disclosure of specificities of auditing as well as audit services in the process of recovering the solvency of domestic enterprises. The main types of audit have been allocated and their features have been characterized. It has been determined that both internal and external audit may take place in the procedures of readjustment (judicial and pre-trial), disposition of property, and the settlement agreement, the latter being a more effective form of control. In the author’s view, the main type of audit of the financially insolvent enterprises should be acknowledged the audit of financial statements, which differs from the traditional audit, depending on which it can be positioned as before- and post-readjustment. The specifics of readjustment audit have been identified, the purpose of which is to confirm the validity, efficiency, and achievability of the readjustment plan. An indicative list of other audit services has been provided, which may be expanded depending on the current procedure and the needs of customer. Expediency of establishing, at the legislative level, the mandatory auditing in the procedures of recovering the solvency has been substantiated.

Article is written in Ukrainan


BUSINESS INFORM №10-2017

Kovalevskaya N. S., Naumova T. A., Korobkina I. S.
Analyzing the Contents of the Orders on Accounting Policy of Hotel Industry Enterprises (p. 289 - 295)

The article is aimed at carrying out an analysis of the contents of the orders on accounting policy of hotel industry enterprises and developing an optimal structure of the accounting policy parameters for the enterprises in this sphere. The contents of the «On accounting policy» orders was analyzed in terms of the organizational, technical and methodological divisions of the hotel industry enterprises of the Kharkiv region. In order to optimize the accounting process at the hotel industry enterprises, a structure of the hotel’s accounting policy parameters has been developed and recommendations have been made to improve the methodology of its design, which would facilitate rationalizing the formation of information resources to manage enterprise and improve performance without significant changes in the organizational structure and substantial financial investment.

Article is written in Ukrainan


Nazarova K. O., Kopchikova I. V.
Auditing for the Corporate Fraud Prevention (p. 296 - 300)

The main threats to business are: competitors; supervisory and investigative bodies; tax system; crisis developments; currency exchange rates and so on. However, the world experience of recent decades has shown that not only external phenomena but also own employees can be perceived as tangible threats to business. On the part of the staff, there are, for various reasons, provocations, errors, deception or fraud, which could infringe security of enterprise. The article examines the status and dynamics of corporate fraud in Ukraine and in the world, the most common ways of detecting fraud, the methods that are used to counter it, as well as preventive means. The need to counter fraud within the corporate organization has been substantiated, efficiency of the internal and the external audits in detecting and preventing deception and fraud of employees of enterprise has been proven. The existing ways of detecting fraud in Ukraine were analyzed.

Article is written in Ukrainan


BUSINESS INFORM №11-2017

Koliesnichenko A. S.
The Theoretical Analysis of the Definition of «Financial Investments» and Harmonization of the Accounting and Auditing System in Accordance with the IFRS and the ACI (p. 282 - 288)

The article systematizes the existing views on the category of «Financial Investments» (FI) and substantiates that the ideology of financial investment be disclosed by determining the degree of regulation of this concept. In accordance with both normative and scientific approaches a matrix of the terminological essence of definition of FI was constructed, on the basis of which three fundamental components were allocated: object-static, dynamic, and target. Elements of the concept of «financial investments» had been structured and a component analysis was carried out, which became the basis for constructing the logic of interpretation of this economic category with the purpose of leveling theoretical differences in the interpretation of financial assets in terms of harmonizing their accounting with the IFRS and the ACI. It has been substantiated that there is a transition to the more developed theoretical level of perception of FI, which is expressed in the interpenetration of economic and legal branches of knowledge in the context of interpretation of this scientific category while positioning investment processes in the international coordinate system.

Article is written in Ukrainan


Malikov V. V.
Calculating the Self-Cost: Consolidation of Management and Accounting Approaches (p. 289 - 292)

Calculating the self-cost is one of the most important processes in both accountance and management accounting. The article is aimed at developing the order of interaction between management accounting and accountance in the implementation of calculating the self-cost, which will reduce the accounting work and most reliably determine the self-cost level. The author has allocated three stages of calculating the self-cost, which maximally unite approaches of management and accounting to the given question, create an opportunity to determine not only the break-even (normative-profitable) volume of production (sales) together with the break-even (normative-profitable) price, but also the real profitability of product, as well as significantly reduce the volume of accounting work by using the data already available from another accounting calculation.

Article is written in Russian


Adamyk O. V., Sachenko S. I.
Auditing the Functional Part of the CAS Software (p. 293 - 299)

The article is aimed at determining the order and methodology of auditing the functional component of the software for an computer accounting system (CAS). It has been found that software auditing should be performed separately for each of its components. The components of the functional part of the CAS software are the database management system (DBMS) and the application software supporting the accountance automation. For auditing of the first component part are used such techniques as general evaluation, subject check of the embedded algorithms of information processing. Auditing the client software algorithms is carried out by means of the control data method, which is reduced to such procedures as creation of another database of test data with imaginary objects and its processing by the client program, as well as introduction in a copy of the real database of imaginary objects (employees, creditors, material values) and the formation of reporting. Not only the current methods of calculation or evaluation of accounting objects, but all of the software, are subject to mandatory verification. This will avoid errors if the enterprise accounting policy changes.

Article is written in Ukrainan


Nechyporuk N. V.
The Economic Essence of Land Resources: the Accounting Dimension (p. 299 - 306)

The article is aimed at exploring the economic content of the concept of «land resources» as an object of accountance, establishing its relationship with the following terms: «land», «natural capital», «land capital», «land property». On the basis of consideration of the essence of the concept of «land» at the legislative level and an analysis of definitions of the content of this category it has been determined that «land» is a special kind of biological asset, means of production, and the spatial basis of placement and development of branches of the national economy. According to results of an analysis of the essence of the terms of «natural capital» and of «land capital», it has been determined that it is inadvisable to include these concepts in the set-up of accountance objects. The invidiousness of identification of the concepts of «land resources» and of «land» has been proved, as these concepts are related as general and private. It has been substantiated, that the land resources are the object of accountance, and the land property acts as a unit of accounting of land resources.

Article is written in Ukrainan


Mysiuk V. O.
The Quality of the Internal Control System in Accordance with the SOX Requirements (p. 306 - 312)

With regard to the actualization of problematic issues related to the inclusion of the domestic market in the open economy area, there is a question of assessing the quality of control environment of the companies represented therein. One of the ways to improve the reliability of the internal control system (ICS) is its assessment on compliance with the provisions of the Sarbanes Oxley Act (SOX). That is why the problematic issue for such companies today is the formation and provision of an internal control system policy that would allow managers of different levels to use a single document and would consider its periodic comprehensive assessment on the basis of an expanded list of control tests. The article substantiates the necessity to form an expanded set of tests for assessment of the ICS, which will help to identify its gaps and promptly take measures to prevent their occurrence in the future.

Article is written in Ukrainan


Akimova N. S., Toporkova O. V.
The Information Support of the Internal Control of Receivables and Accounts Payable (p. 312 - 317)

The article substantiates the necessity of organization of internal audit of receivables and accounts payable at the trade enterprises, which will allow the decision-makers to obtain confirmation of the validity of the accountance data. The theoretical substantiation of bases of monitoring together with necessity of its carrying out in the accountance system of accounts receivable and accounts payable was considered. The scheme on interaction of subjects of control has been proposed, in terms of which each of the examined subjects of control is in constant information interaction with other divisions. To effectively control the movement of debt, trade organizations are encouraged to use the forms of operational reporting developed as part of improving internal audit as a tool to enhance the efficiency of the internal control system.

Article is written in Ukrainan


Hrabchuk I. L., Laichuk S. M., Liakhovych H. І.
Outsourcing and Insourcing as Instruments to Build the Optimal Structure of the Enterprise’s Accounting Service (p. 318 - 322)

The article is aimed at determining the optimal organizational structure of accounting service in connection with the emergence of modern forms of accountance – outsourcing and insourcing. The approaches to interpretation of the organizational structure of the accounting service have been defined, as well as the main factors influencing its building in the current conditions have been identified. The basic criteria for the enterprise’s selection of outsourcing or insourcing in the course of construction of an accounting service structure have been provided. The peculiarities of organization of work at the enterprise-outsourcer depending on its territorial placement have been determined, that defines the model of accounting and the way of organization of information infrastructure. Prospect of further research is substantiation of determining the economic feasibility of the enterprise’s transition to the accounting outsourcing.

Article is written in Ukrainan


BUSINESS INFORM №12-2017

Berezhniy Y. B.
The Theoretical and Empirical Approaches to the Definition of Audit Risk (p. 365 - 369)

The risk category is one of the key factors in planning the audit and assessing its results. The article is aimed at generalizing the theoretical and empirical approaches to the definition of audit risk and methods of its reduction. The structure of audit risk was analyzed and it has been determined, that each of researchers approached to structuring of audit risk from the subjective point of view. The author’s own model of audit risk has been proposed. The basic methods of assessment of audit risk are generalized, the theoretical and empirical approaches to its definition are allocated, also it is noted, that application of any of the given models can be suitable rather for approximate estimation, than for exact calculation of an audit risk, as it is accompanied by certain shortcomings.

Article is written in Ukrainan


BUSINESS INFORM №1-2018

Voskresenska T. І.
The Outsourcing of Accountance: Essence and Peculiarities of the Spread in Ukraine (p. 254 - 259)

The article researches the essence and defines peculiarities of carrying out the outsourcing of accountance by both audit and consulting companies. The main tendencies of the outsourcing of accountance in Ukraine have been disclosed and the factors contributing to its spread have been analyzed. A simplified procedure of implementation of the outsourcing of accountance has been provided. The possible basic financial and non-financial advantages at using the outsourcing of accountance have been grouped and analyzed. The factors that significantly influence the cost of the outsourcing of accountance for economic entities have been systematized. The main groups of the outsourcing of accountance services have been named and their components have been allocated. The need for a legislative settlement of the transfer of responsibility for the quality of the indicators provided in accounting and reporting, from the management of the enterprise to the outsourcer of accountance has been determined.

Article is written in Ukrainan


Lukin V. О., Mаliarevskyi Y. D.
The Accounting Policy: Paradoxes of Implementation in Ukraine (p. 259 - 266)

The article is aimed at researching the contradictions associated with the use of the term of «accounting policy» in Ukraine. It is displayed that in normative documents the formulation of accounting policy does not always meet the requirements of the system of international standards. As a result, accounting policies are often being understand as the measures that are actually related to the accounting organization; an accounting policy is established not only for financial accounting and reporting, but also (not always justified) for the managerial and tax accounting. It has been proved that the current accounting policy has not only positive but also negative aspects for the national accounting system.

Article is written in Ukrainan


BUSINESS INFORM №2-2018

Mulinska H. V.
The Accounting and Procedure for Inclusion of the Cost of Transport Services in the Operating Costs of Trading Enterprises of the Retail Market of Oil Products (p. 204 - 209)

The article is aimed at presenting the order of including the cost of transport services in the initial cost of oil products at the time of their purchase by invoicing. The essence of «invoicing» of transport services is disclosed, the order of including the cost of transport services in the initial cost and cost of petroleum products by means of invoicing is illustrated. The conditions and risks of invoicing of transport expenses are clarified, features of the tariff setting for transportation of oil products by railway transport are researched. Prospective directions for further researches are: analysis of criteria of selection of the base of distribution of difference between planned and actual cost of transport services during the reporting period; search for automation of the invoicing process on the basis of automated accounting and reporting systems in the sphere of trade; examining of the invoicing process in the context of transfer pricing in the event that transport services are provided by one of the internal divisions of the enterprise of retail trade in oil products.

Article is written in Ukrainan


Laichuk S. M.
The Pricing of the Accountance Outsourcing Services (p. 210 - 214)

The article is aimed at determining the order of pricing of the accountance outsourcing services together with problematic issues accompanying this process. The main factors influencing the amount of fees for the accountance outsourcing services are considered: organizational-legal form of management, system of taxation and payment of VAT, number of economic operations, number of employees, type of activities, etc. The pricing models that can be used by the outsourcing company in determining the cost of the accountance outsourcing services are defined. The emphasis is made on establishing of a differential approach to customer firms in determining the cost of services by outsourcers. Prospect for further research is substantiating for determining the economic feasibility of transition of economic entities to the accountance outsourcing.

Article is written in Ukrainan


Gordopolov V. Y.
Assessing the Status of Organization and Accountance Methodology in Foreign Economic Activity of Enterprises (p. 215 - 223)

The article is aimed at assessing the current status of organization and accountance methodology of foreign economic activity of enterprises in the light of the need to change modern development objectives of foreign economic relations at both micro- and macro-levels. The modern tendencies of development of foreign economic relations of enterprises were researched in the context of influence of foreign policy on functioning of entities of foreign economic activity. The problematic aspects related to the conducting of foreign policy of the country are identified, ways of solving these issues, which are offered in various scientific sources, are analyzed. Ways of modification of accountance system have been determined in the context of influence of changes of tendencies of development of foreign economic activity on both micro- and macro-levels.

Article is written in Ukrainan


BUSINESS INFORM №3-2018

Storozhuk T. M., Burdeha K. O.
The Professional Judgement of Accountant in Determining the Composition of Non-Negotiable Tangible Assets in the Light of Harmonization with the IFRS (p. 271 - 275)

The need to expand the autonomy of enterprises based on the use of professional judgment by accounting workers in the formation of composition and determination of the objects of non-negotiable tangible assets has been substantiated. The general attributes of identification of the objects of non-negotiable tangible assets have been defined. With the purpose of adaptation of the national practice with the international standards, the authors prove the necessity of independent definition, in terms of the accounting policy of enterprise on the basis of professional judgement, approaches on reflection in accounting of spare parts and groups of the other non-negotiable tangible assets as stocks or as basic means; objects of the social and cultural sphere – as fixed assets or other non-negotiable assets; the right to transfer library funds to tangible or intangible assets. The main factors of object determination and composition of non-negotiable tangible assets have been determined on the basis of professional judgment.

Article is written in Ukrainan


BUSINESS INFORM №4-2018

Bezruchuk S. L.
The Transformation of the «Reliability of Information» Criterion in the System of Accountance (p. 256 - 260)

The article is aimed at defining the concept and criteria of reliability in the system of accountance. The falsification of reporting in today’s environment poses a serious threat to the stability of the current world system. That is why it is important to define approaches to assessing the quality of financial statements. Reliability is one of the most ambiguous categories of quality. Until now there is no clear understanding of reliability, there are no criteria for its definition and relationship with the quality of financial statements. It usually means either an objective display of the actual processes, or absence of errors. In accountance, however, this term has been transformed, which is evident particularly in view of the fact that its interpretation differs in various countries. If some consider reliable the information in the reporting, which is displayed on the basis of reliable documents, for others it can be not enough, so they can demand for a correct estimation of property and obligations, an inventory, absence of errors (both intentional and not intentional). The legislation of Ukraine in the sphere of accountance, which determines reliability as absence of errors and twists, is imperfect in this concern. At the same time, the category of «twist» is not considered anywhere

Article is written in Ukrainan


Krutova A. S., Nesterenko O. O.
The Prospects of Development of an Accounting System of Enterprises of Ukraine (p. 261 - 266)

The article is aimed at developing a multi-purpose integrated accounting system, which is able to provide information for calculating indicators of the integrated report for all sections and allows to expand the object composition of accountance. It is proved that the basis of information provision of the management of modern business is the priority perception of accountance as a producer of accounting-reporting information. It is substantiated, that for formation of the integrated reporting it is necessary to introduce into practical activity of economic entities a multi-purpose integrated accounting system which represents an integral accounting-analytical complex. The multi-purpose integrated accounting system includes a traditional accountance system and is complemented by environmental, social, and strategic constituents. The complex characteristic of ecological, social, and strategic accounting is provided, their methods are defined, and the information which they produce is systematized.

Article is written in Ukrainan


BUSINESS INFORM №5-2018

Riabchuk O. H., Matiiko O. O.
The Problems of Organizational-Methodical Approaches to Accounting of Receivables and Directions of Solution (p. 261 - 267)

The article systematizes the views of scholars on the interpretation of essence of receivables, the author’s own approach to the concept is formed. The necessity of effective organization of accountance in terms of enterprise’s accounts receivable with the purpose of ordering of information, transparency and reliability of the data on settlements with debtors is substantiated. The author reasons the relevance of carrying out audit of receivables to stimulate the company to more careful conduct of settlement operations, inventory of receivables, measures to recover it. The main problems of the organizational-methodical approaches to accountace of the enterprise’s accounts receivable are analyzed, also the possible directions of solving them are indicated.

Article is written in Ukrainan


Driha O. P.
The Advantages and Disadvantages of Application of the Asset Securitization Mechanism in the Context of Accountance (p. 267 - 272)

The article is aimed at defining the advantages and disadvantages of the asset securitization mechanism. Expediency of application of securitization of assets in Ukraine considering foreign experience is reasoned. The analysis of scientific works of foreign and domestic scholars for identifying and systematizing of views concerning advantages and disadvantages of application of the mechanism of securitization of assets is carried out. Lack of both the generally accepted definition of securitization and a general methodological base for the accounting of related operations is determined. The author provides both advantages and disadvantages of the asset securitization mechanism for such entities as: originator, investor, and the country as a whole.

Article is written in Ukrainan


Shyshkova N. L.
Analytical Instruments for Ensuring Security and Quality of Accounting Information (p. 273 - 280)

Reformatting and introducing of the newest practices of control-analytical activity with application of modern information technologies of processing of the accounting information becomes the basis for making optimal managerial decisions. The existing realities testify to the presence of problems in information security of accounting information, which reduces the confidence in the reporting by economic entities. The article considers the stages and sequence of implementing tasks of management and control over security and quality of accounting information as the basis of effective managerial decisions. The content of the stages of improvement of security and quality of the company’s accounting information is substantiated not only in order to identify threats, but also to determine the measures which can facilitate a more reliable reflection of results of financial-economic activity in the financial and tax reporting. The analysis of actual problems on detection, modeling and measurement of intensity of influence of unmanaged factors is carried out. It is proved that improvement of security and quality of accounting information will reduce the time for registration of operations, improve the system of documentation management, improve internal communication.

Article is written in Ukrainan


BUSINESS INFORM №6-2018

Chernikova I. B., Kvаshа O. O.
Managerial Accounting in the Unified Accountance System of Decision-Making (p. 323 - 328)

The article considers many researches in the field of organizing of managerial accounting, that makes it possible to assert that today among scholars there is no single point of view as to definition of managerial accounting, its functions, tasks, attitude to accountance, which, in turn, affects the efficiency of its implementation in the practical activities of Ukrainian enterprises. The main shortcomings associated with the lack of access to management data on strategically important processes occurring in the internal and external environment are defined. It is suggested to unite by segments the conceptual directions of development of today’s accountance through: introduction of managerial accounting; development of new scientific conceptions of accounting; improvement of domestic legislative base in the context of definition of accountance as a system in which accounting information is formed. Recommendations on the use of managerial accounting methods that provide planning and effective control in the implementation of proposed activities in the perspective are provided.

Article is written in Ukrainan


Kosata I. A.
The Primary Documents as Foundation of Accountance (p. 329 - 332)

The article is aimed at conducting a thorough analysis of the significant consequences for enterprise’s accountance, caused by the introduction of changes in the basic normative acts. The article also examines in detail the changes and their impact on accountance, since it is the primary documents most often make up the evidence base in case of litigation, because, although the primary documents are not the basic documents of accountance, in the decision of court cases they may be of the paramount importance. It has been proved that the harmonization of all legislative documents will help to avoid many disputes in court and facilitate the resolution of disputes concerning business activities.

Article is written in Ukrainan


Nazarova K. O., Hotsuliak V. D.
The Business Partnership of Enterprise: the Conceptual Approaches to Accounting Provision (p. 333 - 338)

The article researches conceptual approaches to the accounting provision of business partnership of enterprise. Its mission in terms of globalization and the European integration conditions of Ukraine (on macro- and micro-levels) is disclosed. At the macro-level, a business partnership is conditioned by the systematized indicators of the World Bank rating for 12 years. At the micro-level, the business partnership and the accounting system that provides it are analyzed in accordance with the needs of the owners and management of enterprise. Also, invariance of the term of «business partnership» is presented; researches in this direction are evaluated; inquiries of information consumers to the accounting system of business partnership of enterprise are disclosed. The graduation (distribution) of information consumers and their needs is displayed. It is determined that the key place in the accounting system of business partnership belongs to the contractual accounting at enterprise, as well as the principal aspects of such an accounting are disclosed. The necessity of correction of semantic filling of the accounting system of business partnership in accordance with the marketing conception (approach) to the management of enterprise is proved.

Article is written in Ukrainan


BUSINESS INFORM №8-2018

Nazarova K. O., Hotsuliak V. D.
The Tax Audit: Evolution, Trends, Conceptual Development Vectors (p. 118 - 123)

Evolution, etymology, modern trends and conceptual vectors of the tax audit development are researched. The comparative analysis of scientific schools, views and concepts was carried out. Different types and forms of both control and audit are disclosed; their correlation, conflicts and possible vectors of further differentiation are allocated. The generalizations of scientific opinions about the basic interpretations of the concepts of «tax audit» and «audit of taxation (of enterprise)» are presented. The emphasis is placed on the tax component of the audit type being researched. Special attention is given to the definition of causal relationship between requests of users of information (professional, non-professional) and the possibilities of different types of audit.

Article is written in Ukrainan


Kutsyk P. O., Polyanska O. A.
The Accountance for Ecological Decision-Making (p. 124 - 129)

The main prerequisites and factors influencing the process of formation and development of ecological accounting are considered; the possibility of discussion in terms of its theoretical, organizational and methodical aspects is critically analyzed and determined. The main advantages of ecological efficiency of company are allocated. The own definition of the concept of «accounting of ecological activity» is proposed. The main problems of accounting for ecological costs are identified and their classification by type of environmental activities is submitted. According to the research, an important aspect for ecological decision-making is information about the environmental consequences of the production and sale of the company’s products during their life cycle. The ways of improvement of the process of formation of the information necessary for decision-making of ecological character are determined.

Article is written in Ukrainan


BUSINESS INFORM №9-2018

Korinko M. D., Manko N. F.
The Cumulative Effect of the Local Auditor’s Judgments (p. 140 - 148)

The article is aimed at studying the influence of the local auditor’s judgments on the formation of independent audit thought and building a conceptual model for grouping the results of the local auditor’s judgments to form an audit report. The authors analyze interpretations of the concept of «auditor’s opinion» by individual scholars and consider expedient a normative fixation of this concept; the basic components on which the professional judgment of auditor is based are allocated and a generalized definition of the given concept is formulated; the stages of audit, which provide auditor with an opportunity to develop a professional judgment are considered together with the factors influencing its developing; the list of decisions, in the process of adoption of which application of a professional judgment is necessitated, is expanded; recommendations on application of individual procedures by auditors in the process of evaluation of the identified distortions of financial statements are proposed; a generalization of the results of the local judgments on separate components of audit process, which are carried out by auditor, is made and the place of professional judgment in the process of assessment of achievement of common audit objectives is defined; a conceptual model of generalization of results of the local auditor’s judgments is constructed.

Article is written in English


BUSINESS INFORM №10-2018

Khyl L. P., Vodolazska N. V., Bondarets O. M.
The Management of Audit Activity Both Abroad and in Ukraine (p. 273 - 278)

The choice of a conception of regulation of audit activity is based on determination of features of the State or professional organizations in implementation of audit activities, regulation of performers of audit, monitoring of their performance. In general, the world experience of regulation of audit activity shows that the development of self-regulation of profession allows to provide uniform requirements, conditions and quality of audit implementation in the territory of individual country when creating one self-regulating Audit association, endowed with appropriate powers, or several such associations, provided they develop common approaches and consolidate their profession. At the same time, the State regulation of auditing should not be waived. The above said leads us to the conclusion about a reasonable combination of the State regulation and self-regulation of the audit market that is necessary in order to maintain the balance of private and public interest in auditing and the development of auditor profession.

Article is written in Ukrainan


BUSINESS INFORM №11-2018

Shylga S. V., Novichenko L. S.
The Institute of Audit: Essence and the Main Components (p. 363 - 368)

The article is concerned with definition of influence of institutional economy on formation and development of the institute of audit in Ukraine. On the basis of exploring approaches of different authors and scholars to interpretation of essence of the concept of «institute of audit» the economic content of this concept is determined and the authors’ own definition is suggested. The necessity of researching the institute of audit in view of influence of various social, legal, political, economic and other institutes is substantiated. On the basis of the formulated definition of the concept of «institute of audit» the basic components of the mentioned institute are determined, levels of the institutional environment are allocated, and their characterization is provided. The necessity of researching the institute of audit as both science and practice in view of the features of formation of institutional environment of the auditing activity is scientifically grounded. The authors prove the interrelation of development of the institute of audit and the dynamism of change of the institutional environment which, basing on the formal and informal requirements, defines its structure and vectors of development.

Article is written in Ukrainan


Tsaruk V. Y.
Problems of Accounting Development in the Corporate Governance System (p. 369 - 374)

The urgency of conducting scientific researches in the field of accounting of corporate management has been grounded. Researchers’ approaches to understanding the relationship between accounting, corporate governance, corporate accounting and corporate reporting have been analyzed. The main problems of accounting of corporate governance have been allocated and analyzed. Interdependence between the quality of accounting information and the corporate governance system has been established. The role of using of creative accounting in the corporate governance system has been disclosed. The place of accounting in solving the agency problem, which arises in the conditions of corporate governance, has been analyzed. The dependence between the level of application of accounting conservatism, the chosen model of corporate management and the mechanisms used for its implementation have been grounded. The ways of improvement of accounting reporting in the direction of meeting the needs of corporate governance (improvement of financial reporting, formation of specialized and integrated reporting) have been allocated.

Article is written in Ukrainan


BUSINESS INFORM №12-2018

Lubar O. O., Tsurkan A. O.
The Peculiarities of Organization of Accounting in Agro-Holdings (p. 304 - 309)

The article substantiates the necessity of applying a special approach to the organization of accounting in agro-industrial companies. The necessity of improvement of accounting processes in agro-holdings for optimization of management of main production processes, performance, and timely responses to changes in the market environment is indicated. On the basis of analyzing, systematizing and generalizing the available scientific researches, the components of organization of accounting in agro-holdings are considered; the process of formation and transfer of the accounting information from the subsidiary to the parent company for the purpose of formation of consolidated reports is determined. The essential peculiarities of organization and record keeping for achievement of strategic objectives of the holding’s activity are summarized; the proposals on rationalization of accounting of agro-holdings in view of increase of their performance efficiency are systematized.

Article is written in Ukrainan


Krutova A. S., Semenets A. O.
The Normative-Legal Provision of Internal Audit: National Experience and World Practice (p. 309 - 316)

The article is aimed at systematizing the shortcomings of the national normative provision of internal audit (IA) and developing directions of their elimination with attention to the international experience of its regulation by implementation of related global developments in the national legal field. The structure of normative-legal provision of internal audit in Ukraine is proposed, consisting of four levels, with three macro-levels (international, national and sectoral) and one micro-level (corporate). Correspondence of the structure of both International and National Internal audit standards is identified. It is proved that for formation of an efficient internal audit service at enterprise the duly developed system of internal regulations of audit activity acquires paramount importance, that in the proposed structure of the normative-legal provision of internal audit corresponds to the micro-level. Expediency of formation of the normative-legal provision of internal audit of the corporate level is substantiated. The directions of further improvement of the normative-legal provision of the internal audit in Ukraine are presented.

Article is written in Ukrainan


Kovalchuk V. V.
The Guidelines for the Formation of Accounting Provision for the Management of Processes of Implementing a Concession Agreement (p. 317 - 322)

The article analyzes the works which constitute the basis of development of organizational guidelines of accountance of operations under concession agreement. It is determined that the problems of accounting of operations under the concession agreement were not raised in the domestic accountance. Arranging the information links is essential to establish a set of objects for the accounting display and the fulfillment of terms of a concession contract. An information model of interaction between the concessionary and the concessionaire is constructed, and a characterization of the specified information model is provided. The proposed model comprises: announcement of competition for participation in a project of public-private partnership, implemented in the form of concession; submission of documents for participation in the competition for substitution of private partner – concessionaire; conclusion of concession contract; transfer of the concession object; settlement of concession payments; obtaining financial results from performing the concession activity by private partner. It should be noted that an important component is identification of all possible objects of accountance at the stage of transfer of the concession object. In turn, the order of the accounting display at the newly created enterprise and at the existing one will differ.

Article is written in Ukrainan


BUSINESS INFORM №1-2019

Bezruchuk S. L., Seletska D. O.
The Problems of Investment Property Valuation According to National and International Accounting Standards (p. 279 - 283)

The current stage of development of domestic accounting needs a lot of attention, since there is a maximum approximation of national provisions to international. Particular attention is required to account for investment property as a specific non-current asset. The purpose of this article is to disclose information about the valuation of investment property and to discontinue the application of the fair value model, the accounting for the cost of property, plant and equipment, leased together with investment property, the independent valuation of investment property, and the accounting and financial reporting data about investment property. According to the results of the study, there was a discrepancy between Accounting standard 32 and IAS 40 and recommendations were made for the further application of this or that model of investment property valuation, which will help to accurately reflect the data in the registers of accounting and financial reporting.

Article is written in Ukrainan


Lukin V. О., Mаliarevskyi Y. D.
The Accounting Principles: Terminology Issues (p. 284 - 290)

The article is aimed at researching different approaches to the definition of the term of «principles of accountance». Different terms are used in the writings of domestic and foreign authors, as well as in normative materials of different countries. Most often these terms are not defined in normative documents, which complicates an understanding of their essence. The system of international accountance and financial reporting standards also uses two terms, «principle» and «fundamental assumption», without definition. Their analysis suggests that the term of «principle» is used in the case of an unconditional principle that is usable in all cases; the term of «fundamental assumption» is used in the case of an implicit principle which is not of a universal character. There is also no clear division of the terms of «principles» and «qualitative characteristics» in the system of international standards. As a result, the number and relationship of quality characteristics are constantly changing in different editions of the Conceptual framework for financial reporting. It is concluded that the basic terms of accountance need to be defined at the international level.

Article is written in Ukrainan


Usatenko O. V.
The Economic Analysis of Venture Funds in the System of Audit (p. 291 - 295)

Economic analysis is an integral part of the audit, because audit is an effective means of studying the activities of any subject, especially those engaged in the risky investment activities. Auditors in their activities should rely on the entire range of techniques and methods of economic analysis, which bears the function of evidence. Thus, the article is aimed at defining the directions of economic analysis of venture funds as part of audit in order to determine efficiency of their investment activities. The purpose of economic analysis of venture funds activity is defined, which consists in determination of efficiency of venture investments implementation, defining the directions and priority projects of investments, detection of the enabling environment for their implementation. The subjects of economic analysis of venture funds activity are defined, which include all users of analytical information, who are directly or indirectly interested in the results and achievements of investment activity of the funds. The stages of carrying out a complex system economic analysis of venture funds activity are determined. The analysis of existing methods of economic analysis of investment activity is carried out, their positive and negative sides are defined.

Article is written in Ukrainan


BUSINESS INFORM №2-2019

Fomina O. V.
The Modern Tendencies in the Development of Cost Accounting (p. 277 - 282)

The article is aimed at substantiating the modern tendencies in the cost accounting and identifying further directions of its development on the basis of analysis of innovative accounting systems in management of enterprise’s expenses. Problems and tasks regarding the cost accounting are illuminated, possible ways of their solution are suggested. An analysis of innovative systems of accounting in management of enterprise’s expenses is carried out. Tendencies in accounting are researched on the basis of use of the theoretical-methodological instrumentarium of the institutional economic theory. It is determined that management of enterprise cost accounting should be a continuous, operational process of generating the costs-related information using the instruments and methods that are driven by enterprise goals together with the opportunities for their application, which will help to make informed managerial decisions for rational use of limited resources and to achieve high economic result of enterprise. The innovations in cost accounting are systematized and further directions of its development are substantiated.

Article is written in Ukrainan


Miniailo V. P., Nezhyva M. O.
The Audit of Transfer Pricing in the Context of the European Integration and Globalization (p. 283 - 288)

The article is aimed at substantiating the theoretical and methodological provisions, as well as developing practical recommendations on improvement of organization and methodology of the audit of transfer pricing of enterprise in modern conditions, introduction of international experience and the wide application of information technologies. Relevance of the topic is substantiated by that the issues of organization and methodology of audit of the transfer pricing of enterprise are insufficiently developed. An analysis of special sources has allowed to assert that, in conditions of constant changes of the legislation and in connection with presence of probability of check by tax authorities and imposition of penalty sanctions on economic entity, the questions of audit of transfer pricing of enterprise are relevant to research. Features of functioning of enterprise necessitate the research of new methodological and organizational approaches to audit, as specificity of their activity imposes special requirements to formation of the information necessary for the accounting and control purposes of the audit of transfer pricing.

Article is written in Ukrainan


Voloshan I. G., Volkovska I. V.
The Peculiarities of Providing Consulting Services and Their Reflection in Accounting (p. 289 - 294)

In order to optimize activity, outsourcing companies are becoming more and more popular to transfer a certain process or receive consultations. Despite the prevalence in practice of this type of activity, the methodical bases of consulting services rendering and peculiarities of reflection of such process in accounting remain insufficiently considered. The article is aimed at developing methodical recommendations on rendering consulting services and their reflection in accounting. The result is consideration and generalization of methodical bases of the process of providing consulting services with clarification of its stages. The options of accounting for the provision of consulting services depending on the nature of the consulting product are allocated. The content of the report on providing consulting services is suggested. The given methodical bases of the process of rendering of consulting services and the report on rendering of consulting services allow to systematize the consulting product in accordance with the essence of the client’s order. Prospect for further research is the development of technology for reflecting the business processes that arise in the provision of consulting services in the accounting computer systems.

Article is written in Ukrainan


Tychyuk T. O.
The Methods of Evaluation of Accounting Objects at Business Unification and Transition to IFRS (p. 295 - 301)

The article is aimed at studying the main methods of evaluation and determining the variability of their application depending on the accounting system and the accounting object. Despite the available numerous studies of methods of evaluation and their application, there are considerable difficulties in the formation of common approaches to the evaluation of elements of financial statements and accounting objects, which would take attention of the conditions of business unification and transition to IFRS. The current inaccuracies and contradictions in formation of the uniform scientific-methodical approach to evaluation of accounting objects are allocated, grouped by the elements of financial reporting. The scientific-methodical approach to evaluation of accounting objects, grouped by the elements of financial statements, which takes into view the requirements of IFRS and peculiarities of the process of business unification and transition to IFRS, is proposed.

Article is written in Ukrainan


BUSINESS INFORM №3-2019

Karpushenko M. U., Shakhverdyan D. S.
The Integrated Reporting as a Source of Evaluation of Enterprise Performance (p. 265 - 269)

The article is aimed at analyzing the integrated reporting, its purpose and role in the today’s society. The integrated reporting includes two components: financial and social. The importance of social and ecological priorities for leadership comes to the fore, as attention and efforts made to solving social problems give confidence that the business is reliable, sustainable, and attractive. Given the special focus of the integrated reporting, the interests of users and their information needs are considered. Features of international standards of the integrated reporting and the list of issues they cover are analyzed. Features of application of the integrated reporting in Ukraine are considered, in particular the report on management is detailed. The possibilities of expansion and concretization of the report on management are defined with regard to the purposes of users through professional dialogue between social responsibility specialists, financial directors, accountants and auditors within the limits of the business structure as such.

Article is written in Ukrainan


Kyrylieva L. O., Shekhovtsova D. D.
The Modern Conception of the Regulators for Organization of Accountance (p. 270 - 275)

The article considers the activity of global and national regulators for organization of accountance, the founders of which are the Council on International Accounting Standards, issuing the international financial reporting standards (IFRS), and the Board of Financial Accounting Standards of the United States, the result of which is the U.S. Generally Accepted Accounting Principles (GAAP). The main characteristics of the US accounting regulators are defined. The main tasks of the regulators for organization of accountance at the international level are researched. The existence of different models of transition to IFRS, characterizing the international standardization of accounting and the processes associated with it, is clarified. The role of national regulators of accountance and financial reporting in Ukraine is defined and their founders are considered. The tasks and participants of the Memorandum on cooperation and coordination of actions on application of the International Financial Reporting Standards in Ukraine are analyzed. The authors carry out a research on the main clauses of the law «On amendments to the Law of Ukraine «On accountance and financial reporting in Ukraine» regarding improvement of certain provisions» as the main regulatory document for bringing the norms of national legislation on accountance and reporting in accordance with the provisions of the European Union legislation, which will increase the transparency of financial statements and help to obtain a credible, comparable accounting Information.

Article is written in Ukrainan


Semenets A. O.
Formalizing the Categorical-Terminological Apparatus of Internal Audit at the Trade Enterprises (p. 276 - 285)

The article is aimed at systematizing and generalizing of existing approaches to interpretation of the concept of «internal audit» for formalization of the categorical-terminological apparatus of internal audit. By comparing the main characteristics of internal audit and internal control, it has been proved that internal audit functions are much broader than internal control functions. Both the internal and the external audit are compared and their significant differences are grouped. It is substantiated that in modern scientific researches in definition of the term of «internal audit» scientists adhere whether to system, or functional, or activity approaches. It is proposed to take into view the process specifics of the enterprise’s activities in determining the concept of «internal audit» and understand it as the initiated by the top management of company and implemented by the specialized department, permanent process of detection, measuring, registration, accumulation, generalization and monitoring of the past, current and strategic consequences of activity of economic entity.

Article is written in Ukrainan


BUSINESS INFORM №4-2019

Gryn V. P.
Crises in Accountance: Strategic Aspect (p. 261 - 267)

The article is aimed at allocating the types of crises in accountance and substantiating the features of the functional crisis of the accounting system that is used for forming strategic information. The paradigm shift model by Th. S. Kuhn and the model of global information crisis, allowing to allocate structural components of the functional crisis in accountance, are used. There are two types of crises in accountance - crisis of accounting science and crisis of accounting practice. It is substantiated that the existing crisis of the accounting system is characterized by the «information hunger», i.e. lack of sufficient information necessary for making managerial decisions by both internal and external users. It is determined that the ability to adequately respond to new requests from the part of an accounting system (subjects of management and organization of accounting) depends directly on the functionality of such a system. In order to overcome the existing crisis of the accounting system, the need to expand its functional capabilities by introducing еру theoretical-methodological accounting innovations is substantiated.

Article is written in Ukrainan


Koshchynets M. I.
Evaluating the Status and Problems of Functioning of the Internal Control and Audit in the Bodies of Public Sector (p. 268 - 273)

The article is aimed at studying and analyzing the current status of the internal financial control in the bodies of public sector. A number of measures are outlined, which are already implemented for the formation of an effective system of the State internal financial control in accordance with the internationally recognized standards. An attempt of a complex research of components of the internal control system is also made, namely, the definition of managerial accountability and responsibility of heads of budgetary institutions. The information on the status of functioning of the internal control in ministries, other centralized executive bodies, regional State administrations in the context of elements of the COSO model (the internationally recognized structure of internal control) is analyzed. The carried out research concludes that for the time being there are shortcomings both in the implementation of the integrated system of internal control under the article 26 of the Budget Code of Ukraine, and in the implementation of internal audit activities in the ministries and other centralized executive bodies. A number of problems are allocated, which must be solved in order to build an effective and reliable system of internal control in the bodies of public sector, ways of overcoming these problems are suggested.

Article is written in Ukrainan


Panchenko O. D.
The Influence of Features of the Agricultural Sector on Managerial Accounting (p. 274 - 279)

The article is aimed at identifying features of activity of agricultural sector entities, which can influence the construction of managerial accounting and formation of management information. A number of methods were used during the research, namely: method of analysis and synthesis; classification and analytical method; abstract-logical method. The theoretical-methodological basis of the research are the works of domestic and foreign scholars on the issues of managerial accounting. The factors influencing the building of managerial accounting in the agriculture are considered. A characterization of the organizational system of managerial accounting of entities of economic activity is provided on the basis of the purpose of managerial accounting and tasks of the management system. The influence of the features of the agricultural sector on managerial accounting and on activity of enterprise is defined. Prospect for further research is improving the theoretical-methodological aspects of managerial accounting in the agricultural sector.

Article is written in Ukrainan


Semenets A. O.
Forensic Audit as an Efficient Means of Crisis Management of Trading Activities (p. 280 - 287)

The article proposes to introduce into the accounting theory the concept of «forensic audit», which should be understood as the process of studying company’s reporting and economic operations in order to develop measures to respond, manage and prevent fraud on the basis of expert judgement. In view of the scholars’ developments it is proved that forensic audit is not a separate means of control of economic-legal aspects of economic activity, therefore specialists in forensic audit should have complex knowledge in the spheres of: accountance and auditing; economic and financial crimes; modern information-communication technologies, psychology and other social sciences; criminology and deviantology. As a result of comparison of the main features of external audit, internal control and forensic audit (as an element of system of internal audit), it is proved that forensic audit is perspective and can be used to identify anomalies by establishing compliance of events of financial strategy and modeling deviations of the predicted results from the basic financial strategy. Research on the purpose of forensic audit, its subject, objects, normative base, periodicity of conducting and other essential characteristics is proposed to be performed at trading enterprises within terms of the authority of internal audit department. In order to prevent problems related to infringement of property of a trading enterprise and its improper use, as well as to collect evidence on the already accomplished violations, it is suggested to use the developed algorithm of identification of economic crimes in the system of forensic audit.

Article is written in Ukrainan


Zinkevych A. V.
Taxation of Enterprises in the Beer Industry: The Accounting-Methodical Aspect of the Formation of Tax Invoices with Value Added Tax (p. 287 - 293)

In the article the general and special conditions of taxation of enterprises in the beer industry are researched, their main advantages and disadvantages are highlighted. Considerable attention is paid to the practice and problems of taxation with value added tax of enterprises in the beer industry. The modern features of formation and registration of tax invoices are substantiated. The methodical aspects of improving the accounting of VAT at an enterprise in the beer industry are proposed. It is proved that for the correct analysis of the status of the calculation of VAT it is advisable to use advances accounts. Enterprises in the beer industry are suggested to use the structural and logical model of audit of procedures for the formation and registration of tax invoices with VAT, taking account of the criteria for blocking tax invoices by the tax authorities.

Article is written in Ukrainan


Fomina O. V., Avhustоva O. O.
The Accounting of Logistic Costs for Management Purposes (p. 294 - 299)

The conducted research is concerned with issues of accounting of logistic costs of enterprises. The main problems, present in the system of accounting of logistic costs are defined as follows: absence of definition of logistic costs and their classification at the legislation level, also absence of recommendations regarding the methods of costing and organization at enterprise. The essence and existing approaches to classification of logistic costs for management purposes are analyzed. For the purpose of information support of managers of different levels, an analysis of scientific researches on reflection of costs of logistic activity of enterprise in the system of accounts of accounting is carried out. Popular methods of costs calculation are defined on the basis of the international practice, taking into view logistic strategy of enterprise. The authors consider the possibility to organize accounting of logistic costs in the context of responsibility centers at enterprises that would help to improve the system of accounting of logistic activity.

Article is written in Ukrainan


BUSINESS INFORM №5-2019

Ahaverdiieva K. F., Ivanisov O. V., Lebedinska O. S.
Social Audit in the Theoretical Field of Social Responsibility (p. 157 - 161)

The aim of this work is to justify the need for conducting social audits in domestic enterprises. The relevance and necessity of conducting social audits in the context of corporate social responsibility is substantiated. The theoretical justification of the concept “social audit” is investigated. Features of conducting social audit in certain subsystems of the social and labor sphere are summarized with consideration for peculiarities of foreign experience. Prospects for further research at the level of analysis is studying the features of organization of social audits at implementing business activities by modern enterprises. In respect of the applied aspect, the specific mechanisms and technologies of social audit still remain insufficiently studied.

Article is written in Ukrainan


BUSINESS INFORM №6-2019

Honcharuk S. M., Pryymak S. V.
Impact of the Internal Audit Organization on Efficiency and Full Payment of Taxes in Ukraine (p. 188 - 193)

The article deals with necessity of strengthening the role of internal audit as a function of enterprise management, which contributes to increasing the responsibility of enterprise officials related to paying taxes and payments to the budget. Ukraine is frequently faced with the problems related to completing of the revenue part of the State budget in terms of taxes. Internal audit is one of the factors that promptly helps to identify errors and fraudulent actions. The authors carried out the analysis and research of foreign and domestic scientists in the field of internal audit. Special attention is given to the analysis of revenues of the state budget of Ukraine for 2016–2018 and data of the State Fiscal Service related to the revealed abuses by taxpayers are analyzed. A large number of additional charges showed the necessity to look for additional actions in order to prevent abuse. It was proved that one of such instruments is internal audit. In case of increasing financial flows and number of operations, the need for its implementation will grow. The authors proposed to use the experience of The Committee of Sponsoring Organizations of the Treadway Commission, which developed a model of internal control. Our domestic business can evaluate its own management and control systems using this model.

Article is written in Ukrainan


Nazarenko I. М., Nazarenko A. V., Sokolenko L. F.
The Organizational-Methodical Bases for Auditing of the Enterprise’s Liabilities and Collaterals (p. 194 - 201)

The article is aimed at substantiating the organizational-methodical bases of auditing of the enterprise’s liabilities and collaterals. The parameters of the above mentioned bases should comprehensively substantiate the ways in which the objective of an auditing be met, clearly identify audit procedures at each stage of an audit inspection, allow the formation of an acceptable and sufficiently evidence-based framework that will be reflected in the documentary data, the important elements of which will be summarized in the Auditor's Report and presented to the relevant authorities. It is argued that against the background of the unstable financial situation of Ukraine’s enterprises, the increased dependence of business entities on the external sources of financing, the issue of assessing the impact of the actual size of liabilities and collaterals on the continuity of functioning of business entity becomes relevant. A contextual consideration of the continuity assumption implies the mandatory use of the audit procedures, which necessitate the calculation and assessment of indicators, which characterize solvency and financial stability.

Article is written in Ukrainan


Krivtsova Т. О.
Improving the Audit of Enterprise’s Liabilities (p. 201 - 209)

The article is aimed at developing theoretical provisions and elaborating methodical approaches together with practical recommendations directed towards improving the audit of the enterprise’s liabilities. Analysis and research of scientific and practical literature, as well as the standards that regulate audit of financial reporting, allowed allocating the features of formation of the methodology of auditing the liabilities of enterprises. Some components of the methodical provision and the methodology of auditing the enterprise’s liabilities are reflected. The stages of audit are generalized; the audit procedures as the content components of the plan of audit of the enterprise’s liabilities are defined. Achievements as to the specifics of formation of the methodology for auditing the enterprise’s liabilities at the current stage of development of the audit activity in Ukraine, in particular, approaches to defining the order of auditing the long-term enterprise’s liabilities and the short-term enterprise’s liabilities, are systematized. Separately presented is the algorithm of methodology of audit of the current liabilities of enterprise. As a result of the analysis of scientific papers and legislation, both national and international, it is proposed to improve the comprehensive methodology of auditing the enterprise’s obligations, the content of which is to carry out the agreed audit procedures in accordance with verification of the following allegations on obligations: existence, rights and responsibilities, onset, complete reflection, evaluation and distribution, accuracy, classification and clearness. Practical implementation of the results of the research will optimize the work of auditors during the audit of the enterprise’s financial reports in general and liabilities in particular. In this regard, it makes sense to focus further elaborations on the studying the advanced practices of the developed world countries and the global tendencies in the audit of the enterprise’s liabilities.

Article is written in Ukrainan


BUSINESS INFORM №7-2019

Chepets O. H., Kinebas I. Y.
The Ways to Improve Accounting and Auditing of Labor Payment Calculations (p. 225 - 230)

The article is aimed at researching the problem areas of accounting and auditing of labor payment, identifying the directions of improvement. The role of wages is substantiated in order to fully understand this process, and a definition of wages is provided. The existing shortcomings and problematic issues in the accounting of labor payment calculations are covered in the following planes: the impact of the legislative framework, the laboriousness of the process, the primary documents, the automation of accounting and the need to monitor operations. The article considers the main ways to improve and simplify the process of wages accounting for each problem identified. It is substantiated that the considered problems of accounting for labor payment are relevant, and their solution will help to ensure an improvement in the quality and reliability of accounting data. Possible directions to improve the audit of labor payment settlements are identified, along with disclosing their substance, value and sources of implementation. The main ways to improve auditing are associated with the methodology of the audit, the qualifications of auditors, the level of economic shadowing, the creation of internal audit departments, conduct of thematic auditing, legislative reform, etc. The topic of further research related to the social aspect of the accounting apparatus and the workers in the audit sphere has been chosen.

Article is written in Ukrainan


Izmaylov Y. O.
Developing the System of Accounting and Taxation of Operations with Securities (p. 231 - 239)

The article is aimed at generalizing the problems of the Ukrainian securities market and elaborating proposals as to development of the system of accounting and taxation of operations with securities. Interpretations of categories such as «securities», «financial investments», «financial assets» and «financial instruments» for application in accounting and taxation are presented. A generalized classification of securities for the accounting and taxation needs is provided. The peculiarities of functioning of the Ukrainian stock market and the relations arising in the placement, turnover of securities and the implementation of professional activities in this sphere are defined. Strategic directions for development of the securities market in Ukraine are proposed. The main problems of accounting and taxation of operations with securities are identified and grouped together in the areas of solving the main problems of such accounting and taxation. The procedure for reflecting operations with securities in the accounting accounts is substantiated and the specifics of their taxation are defined. Ways to improve accounting and taxation of operations with securities are proposed, which will create transparent and clear rules for investors and stakeholders. The positive impact of the provided recommendations on the information-analytical provision of enterprises and the economy of Ukraine as a whole is substantiated.

Article is written in Ukrainan


BUSINESS INFORM №8-2019

Kashperska A. I.
The Technological Instruments to Model the Internal Control System of Restaurant Enterprises (p. 143 - 149)

The article is aimed at studying the current status of the information technology market in Ukraine and the features of existing software products for automation of internal control, as well as making proposals as to improving the methodology of implementing control when using technological modeling instruments. The most common software products designed for auditing and internal control are analyzed. It is determined that most of them do not cover all the tasks related to the internal control of activities of enterprises in the restaurant industry. It is defined that the operation of an automated internal control system should facilitate the performance of basic functions: estimation of significance of errors, monitoring, foresight and forecasting. It is substantiated that the main direction of automation of control of restaurant enterprises is to develop a clear sequence of inspections. An algorithm for the automated implementation of internal control is proposed, the application of which involves the creation and introduction of a separate module.

Article is written in Ukrainan


Popivniak Y. M.
Cybersecurity and Protection of Accounting Data under Conditions of Modern Information Technology (p. 150 - 157)

The rapid development of information technology and its introduction into accounting practices have jeopardized the security of accounting data circulating in cyberspace and brought to the fore the problems of defining measures to increase their cybersecurity. The article is aimed at disclosing the current status of such security, as well as identifying cyberthreats in the sphere of use of accounting information, and defining the means for its protection against theft, damage or loss in cyberspace. Based on an analysis of statistics published in both domestic and foreign studies, the status of cybersecurity in the world is described according to various indicators, the main sources of cyberthreats for accounting information at enterprise, as well as situation with cybercrime in Ukraine are discussed. The approaches of scholars to grouping the cyberthreats are systematized and the preconditions for the emergence of these threats for accounting information both in general and in the introduction of separate technologies that are promising for use in accounting are formulated. The construction of a system of measures to ensure the cybersecurity of accounting information at enterprise, based on the use of common and specific means of protection of organizational, technical, personnel and legal nature, is substantiated. Prospects for further research in this direction are determined as search for criteria plus assessment of the success of implementation of the measures to protect accounting information and ensure its cybersecurity.

Article is written in Ukrainan


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