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Accounting for Revenues and Financial Results of Performance
Averkyn Y. F.

Averkyn, Yakiv F. (2019) “Accounting for Revenues and Financial Results of Performance.” Business Inform 11:282–289.
https://doi.org/10.32983/2222-4459-2019-11-282-289

Section: Accounting and Auditing

UDC 658.3.07

Abstract:
Consideration of accounting for revenues and financial results of performance will help to build a system of reliable information, which is fundamental in managerial accounting. The author considers the specifics of accounting for revenues and financial results of performance at enterprises in the brewing industry. The article indicates that the brewing enterprises take into account the income from the core activity and revenues from other operating activities. Proceeds from core activities at breweries include revenues from the sales of their basic products (beer, kvass) produced at these enterprises and accounted for by the 70th and by the 701st sub-account of accountance. The author presents a dynamic analysis of the revenues and financial results of the brewing industry enterprises (JSC «Opillya», «Riven LTD», PJSC «Slavutskyy pyvzavod»). Upon the basis of the carried out dynamic analysis of revenues from production sales, other operating income and the enterprise’s operating performance, the author was able to trace the dynamics, positive changes in indicators, specifics the enterprise’s activities and determine whether it works efficiently. However, such information is not comprehensive enough for managerial accounting. For it is quite difficult to understand which types of products are profitable and which are not. Since managerial accounting is aimed at determining the efficiency of production and economic activities, the brewery industry enterprises need to clearly spell out in the order on the accounting policy the specifics of income and expenditure accounting as to the responsibility centers, thus assisting to define the financial result in the process of sale of products for each of its kinds. It will also help to identify and eliminate bottlenecks, ensure an increase in the profitability of products. The article discloses the features of automation of the accounting for revenues and financial results of performance and analyzes the features of existing software products.

Keywords: revenues, financial results, managerial accounting, efficiency.

Tabl.: 4. Bibl.: 10.

Averkyn Yakiv F. – Postgraduate Student, Department of Accounting and Taxation, Ternopil National Economic University (11 Lvіvska Str., Ternopil, 46020, Ukraine)
Email: [email protected]

List of references in article

Averkyna, M. F., and Averkyn, Ya. F. “Avtomatyzovani informatsiini systemy u vedenni upravlinskoho obliku na pidpryiemstvi“ [Automated Information Systems in Management Accounting at the Enterprise]. Novi informatsiini tekhnolohii upravlinnia biznesom. Kyiv, 2019. 8-11.
Bilukha, M. T. Teoriia bukhhalterskoho obliku [The Theory of Accounting]. Kyiv: ZAT «Kyivska knyzhkova fabryka», 2000.
Bukhhalterskyi upravlinskyi oblik [Management Accounting]. Zhytomyr: Ruta, 2002.
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Derii, V. A. Vytraty i dokhody pidpryiemstv u systemi obliku ta kontroliu [Costs and Revenues of Enterprises in the Accounting and Control System]. Ternopil: Ekonomichna dumka, 2009.
Zadorozhnyi, Z. V. Vnutrishnyohospodarskyi oblik u budivnytstvi [Internal Accounting in Construction]. Ternopil: Ekonomichna dumka, 2006.
“Mizhnarodnyi standart bukhhalterskoho obliku 18 (MSBO 18). Dokhid“ [International Accounting Standard 18 (IAS 18). Income]. https://zakon.rada.gov.ua/laws/main/929_025
[Legal Act of Ukraine] (1999). https://zakon.rada.gov.ua/laws/main/z0860-99
Pushkar, M. S. Finansovyi oblik [Financial Accounting]. Ternopil: Kart-blansh, 2002.
Yukhymenko, P. I., and Leonenko, P. M. Istoriia ekonomichnykh uchen [History of Economic Thought]. Kyiv: Znannia-Pres, 2002.

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