DIFFERENCE BETWEEN FUNCTION AND PROCEDURE IN ACCOUNTING
Journal Title: The Institute of Accounting, Control, and Analysis in the Globalization Circumstances - Year 2016, Vol 1, Issue 1
Abstract
Introduction. The importance of the article is under the aspect of its relevance due to the lack of modern accounting theory, which lacks not only the interpretation of the essence of its procedures, but any mention of their practical application, which often leads to the substitution of concepts, when the function is interpreted as a procedure, and vice versa. Moreover, the determining of the entity's accounting policies as a set of principles, methods and procedures used for compiling and presenting financial statements, except for the fact that they is too general. Purpose. The object of the study was the understanding of the essence of deductive interpretations of accounting functions and implemented accounting procedures in the processing of the primary documentation, its group and display the data in the accounting registers. As a result, the author formulated understanding of the differences of functions and accounting procedures. Methods. The monographic, causal (causal relationship) methods are employed in this article. Results. In particular, it is pointed out that an error in the separation of these concepts derived from the presence of a rather fragile barrier between the first and the second. As an example can serve the function kolatsii that the modern textbooks reduced to the level of simple mutual control activities financially responsible persons, the establishment of the identity of the calculation of agents and contractors, and so on. N. In fact this is one of the main accounting functions, which is a component of its control, that too, in recent years, ignored the mistaken belief that it is he is alien, as in modern conditions control is carried out by internal and external auditors At the same time, there are procedures for comparison, reconciliation, data harmonization of analytical and synthetic accounting arising from its control function, because otherwise they lose their meaning. Discussion. The study provides allocation kolatsii like one of the main functions of accounting, consistent with the approach of the classics of his theory, and suggested improvement of its application using accounting procedures that are recommended to carry out with the help of computer processing of the results that stand out from the general population, because a continuous process for their test is too expensive, and the most important is unbearable because of the sharp increase in the number of transactions, particularly in large enterprises. So often it leads to significant costs, since the associated routine and monotony through a focus on small monitors violations not detect significant losses. However, the studied problem is too complex and multifaced that it can be resolved in a separate article. And with its practical and theoretical significance it requires urgent investigations that might be promising.
Authors and Affiliations
PetrŠ¾ Khomyn
Keywords
Related Articles
- EP ID EP184876
- DOI -
- Views 201
- Downloads 0
FEATURES OF METHODOLOGY COSTING AT THE ORE MINING AND PROCESSING ENTERPRISES
Introduction. The main condition for the effective management of industrial enterprise in the market economy is the completeness, accuracy and timeliness of information about its financial and operating activities. At th...
RISK MANAGEMENT AND THE CONCEPT OF RISK-BASED INTERNAL CONTROL
Introduction. This article summarizes the theoretical development of domestic and foreign scientists on the content category "risk" and risk management in the enterprise. The necessity of improving risk management from t...
ACCOUNTING SUPPORT IN QUALITY MANAGEMENT OF AGRICULTURAL LAND
Introduction. Effective quality management of agricultural land largely depends on an integral, efficient system of accounting support for the formation of information on their presence, use, and restoration. However, th...
LOGISTIC COSTS OF MANUFACTURING ENTERPRISES AS OBJECTS OF ACCOUNTING AND CONTROL
The article provides a scientific analysis of the recognition of the composition of logistics costs and their grouping. The relevance and the need to optimize the management of logistics costs as an object of the manufac...
INSTITUTIONAL FOUNDATIONS OF AUDIT QUALITY AND AUDIT ACTIVITIES IN UKRAINE
Introduction. The quality of the audit in modern conditions has a significant impact on the level of trust in the data generated by the accounting system. The accuracy and reliability of assessing the financial condition...