IMPROVING THE METHODOLOGY ACCOUNTING FOR SETTLEMENTS WITH BUYERS AND CUSTOMERS
Journal Title: Економічні студії - Year 2018, Vol 4, Issue 22
Abstract
The issues of the accounts receivable reflection in the system of accounts that requires the improvement of existing regulatory documents and, in particular, the Instruction for the application of the Chart of Accounts for the accounting of assets, capital, liabilities and business transactions of enterprises and organizations are considered in the article. The difference in certain terms "buyers" and "customers" is proved, which, in turn, requires the opening of separate sub-accounts for their accounting. The proposals on the reflection of commodity exchange transactions and operations with give-and-share raw materials on sub-accounts of the second order, which should be reflected in the Work Plan of the accounts of the enterprise, are given. It should be noted that the terms "buyer" and "customer" are found in many regulatory legal acts of Ukraine that regulate certain industry aspects of activities. However, there are no such concepts in ANS, which leads to economic and legal inaccuracies in contracting. Instruction on the application of the plan of accounts for the accounting of assets, capital, liabilities and business operations of enterprises and organizations is also obsolete and the designation of sub-accounts reflecting the groupings of information on debtors does not correspond to the realities of life. The implementation of these proposals will improve the grouping of information on the composition of receivables and facilitate the adoption of optimal management decisions to regulate it.
Authors and Affiliations
I. M. Klimovich, A. V. Schcherbak
Keywords
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