Information support of the enterprises’ financial management
Journal Title: Наукові горизонти. Scientific Horizons - Year 2018, Vol 68, Issue 5
Abstract
In market conditions, the significance of the formation of financial results in the development of the enterprise, therefore, plays an important role in defining the accounting and control of income and expenditure both in the system of financial and in-farm accounting of each enterprise. The article examines the concept of the essence of financial results in domestic normative legal acts, the interpretation of the content of financial results of enterprises in international accounting practice. It is substantiated that the most widely used in the international practice was the approach according to which the financial result is treated as the difference between the income and expenses of the enterprise, taking into account adjustments for the amount of changes in inventory balances and work in progress during the reporting period. In turn, most domestic scientists consider the financial result as a result of the comparison of income and expenses of the enterprise. The current problem regarding the accounting of financial results for today is the lack of any classification of financial results in legal acts. The most detailed financial results of the enterprise are reflected in the form No. 2 "Statement of financial results (statement of joint income)". As a result of the survey, according to statistics, in 2016, 73.4% of Ukrainian enterprises received profits, while 26.6% of enterprisesmadelosses. At the same time, taking into account the size of enterprises, 65.8% of large enterprisesreceived profits, 76.1% of medium-sized enterprises, 73.3% of small and 72.3% of microenterprises. One of the directions of improving the information support of financial results management is the automation of the accounting process. It is proposed to use modern domestic software products "MASTER: Accounting"for the accounting of financial results at the enterprises.
Authors and Affiliations
L. Sulimenko, A. Kiyan
Keywords
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- EP ID EP631625
- DOI 10.33249/2663-2144-2018-68-5-52-59
- Views 63
- Downloads 0
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