MONETARY ACCOUNTING THEORY: PRACTICAL ASPECTS AND METHODOLOGICAL SUPPORT
Journal Title: The Institute of Accounting, Control, and Analysis in the Globalization Circumstances - Year 2016, Vol 2, Issue 2
Abstract
Introduction. The article deals with practical aspects of the monetary theory of accounting, the basic content of which is in the system considering the issues of formation of the accounting and reporting information on the accumulation, distribution and redistribution of financial resources of the organization. As a result, data is displayed as real money ensuring all elements of equity and liabilities, and of the monetary (money) component of the valuation of assets, which shows the extent of the payment in cash of an asset, as well as the sources of these funds. The purpose of the study, the results of which are presented in this article is to develop a method of accounting software management and control processes of accumulation and redistribution of financial resources, which is implemented with the use of sub-accounts system, opened to the accounts of cash, which reflects the process of receipt of funds to the organization and their distribution between potential owners (government, suppliers and other creditors, credit and financial institutions, employees, owners of the organization), in accordance with the proportions of economically justified. Results. Later on the same sub-accounts shall reflect the information on the actual use of funds received. The article also sets out the methodological foundations of monetary valuation of the assets directly to the stage of the registration information. In carrying out the study used methods of analysis, synthesis, grouping, ummarizing, and special accounting methods. Discussion. As a result, the practical use of the proposed recommendations is achieved by improving the quality of accounting and reporting information, the possibility of expanding the financial situation analysis and improves the accuracy of the conclusions formulated, as illustrated in the current material.
Authors and Affiliations
Dmitri Pankov, Ludmila Makhanko
Keywords
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