RESTRUCTURING AND REORGANIZATION OF THE ENTERPRISE: LEGAL PROVISION AND REFLECTION IN THE ACCOUNTING SYSTEM
Journal Title: Сталий розвиток економіки - Year 2017, Vol 35, Issue 2
Abstract
Purpose. The aim of this theme is to deepen the theoretical foundations and develop practical recommendations on the issues of restructuring and reorganization of enterprises, their legal provision and reflection in the accounting system Methodology of research. The following general scientific and special methods are used in the process of the research, in particular: induction and deduction, theoretical generalization, monographic – in the study of scientific sources, in the study of legislative and other regulatory and legal acts on restructuring and reorganization of enterprises, their organizational, legal and accounting provision; system and analytical approach and system analysis – when considering structural elements, directions and measures of restructuring and reorganization of enterprises; abstract and logical – for generalization of theoretical positions, formation of conclusions and proposals. Findings. It is established that restructuring is an urgent and necessary process in the activities of business entities in a changing economic environment. It is an effective way of removing the contradictions of business entities between market requirements and outdated methods of activity to create a fully competitive functioning of the economy on domestic and international commodity markets. The essence of the concept of “enterprise restructuring” as the process of carrying out organizational and economic, financial and economic, legal, technical measures aimed at reorganization of the enterprise is substantiated. The forms of restructuring are defined depending on the nature of the applied measures: restructuring of production; asset restructuring; financial restructuring; corporate restructuring (reorganization). The essence of the concept of “reorganization” as a process of termination of a legal entity (economic partnership), accompanied by a general succession in forms: transformation, merger, accession, division and allocation, is characterized. The key provisions for keeping records of the activities of enterprises during the period of their reorganization are formed. Originality. The main tasks and measures in the process of operational and strategic restructuring of the enterprise, aimed at solving liquidity problems, significant improvement of activity results and competitiveness of the enterprise, are determined. Practical value. Operational restructuring measures implemented in the short-term period (3-4 months) are substantiated, when the company can not rely on external sources of financial assistance and solves the issue for increasing its liquidity, first of all, due to internal reserves. The programmatic measures of strategic restructuring, which aims to create adequate conditions within the enterprise to achieve its strategic goals, are defined in the article. The main aspects for keeping records in the period of reorganization are characterized.
Authors and Affiliations
Oleksandr Kundeus, Nataliia Zarudna
Keywords
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