SOME ASPECTS OF THE METHODOLOGY AND ORGANIZATION OF ACCOUNTING AND AUDIT OF SECURITIES TRANSACTIONS
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 6, Issue 62
Abstract
In today’s conditions of the development of a market economy and the transformation of relations between business entities and the state in Ukraine, the significance of reliable, complete, and unbiased information about the financial state and results of the enterprise increases. The economic efficiency of enterprises, ensuring high rates of their development, increasing competitiveness in the domestic and foreign markets, to a large extent depend on their investment activity. The most common type of investment activity of enterprises is the securities transactions. There is a necessity of constant control over the information on securities when they are used in the enterprise. The reliable reflection of securities transactions in accounting and financial reporting is the basis for the adoption of sound management decisions at the enterprise. The results of the audit of securities confirm the reliability of the entity’s reflection in accounting for transactions with them and disclosure of information about them in financial statements. After the signing of the Association Agreement between Ukraine and the European Union, it became necessary to amend the national regulations. The changes are related to the fulfilment of obligations related to an approximation of the legislation of Ukraine in the field of accounting to the legislation of the European Union in the relevant field. This explains the necessity for continuous improvement of the accounting and audit methodology of securities transactions. The article examines features of the methodology and organization of accounting and auditing of securities, provides recommendations for the improvement.
Authors and Affiliations
D. V. Trykashna, L. I. Prokhorova
Keywords
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