The problem of accounting for transactions using accounts special purpose
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 12, Issue
Abstract
The article is devoted to the research of sustained issues of reflection in the system of accounting operations with the use of special purpose accounts. It is determined that over the past few years, there has been a change in the current legislation on the administration of value added tax, state regulation of export operations, which led to the emergence of new accounting objects and, accordingly, the emergence of new special-purpose sub-accounts in the area of accounting for transactions in accounts with banks. Consequently, the above-mentioned innovations caused a lot of questions about the nature and practice of using special-purpose accounts, which emphasizes the relevance of the research topic. The purpose of the study is to clarify the economic essence and the practice of using special-purpose accounts in the accounting system. In order to comply with the requirements of the current legislation in order to streamline certain provisions of the Tax Code of Ukraine and legislative acts in the field of state regulation of foreign economic activity, the chart of accounts was supplemented by subaccounts 315 "Special accounts in national currency" and 316 "Special accounts in foreign currency". During the study, the specifics of sub-accounts 315 intended to be used to ensure the functioning of the system of electronic value-added tax administration, and 316, which are used for the preliminary allocation of foreign currency in favor of the account holder, are subject to mandatory sale (in the amount of 50%) in accordance with the requirements of the current legislation. Thus, the investigated objects of accounting, regardless of the contradictory nature of their purpose and peculiarities of use, are included in the assets of the enterprise and, therefore, should be reflected in the financial statements in accordance with the norms of the Accounting Standards (Standards).
Authors and Affiliations
Mykhailo Anatoliiovych Shum, Oksana Yevheniivna Yakymenko, Serhii Anatoliiovych Lohvinov
Keywords
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