Theoretical and practical features of accounting of financial results at the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 4, Issue
Abstract
In the conditions of growing competition, the financial results that are correctly reflected and timely analyzed are becoming important. One of the main the activity of the enterprise irrespective of the form property and business are profits and related with him financial indicators. The amount of profit you have received direct impact on the formation of equity capital and the ability of the company to pay for its own obligations. Financial results activities determine not only the current state enterprise, but also its potential in the future. An important task of internal management is to ensure the functioning of an effective accounting system and internal control of income, expenses and financial results as an information base for the adoption of effective management decisions. This requires a well-established accounting and analytical support. In order to find out the influence of owners on the adequacy of the process of formation and distribution of profits should be noted the need to study this process in the context of accounting policies.The aim of the work is to improve the accounting of financial results and develop internal financial statements. In order to improve the accounting of financial results, it is proposed to separately record information on accounting for income and expenses in the accounting policies of the enterprise. The model of formation of the accounting policy on financial results is constructed. It is established that one way to improve the accounting of financial results is to develop new forms of internal reporting. New internal reports are presented to reflect the formation and use of financial results. It is concluded that the proposed reports may be detailed to provide in-depth analysis of financial results for providing information for management decisions.
Authors and Affiliations
Andrii Viktorovych Tyrinov
Keywords
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