Trends of the Accounting Development in Ukraine Taking into Account Foreign Experience
Journal Title: Oblik i finansi - Year 2021, Vol 1, Issue 1
Abstract
The article is devoted to the study of current trends of development of the accounting system in Ukraine in the context of the analysis of the positive experience of organizing and implementing accounting processes in foreign countries, as well as the prospects for its application in the context of the variability of the socio-economic environment. Research methodology includes methods of comparison, abstraction, analysis and generalization. The analysis of the features of the implementation of accounting in Ukraine at the present stage of socio-economic development was conducted. The influence of foreign experience on the Ukrainian model of organizing accounting procedures was determined. Based on the generalization of the trends in the development of the Ukrainian accounting system, the characteristic features of the current approaches to organizing accounting procedures were outlined. The features of the transformation of the accounting system under the influence of globalization processes were determined, in particular in the context of Ukraine's implementation of European integration aspirations, are analyzed. On the basis of a comparison of foreign practice of organizing accounting, the most appropriate mechanisms, tools and directions for improving accounting processes for Ukraine were determined. The advantages of implementation of the IFRS standards in the context of national accounting model were disclosed. Key models of accounting organization in foreign countries were characterized. It was proved that the further development of accounting in Ukraine should be carried out in the direction of adapting foreign, in particular European, models of organizing accounting procedures with the requirements of the domestic business environment. In turn, the use of the existing socio-economic and financial potential of the country will help to streamline accounting processes and increase their effectiveness.
Authors and Affiliations
Olena Yarmolyuk & Olha Dmytrenko & Svitlana Viter
Keywords
Related Articles
- EP ID EP694105
- DOI 10.33146/2307-9878-2021-1(91)-44-51
- Views 132
- Downloads 0
Causes and Consequences of the Formation and Development of the Institute of Professional Accountants
Assumptions about the absence of a future in the accounting profession in the era of digitalization determine the need to assess the fundamental guidelines for its further development. The institutional theory considers...
The Effect of Earnings Announcement on the Market Value of Corporate Stock
On June 18, 2024, Nvidia's stock was momentarily crowned as the world's most valuable stock – surpassing other technology companies. Accordingly, this paper aims to analyze the differential effect of Nvidia's earnings an...
Ontology of Variability of Accounting for Financial Rent
Research on financial rent has been at the forefront of economics since the middle of the twentieth century in market economies due to the growing role of financial capital and the formation of the stock market. Today so...
Subject of Accounting: Unfinished Discussion
In modern conditions, to ensure the progressive development of accounting, it is necessary to improve its basic foundations, one of the elements of which is the concept of «subject of accounting». Taking into account the...
Car Brands in a Competitive Environment: How Are They Building Their Value Creation Processes?
A value creation process, usually presented in the form of a complex flowchart and placed at the beginning of a report, describes the material and financial inputs and outputs of the commercial process, as well as the co...