PROBLEMS OF DRAWING UP THE ACCOUNTING POLICIES FOR THE NEEDS OF CORPORATE ENTERPRISE MANAGEMENT

Oleksandr Bradul; Vira Shepelyuk; Marian Yunatskyi

doi:10.36690/2674-5208-2020-4-59

Authors

Oleksandr Bradul Kryvyi Rih National University
Vira Shepelyuk Kryvyi Rih National University https://orcid.org/0000-0001-6270-5936
Marian Yunatskyi Kryvyi Rih National University

DOI:

https://doi.org/10.36690/2674-5208-2020-4-59

Keywords:

accounting policies, corporation, information, corporate governance, financial policies, accounting

Abstract

An effective system of corporate governance increases the cost of capital, encourages companies to use their own resources more efficiently, which forms the basis for their growth. One of the structures of corporate governance is the accounting policies, which is a special area of economic activity of the corporation, aimed at mobilizing financial resources, their rational distribution and use to ensure functions of the corporation. The purpose of the article is to identify the problems of formation of accounting policy for the needs of corporate enterprise management. In the process of writing the article, methods of analysis and synthesis, comparison and generalization of research results were used, which allowed to achieve this goal. Using this element of the accounting policies, the corporation can influence the formation of its costs, and hence the formation of financial statements in different reporting periods. The decision to include interest on loans obtained from member banks of the corporation in the calculation is made for each loan separately.The main tasks of the accounting policies of the corporation are as follows: to ensure a clear understanding of indicators of the financial statements by users; enabling users to assess effects of different accounting alternatives; accurate interpretation and comparability of financial statements of different companies that use alternative accounting methods.

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Author Biographies

Oleksandr Bradul, Kryvyi Rih National University

Doctor of Sciences (Economics), Professor, Professor of Department of Accounting, Taxation, and Business Administration, Kryvyi Rih National University, Kryvyi Rih, Ukraine

Vira Shepelyuk, Kryvyi Rih National University

Ph.D. (Economics), Associate Professor, Senior Lecturer of Department of Accounting, Taxation, and Business Administration, Kryvyi Rih National University, Kryvyi Rih, Ukraine

Marian Yunatskyi, Kryvyi Rih National University

Ph.D. (Economics), Senior Lecturer of Department of Financial Activities of Enterprises and Innovative Development, Kryvyi Rih National University, Kryvyi Rih, Ukraine

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