ACCOUNTING AND AUDIT
KINDRATSKA Liubomyra 1
1 Kyiv National Economic University named after Vadym Hetman
Theoretical issues of improving the accounting system of domestic economic entities
The article discloses results of researching contemporary approaches to developing the accounting theory from the standpoint of forming a complex accounting and analytical targeted information at the request of executives managing economic entities at different levels. The author considers issues of standardization as a process of implementing the International Financial Report Standards (IFRS) in the domestic accounting practice and forming the National Accounting Regulations (Standards) (NAR(S)) grounded in the IFRS. The author actualizes the necessity for examining certain theoretical issues stipulated by needs of the practical activities in the context of new accounting objects: intangible assets; intellectual capital; intellectual property; financial and non-financial assets loss reserves. The author has specified the intrinsic features of processes of accounting modernization, transformation, and reformation in the context of enhancing its organization and methodology. The author has determined objective terms for acknowledging the accounting as an institution according to provisions of the theory of institutional change and, subsequently, for indicating an institution of accounting job complemented by inherent features, moral and behavioral rules, and norms. The author has substantiated the expediency of recognizing the social responsibility of accounting for economic activity of all market
Keywords:accounting system, modernization, transformation, reform, improvement of accounting, address information at the request of users
JEL: M41, M48
Kindratska L. . Theoretical issues of improving the accounting system of domestic economic entities / L. . Kindratska // Фінанси України. - 2022. - № 1. - C. 118-128.
| Article original in Ukrainian (pp. 118 - 128) | Download | Downloads :143 |
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