In terms of economic globalization and digitalization, the enterprise's financial reporting is a communication channel for transferring accounting information to stakeholders. The full and effective perception of user credentials is threatened by communication barriers that could lead to erroneous management decisions. Thus, it is necessary to improve financial reporting through feedback mechanisms to minimize the negative impact of communication threats to the accounting system. The purpose of this article is to identify basic communication of financial reporting, their minimization through ensuring the transparency of accounting information and calculation of analytical indicators. The article highlights the basic communication barriers to the perception of accounting information, which include unclear financial reporting indicators due to different interpretations of accounting concepts; the inadequate level of knowledge of the subjects of the communication process (communicator and recipient); the inaccuracy of information due to intentional or unintentional actions; lack of clarity in accounting regulations on the interpretation and structure of individual objects of accounting; information oversaturation; availability of non-target communications; availability of informal communications; inefficiency of the communication channel. The influence of communication threats to the accounting system on the example of forming the Ukrainian form of financial reporting Balance (Financial Statement) is substantiated. It is proposed to transform the form of financial statements Balance Sheet (Financial Statement) in Ukraine by separating two sections in assets «Non-current assets» and «Current assets») and three in liabilities («Equity», «Long-term liabilities» and «Current liabilities») to optimize the analysis of the financial condition, which will contribute to the effective perception of accounting and analytical data by stakeholders. The criterion of minimizing the impact of communication risks should be used to transform other forms of financial and integrated reporting. The proposals could be useful in reformatting financial reporting forms in other countries to ensure transparency and maximize the perception of accounting information.
The article considers the economic essence of the concepts of social accounting, sociallyoriented accounting, and social activity. It is found that carrying out social activities requires incurring social costs, which are presumably understood as the reduction of economic benefits in the form of disposal of assets and increase in obligations related to the implementation of company’s social policy. These expenditures result in a decrease in equity (except for a reduction in capital due to its withdrawal or distribution by the owners) within the operational, financial or investment activities of the enterprise. It is stated that depending on the trends, social expenditures should be divided into: personnel costs (wages and salaries (basic, extra, financial rewards and compensation payments), labor protection and occupational safety, personnel training and development, maintaining company’s social facilities); customer costs (warranty service, product quality assurance); state and society costs (taxes, charity donations, regional development programs, support for sports and cultural activities); natural environment protection costs (environmental and ecological payments). The need to display information on social costs in management and financial reporting is confirmed. In this regard, it is proposed to use the management reporting form called “A Statement on Social Expenditures” and the form from section XVI named “Directions of social policies” of the Notes to the annual financial statements, whose items are arranged in four categories: personnel, environment; state and society; customers. It is pointed out that the publication of social reporting has certain advantages for enterprises (a higher credibility from special interest groups; better relations with the state; attracting investments; better business reputation; gaining a competitive advantage; making sound decisions in pursuing social policies) and for the state and society (encouraging socially responsible business; efficient use of resources; drawing attention to sustainable development; information transparency). The need for state regulation of social reporting in Ukraine is emphasized, and it is claimed that the lack of it brings into question reliability and validity of the information provided by enterprises in such reporting.
The subject of study is theoretical and methodological principles of pricing at domestic enterprises. In the course of investigations general scientific and special methods of scientific knowledge were used, including generalization and systematization, induction and deduction, system approach, analogy. Economic nature of price was studied and offered to be considered as a monetary equivalent of a product unit (works and services), which shows the product’s value of utility and amount of money spent on buying or selling it. We also determined the factors that affect pricing and distinguished them by the following groups: internal and external factors, factors that are partially or totally controlled by the enterprise, factors that are out of control or the enterprise and factors reducing or increasing the price. The internal factors that are fully controlled by the enterprise include the cost of production (works, services), accounting policy of the enterprise, after-sales service and the use of limited resources, product quality, the brand and territorial placement. The external factors include demand for products, amounts of sales on the market, quality and price of the same products charged by the competitors, buyer’s focus on a high quality and low price, seasonality of demand, tax system, interest rate, price type, solvency of the population, state of country’s economy. The stages of the pricing process include certain internal and external impact factors, study of the state price policy, calculation of minimal and initial price of products by means of the return method based on the information formed within the accounting system. They also provide for calculating the product price by a variety of methods, setting price and analysis of the range of its change, control over the validity of the price and compliance with the law. We also determined the procedure for the costing methods to be implied. And finally, we outlined the basic problems leading to distortion of cost of products (works and services). They include a wrongly selected accounting policy, imperfectness and contradiction of normative legal acts, incorrect allocation of indirect costs, shadow costs available and unjustified overcharge.
Abstract. The evolution of accounting accounts in terms of accounting for intangible assets and related objects is considered in the article, as well as approaches to its construction to accurately reflect these objects in financial and management reporting, taking into account current trends in economic development are improved. The urgency of solving the scientific problem is that now there is a need to develop a new methodology for accounting for intangible assets and related objects. This is due to the significant differences between the book and market values of enterprises, due to the imperfection of the classification of intangible assets and related items, their recognition, measurement, accounting and financial reporting. Methodological means of the research are methods of scientific abstraction, historical, modeling, analysis of the content of normative documents, comparison, grouping, abstract-logical method. It is emphasized that the Global Monitoring of Intangible Finance, which shows the market value of the world’s leading companies, indicates a significant share of the intangible component in the value of companies and their lack of disclosure in accounting. It is noted that special attention should be paid to the reflection of intangible assets and related objects in the Ukrainian Chart of Accounts, which should ensure the unity of the accounting information system of each entity, as well as be the basis for consistency of accounting indicators in the financial reporting, on the basis of which statistical indicators are formed. The study of the history of intangible assets and related objects in the Chart of Accounts, which have been in force since 1959 to date, made it possible to note the changes that have occurred, to identify factors that influenced their evolution, to identify shortcomings in accounting , outline and analyze the current state and assess the development of this category for the future. It is noted that the account on which goodwill is kept has undergone the greatest transformation since 1993. It is noted that the separation of intangible assets for inclusion in the Chart of Accounts is carried out taking into account international, European and Ukrainian standards of expert evaluation and accounting. The necessity of separating a sub-account for accounting directly with software with the introduction of a sub-account for accounting firmware for software devices is substantiated. The need to separate current intangible assets on a separate account is revealed. The need to keep records of internal goodwill is noted, which will allow to identify the strengths of the company during its current activities, as well as to disclose them when selling, if necessary. It is recommended to open analytical accounts for accounting of internal goodwill on which intellectual assets are grouped by their types (human assets, personal internal goodwill of the head, client assets, intangible assets related to contracts, organizational assets, social assets, environmental assets). Keywords: intangible assets (IAS), goodwill, intellectual capital, accounting accounts, financial accounting, management accounting. JEL Classіfіcatіon М40 Formulas: 0; fig.: 2; tabl.: 4; bibl.: 30.
Introduction. The modern conditions of enterprise operation have led to changes in management reporting approaches and have caused more discussions in nonfiction about its identity with intracompany reporting. Informatization of society, globalization processes in the economy and its sustainable development have led to the expansion of management reporting functions and to clear definition of main characteristics of intracompany reporting, which is created by the staff for its internal use with the adherence of principles of confidentiality. The impact of external factors, which are mostly negative nowadays (economic crisis, restrictions caused by the global pandemic, unfair actions of competitors, cyberattacks) require qualitative developments of intracompany reporting forms, which should ensure rapid detection of the negative changes at the enterprise and timely provide the information for its effective elimination.The purpose of the study lies in scientific and theoretical justification of the concept «intracompany reporting», in determination of the role for enterprise management and also in outlining the principles of reporting formation and techniques of its preparation taking into account the modern conditions of enterprises activity.Methods. In the research process the following methods were used: theoretical generalization, comparison, abstract-logical for distinguishing the concepts of «management reporting» and «intracompany reporting»; grouping, generalization, analogy, analysis and synthesis for identifying the principles of formation of intracompany reporting and its qualitative characteristics; modeling, induction and deduction, structural-logical, tabular for establishing the stages of reports formation at the enterprise and the techniques of its preparation.Results. The essence of management and intracompany reporting as an information field for necessary decisions making by their users is investigated. The role of intracompany reporting for enterprise management is established and it is proved that it is an integral part of management reporting. The formation and usage principles of intracompany reporting in the context of two groups are outlined: the principles that are used in the formation of financial and intracompany reporting; principles that are used in the formation of intracompany reporting. The qualitative characteristics of such reporting are clarified. The stages of its formation at the enterprise are highlighted. The expediency of construction the intracompany reporting information map at the enterprise is established and its form is offered. The necessity of development of Regulations (standard) of the intracompany reporting is proved. Perspectives. Further researches should be aimed at developing the Regulations (standard) of intracompany reporting, as well as formation of standardized forms of such reporting, taking into account enterprises’ branch peculiarities.
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