Business Analysis and Audit of Foreign Economic Activity of the Enterprise

Abstract

Based on the substantiation of the necessity of changes in the management system of the enterprise in order to increase Ukraine's level in international economic ratings, a comprehensive model of the transformation of theoretical and methodological principles of accounting, analysis and audit in the management of foreign economic activity was developed. An approach to the formation of the accounting, analysis and audit principles of the enterprise's foreign economic activity, which takes into account the differentiation of decisions made in the system of management of foreign economic activity, it allows using the environment of the business entity to improve the efficiency of the implementation of foreign economic transactions. The basis of the theoretical and methodological principles of audit in the part of the suggested model of the transformation of the accounting system of transactions of foreign economic activity, which consists of tasks, elements of the method and objects of accounting, which form different processes of the types of foreign economic transactions, and provides increasing of the reliability of accounting information support, as it takes into account the influence of the internal and external environment of the enterprise. The methodical principles of the audit of export and import transactions of enterprises in the part of suggestions for improvement of documentary support, formation of the value of imported goods and reflection on the analytical accounting accounts of export-import transactions with goods, which increases the efficiency and reliability of the formation of responses to information requests of the system of management of foreign economic activity, was developed. The directions of improvement of the organizational and methodical provisions of audit for foreign economic activity of enterprises are grounded, taking into account changes in the tendencies of development of foreign economic activity at the micro and macro levels. The peculiarities of application of internal and external methods of management of currency risks in the system of enterprise accounting as an effective management tool were disclosed. It is reflected as the influence of the external environment in the accounting system and forms information support for users who make decisions on planning and development of foreign economic activity of the enterprise. The stages of obtaining foreign investments in accounting were substantiated, which promotes the modification of the methodological support of audit of foreign investments as the basis for the formation and improvement of the investment climate.

Peculiarities of the Management of the Foreign Economic Activity of Enterprises in Current Conditions of Sustainability

“…Many scientists have devoted their research to the development of foreign economic activity of the enterprise, namely the identification of risks, formation of activation mechanisms, areas of support, analysis and audit, as well as algorithms for the most effective and efficient use of the enterprise potential in this area. Among domestic and foreign scientists who have devoted their research to these issues [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20].…”

“…A significant contribution to the study of the peculiarities of the management of foreign economic activity was made by the study [11], within which, the author's approach to the formation of accounting, analysis and audit of foreign economic activity of the enterprise taking into account the differentiation of decisions, is developed. The authors propose the ways to improve organizational and methodological provisions of the audit of foreign economic activity of enterprises, taking into account changes in trends in foreign economic activity at the micro and macro levels.…”

Model of ensuring economic security in mechanical engineering

“…Ukraine, these problems are dealt with by such specialists as Rudnichenko et al (2020), Zhuravlov et al (2020), Nazarova et al (2021), Flissack, Dracocrunch (2021.…”

Regulatory policy of the foreign economic activity of the state

“…Scientists are convinced of the practical value of the model, namely that need to strengthen the specification of information and analytical support for the development of foreign economic activity of enterprises through the use of developed methods for selecting indicators. The practical value of the authors' research (Nazarova et al, 2021) lies in the developed approach, which describes the process of forming the principles of accounting, analysis and audit of foreign economic activity of the enterprise.…”