LEGISLATIVE FOUNDATIONS OF ACCOUNTING THE RESULTS IN ENTERPRISE

Authors

  • I.Ye. Galushchak Vasyl Stephanyk Precarpathian national university, Ministry of Education and Science of Ukraine, Department of Accounting and Audit, Shevchenka str., 54, Ivano-Frankivsk, 76000

DOI:

https://doi.org/10.15330/apred.1.12.109-113

Keywords:

activity of the enterprise, financial performance, legal accounting foundations

Abstract

In the article the economic content regulation and accounting results of the company, as well as theoretical and methodological bases of formation, assessment and recognition of accounting information on revenues and financial performance. These problems of accounting theory and practice of financial results are mentioned. The basic directions of improvement of accounting of financial results are outlined. Financial results of entities are profit or loss. Business activities in the field of financial results is aimed at ensuring a profit and its optimal allocation and use, and if the losses - to establish the causes and sources of coverage. Achieving a positive, balanced with the needs of financial results provided by focused management process of formation of profit based on comprehensive consideration of all external and internal factors affecting the production and sale of goods and services.

JEL:M41

Author Biography

I.Ye. Galushchak , Vasyl Stephanyk Precarpathian national university, Ministry of Education and Science of Ukraine, Department of Accounting and Audit, Shevchenka str., 54, Ivano-Frankivsk, 76000

Ph.D (Econ.),  associate professor

References

1. Butynets, F. Accounting Accounting: Handbook. Gytomyr: Ruta, 2009. Print.
2. Kobylianska, O. Financial Accounting. Textbook. Kyiv: Knowledge, 2007. Print.
3. Ohiychuk, M. “Uniform methodological principles of accounting and reporting in Ukraine and their compliance with the methodology developed markets.” The world of accounting 5(2008): n.d. Print.
4. Supreme Council of Ukraine. On Accounting and Financial Reporting in Ukraine. Law of Ukraine adopted 16.07.99 with amendments. Print.
5. Prodanchuk, M. “Tax calculations and reporting system accounting.” Accounting and audit 9 (2007): n.d. Print.
6. Radutskyy, A. “The concept of financial statements in US.” Accounting 11 (2009): n.d. Print.

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Published

2016-04-11

How to Cite

Galushchak , I. (2016). LEGISLATIVE FOUNDATIONS OF ACCOUNTING THE RESULTS IN ENTERPRISE. The Actual Problems of Regional Economy Development, 1(12), 109–113. https://doi.org/10.15330/apred.1.12.109-113

Issue

Vol. 1 No. 12 (2016): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT"

Section

Problems of accounting and audit

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