THE PECULIARITIES OF DEBTS RECEIVABLE ACCOUNTING ACCORDING TO THE NATIONAL AND INTERNATIONAL STANDARDS: A COMPARATIVE ASPECT

In Ukraine, since the beginning of formation of market relations and so far, a lot of urgent and impor- tant questions, connected with debts receivable accounting, have been existed. Therefore, it stipulates con- stant considering of normative acts and regulating documents, working out of the new ways of perfection of the organization and methods of calculations with debtors. The question of debts receivable management and accounting is rather an important and complicated element, because the financial condition of an enter- prise depends to a great extent on presence and efficient management of this type debts. The question of debts receivable accounting is regulated by the Ukrainian Law "About Accounting and Financial Reporting in Ukraine", national standards of accounting (SA) and international standards of financial reporting (ISFR), as debts receivable refers to the enterprise assets and influences determination of the real financial condition of the enterprise. The comparative analysis of the aspects of debts receivable accounting according to the national and international standards of accounting has been conducted in the article. The peculiarities of accounting have been considered and common and distinctive features of debts receivable accounting have been de- termined both according to SA and to ISFR.