IMPROVING THE ACCOUNTING AND CONTROL OF PAYMENTS TO EMPLOYEES
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 62)Publication Date: 2022-06-30
Authors : Oriekhova Alvina; Dziaryk Anna;
Page : 88-95
Keywords : accounting; control; calculations; employees; wages;
Abstract
The article examines the issues of improving the accounting and control of payments to employees. It is determined that the problems of organization of the system of accounting and control of payments to employees are currently the most important for the economic activity of each business entity. This is relevant in connection with the transition of domestic accounting regulations to IFRS. It is proved that further unification of accounting according to national and international standards is inevitable and necessary. It has been argued that over the past few years, due to the unprecedented uncertainty caused by COVID-19, businesses have faced new challenges that have exposed business process weaknesses, declining demand and declining productivity. In such times, it is important to increase productivity and prepare the team to operate in the world of VUCO. The biggest driver of growth and at the same time a challenge is the digital transformation of business. Digitized online accounting tools will make the business industry more automated, accurate in detail and numbers, accessible to data, will be able to create more reliable data through automation, more secure storage through cloud storage. It is substantiated that a properly organized system of internal control is a kind of guarantor of achieving strategic and tactical goals of the organization. It is advisable to develop a Standard for internal control over the status of payments to employees in terms of deductions from wages, which will: establish effective control by specialists; to carry out examination of internal local acts of the enterprise for compliance with current legislation; take appropriate measures to prevent errors in calculations.
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Last modified: 2022-07-27 17:41:41