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IMPROVEMENT OF ACCOUNTING REGISTERS FOR THE PURPOSE OF TIMELY MANAGEMENT OF AN ENTERPRISE AND CONTROL OF ITS FINANCIAL SECURITY

Journal: University Economic Bulletin (Vol.1, No. 22)

Publication Date:

Authors : ; ; ;

Page : 85-95

Keywords : small business entities; accounting records; simplified form of accounting; management of problem sectors; financial reporting; control; financial security;

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Abstract

The subject of research is the accounting records of small business entities under the simplified form as components of the management of problem links and financial security of the enterprise. The aim of the study is to outline the need for adapting the accounting records of business entities in order to correct grouping of information in accounting, timeliness of financial reporting, transparency of data for monitoring, facilities for analysis due to the economic realities of the modern world, changes in legislation and economic needs. Research methods. Based on the comparison, analysis and synthesis methods, which allow connecting or decomposing the objects of study and comparing the results obtained, the suggestions for improvement of accounting records under the simplified form were given and reasoned conclusions were made. Results of the work. The article deals with the adaptation of the accounting records of a small business entity under the simplified form for timely management of an enterprise and control of its financial security. The accounting records of a business entity under the simplified form were improved, including adjustments for certain columns and rows according to a introduced simplified chart of accounts. Scope of application of the results. Scientific research in the field of small business entities at formation of the main areas of implementation of enterprise management and control of its financial security. Conclusions. We substantiated the necessity and expediency of using the improved accounting records of small business entities under a simplified form presented in the paper.

Last modified: 2016-07-25 00:00:07