ECONOMIC AND LEGAL APPROACH TO DETERMINING CONTENT AND IMPROVING ACCOUNTING LIABILITIES

The article deals with the problem of determining the content of the category of "liabilities" taking into account the economic and legal approach, which provides opportunities for improving the accounting of liabilities. The solution of this problem is based on scientific analysis, historical and further development of liabilities by combining their economic and legal content, which reveals additional possibilities of solving tasks of obligatory nature in the process of calculations and conducted accounting operations. In the article three approaches are considered when considering the essence of the notion of liabilities: legal, economic and accounting nature. With their consistent allocation of problem issues in the formation of obligations, their changes and management of liabilities in enterprises of different forms of ownership. In the article is a weighty argument for defining liabilities through an economic factor, which makes it possible to take into account the importance when the economic value of liabilities decreases over time, that is, there is a depreciation and it makes a risk for one or the other party. From a financial point of view, liabilities involve accounting for resources in cash, while the liabilities may be localized in time, which is legally stipulated by the contracts. In the article, as a result of the research, a group of problem issues has been identified regarding the categories of liabilities that require the prior definition of both economic and legal categories, that is, accounting reflection in the process of economic activity, as well as in terms of control and management of liabilities in the enterprise. The result of this liabilities study is the basis for practical use to improve the liability management system, improving the accounting of debts oversight liabilities, provides an opportunity to improve the record reflection of liabilities.