Meshcheryakov Artem, applicant higher education, Mykolaiv National Agrarian University, Mykolaiv, Ukraine
e-mail: artmesch@gmail.com

The Economic Essence of the Company’s Obligations and Settlements

Abstract. Introduction. The article examines the economic nature of the company’s obligations and settlements and substantiates the concept of the nature of settlements with suppliers and contractors, which reflects the accounting and control nature of mutual settlements between business entities arising in the course of fulfilling their obligations. It has been proved that the regulatory framework for settlements with suppliers and contractors and the reflection of such economic transactions in accounting is sufficient to regulate payment discipline.

The vision of scientists on the economic essence of the company’s obligations and calculations is emphasized. Theoretical aspects of settlements with suppliers and contractors in the enterprise and the search for ways to improve them are given. Conclusions on effective accounting and organization of settlements with suppliers and contractors for making appropriate management decisions are drawn.

Purpose. The main purpose of the study is to reveal the economic essence of the company’s obligations and settlements, to determine the theoretical aspects of the analysis of settlements with suppliers and contractors, and to find ways to improve them.

Results. The essence of mutual settlements between business entities arising during the fulfillment of their obligations is presented.  The theoretical state of organization of management accounting at enterprises in relation to settlements with suppliers and contractors is considered.

Conclusions. On the basis of the results of the research the attention has been paid to the solution of the problem of management of information on settlement relations with suppliers and contractors, which should be improved as an information base for analysis of the state of settlement transactions.  The analysis and management of settlements is an integral condition for maintaining the necessary level of liquidity and solvency of the company.

Keywords: accounting; control; enterprise; calculations; suppliers; contractors; liabilities.

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