Moshkovska Olena, Doctor of Economics, Professor of Accounting and Taxation Department, Kyiv National Trade and Economic University

ORCID ID: 0000-0002-1176-9478
e-mail: M_Kulgeiko@ukr.net

Manachynska Yulia, Candidate of Economic Sciences (Ph.D.), Associate Professor, Department of Accounting and Taxation, Chernivtsi Trade and Economics Institute of Kyiv National Trade and Economic University

ORCID ID: 0000-0001-9155-3417
e-mail: yu_manachynska@ukr.net

Organizational Principles of Accounting and Analytical Support of Holding Structures in the Field of Dairy Production

Abstract. Introduction. The article considers the problems of accounting and analytical support of holding structures in the field of dairy production, given that the organizational structure of holding companies has features that require a special approach to information support of the management decision-making process. The urgency of the problem is related to the fact that in the management system of production activities in Ukraine there is a tendency to create large holding structures based on the association of related companies, which reduces management costs and increases production efficiency.

Purpose. The purpose of the article is to study the organizational principles of accounting and analytical support of holding structures in the field of dairy production.

Results. It is proved that the organization of management accounting in the holding requires the development of a system for obtaining various accounting data using a block-module approach. Also in this article several variants of the organization of reception of the information are allocated. A trial has been identified that allows to speed up the process of obtaining data, reduce the number of reporting forms and, accordingly, reduce the time and cost of resources for information processing. In the case of application of the proposed option of obtaining information, the accounting data are consolidated according to the rules approved in the accounting standards, which allows to obtain comparable, formed according to uniform standards reporting indicators.

Conclusions. The organization of information flows in the holding on the basis of block-modular approach opens opportunities for systematization of information flows in the holding on the basis of block-modular approach, to create centers for collecting and summarizing the necessary information to develop management decisions in strategic planning. The advantage of this approach is its flexibility, ie the possibility of modification over time in terms of removing obsolete tasks, methods, indicators of management accounting and adding, if necessary, new areas of management accounting in accordance with changes in enterprise strategy.

Keywords: holding; management accounting; accounting and analytical support; concept; accounting policy; dairy enterprises.

References:

1. Bolduyev, M. V. (2014). Content and order of development of corporate accounting policy of holding companies. Derzhava ta rehiony, 4, 65-69 [in Ukrainian].
2. Hushko, S. V. (2018). Conceptual model of cost distribution taking into account the functioning of the centers of responsibility of the holding structures of the mining and metallurgical complex. Vcheni zapysky, 3, 13-17 [in Ukrainian].
3. Ishchenko YA.P. (2010). Formation of internal reporting on costs in accordance with the requirements of corporate governance. Oblik i finansy APK, 3, 69-72 [in Ukrainian].
4. Korolʹ, V. V. (2010). Organization of accounting for the production and processing of sugar beets in agricultural holdings. Retrieved from : https://ir.kneu.edu.ua/bitstream/handle/2010/ 28313 / Korol.pdf? Sequence = 2 & isAllowed = y [in Ukrainian].
5. Lazaryeva, M. H. (2013). Holding: its economic essence and basics of functioning. visn. nats. un-tu bioresursiv i pryrodokorystuvannya Ukrayiny. CH.2: Ekonomika, ahrarnyy menedzhment, biznes, 181, 206-217 [in Ukrainian].
6. Ponomarenko, A.S. (2015). Dairy industry of Ukraine: problems and prospects of development. Molodyy vchenyy,12 (3), 169-175 [in Ukrainian].
7. On holding companies in Ukraine: Law of Ukraine. Retrieved from : https://zakon.rada.gov.ua/laws/show/3528-15#Text [in Ukrainian].
8. Storozhuk, T. M. (2016). Accounting policy of the parent (holding) company and its subsidiaries. Oblik i finansy, 3, 38-42 [in Ukrainian].
9. Basheer Yousif Ismail & Zeravan Fadhil Hassan (2020). An Investigation into the effectiveness of Management Accounting Practices in Manufacturing Companies based in Duhok City: UB Holding Group Companies as a Case Study. International Journal of Psychosocial Rehabilitation. 24 (2020), 4809-4819. DOI: 10.37200/IJPR/V24I8/PR280496 [in English].
10. Mavropulo, O., Rapp, M.S. & Udoieva, I. A. (2021). Value-based management control systems and the dynamics of working capital: Empirical evidence. Management Accounting Research, 52 (2021), 100740. https://doi.org/10.1016/j.mar.2021.100740 [in English].
11. McCue, Ian (2020). Inventory Carrying Costs : What It Is & How to Calculate It. Retrieved from : https://www.netsuite.com/portal/resource/articles/inventory-management/ inventory-carrying-costs.shtml [in English].