{"id":13897,"date":"2020-07-20T10:59:06","date_gmt":"2020-07-20T07:59:06","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=13897"},"modified":"2020-07-22T10:22:37","modified_gmt":"2020-07-22T07:22:37","slug":"approaches-to-assessing-the-compliance","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/approaches-to-assessing-the-compliance\/","title":{"rendered":"Shevchuk, S. Approaches to Assessing the Compliance of the Company’s Accounting Policy with the Established Parameters"},"content":{"rendered":"

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JEL Classification<\/strong>: M41
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V21(2020)-37<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Shevchuk Serhii<\/strong>, PhD, Associate Professor at Department of Accounting and Economic analysis, Admiral Makarov National University of Shipbuilding<\/p>\n

ORCID ID:<\/strong> 0000-0002-1179-9562<\/a>
\ne-mail:<\/strong> sernat1979@gmail.com<\/a><\/p>\n

 <\/p>\n

Approaches to Assessing the Compliance of the Company’s Accounting Policy with the Established Parameters<\/h2>\n

 <\/p>\n

Abstract. Introduction. <\/strong>The company’s accounting policy is an integral part of the organization of the accounting process, which should ensure the interests of various users of accounting information. Unfortunately, the choice of elements of accounting policy by enterprises is made without proper justification and assessment of the impact of decisions on performance indicators.<\/p>\n

Purpose. <\/strong>The purpose of the article is to substantiate the approaches and indicators of evaluation of the accounting policy of the enterprise at the stages of its formation in the context of achieving the parameters set by the management of the enterprise.<\/p>\n

Results. <\/strong>The accounting policy should be formed in accordance with the established parameters. The essence of the concept of accounting policy parameters is defined – these are indicators that specify its goals and objectives. The degree of their achievement is established by estimating (comparing) the predicted value and its actual value. An information model for estimating the parameters of accounting policy at the stages of its formation and implementation (organizational, methodological, final) is proposed. Approaches to the evaluation of accounting policies based on the use of qualitative characteristics and quantitative indicators are highlighted. The parameters of the accounting policy can be set depending on the objectives of the enterprise. The criterion of maximum profit can be chosen if necessary to increase the value of assets in order to obtain loans, investments, increase the value of shares in the market, receiving bonuses for management indicators. The criterion of minimum profit can help reduce payments to owners for dividends, deductions in the form of taxes to the budget. Indicators for assessing the impact of the timing of depreciation, the method of depreciation on the tax liability for income tax are proposed. It is proposed to take into account the time factor of tax payment when assessing the results of savings.<\/p>\n

Conclusions. <\/strong>Accounting policy is a flexible tool for managing the information environment, the impact on accounting and reporting. In view of this, the process of its formation should not be carried out chaotically, but should be subordinated to the achievement of established goals. Evaluation of accounting policy at different stages of its formation will eliminate the formal approach to the selection of its elements, increase the systemic and targeted nature of the process of its formation and change by management, accounting staff and auditors.<\/p>\n

Keywords: <\/strong>accounting policy; evaluation of accounting policy; accounting policy parameters; income tax.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Verkhovna Rada of Ukraine (1999). On accounting and financial reporting in Ukraine (Law of Ukraine \u2116 996-XIV, July 16). Retrieved from https:\/\/zakon.rada.gov.ua\/laws\/show\/996-14 [in Ukrainian].<\/li>\n
  2. Ministry of agricultural policy and food of Ukraine (2016). Methodological recommendations on preparation of the administrative document on the accounting policy of the state enterprise and joint-stock company (Order \u2116 217, June 22). Retrieved from https:\/\/zakon.rada.gov.ua\/rada\/show\/v0217730-16 [in Ukrainian].<\/li>\n
  3. Ministry of Finance of Ukraine (2013). Methodical recommendations on the accounting policy of the enterprise (Order \u2116 635, June 27). Retrieved from https:\/\/zakon.rada.gov.ua\/rada\/show\/v0635201-13?lang=ru [in Ukrainian].<\/li>\n
  4. Ministry of Finance of Ukraine (2005). About accounting policy (Letter \u211631-34000-10-5\/27793, December 21). Retrieved from http:\/\/195.78.68.18\/minfin\/control\/uk\/publish\/article?art_id=58984&cat_id=34931 [in Ukrainian].<\/li>\n
  5. Baranovs’ka, T. V. (2005). Accounting policy of enterprises in Ukraine: theory and practice (Abstract of Ph.D. Thesis). Accounting, analysis and audit. Kyiv: National Agrarian University.<\/li>\n
  6. Sysoieva, I. M. (2013). Accounting policy in the formation of information for management in the confectionery industry of Ukraine (Abstract of Ph.D. Thesis). Accounting, analysis and audit. Ternopil’: Ternopil’s’kyj natsional’nyj ekonomichnyj universytet.<\/li>\n
  7. Pushkar, M. S. & Schyrba, M. T. (2010). Teoriia i praktyka formuvannia oblikovoi polityky: monohrafiia. Ternopil’ [in Ukrainian].<\/li>\n
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  11. Shhepot’ev, A. V. (2018). The choice of accounting accounting procedures and elements of the accounting policies of the organization in order to obtain projected values of indicators of financial statements. Mezhdunarodnyj buhgalterskij uchet<\/em>, 20, 1176\u20131193 [in Russ.].<\/li>\n
  12. Shevchuk, S. V. & Zajtseva, A. D. (2018). Modeling of accounting policy for income tax purposes. Infrastruktura rynku,<\/em> 23, 319-323 [in Ukrainian].<\/li>\n
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  14. Ali, M.J. & Ahmed, K. (2017). Determinants of accounting policy choices under international accounting standards: Evidence from South Asia, Accounting Research Journal, 30 \u2116 4, pp. 430-446. doi: https:\/\/doi.org\/10.1108\/ARJ-02-2015-0020.<\/li>\n
  15. Academic explanatory dictionary of the Ukrainian language. Retrieved from http:\/\/sum.in.ua [in Ukrainian].<\/li>\n
  16. Romaniv, Ye. M. & Kravchyshyn, I. M. (2018). Features of the organization and methods of development of accounting policy at the present stage of functioning of enterprises in Ukraine. Modern Economics,<\/em> 10, 115-121.<\/li>\n
  17. https:\/\/doi.org\/10.31521\/modecon.V10(2018)-19 [in Ukrainian].<\/li>\n
  18. Korol’, H. O., Izviekova, I. M. & Yasnohor, O. O. (2017). The essence of the concept of “accounting policy” and methodological approaches to its formation in the enterprise. Bukhhalters’kyj oblik, analiz ta audit, 8, 780-784 [in Ukrainian].<\/li>\n
  19. International Accounting Standard 8 Accounting policies, changes in accounting estimates and errors Retrieved from: https:\/\/zakon.rada.gov.ua\/laws\/show\/929_020.5 [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 11 June 2020<\/p>\n

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    Shevchuk, S. (2020). Approaches to Assessing the Compliance of the Company’s Accounting Policy with the Established Parameters. Modern Economics<\/em>, 21(2020), 236-241. DOI: https:\/\/doi.org\/10.31521\/modecon.V21(2020)-37.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: M41 DOI: https:\/\/doi.org\/10.31521\/modecon.V21(2020)-37 [\/vc_column_text][vc_column_text] Shevchuk Serhii, PhD, Associate Professor at Department of Accounting and Economic analysis, Admiral Makarov National University of Shipbuilding ORCID ID: 0000-0002-1179-9562 e-mail: sernat1979@gmail.com   Approaches to Assessing the Compliance of the Company’s Accounting Policy with the Established Parameters   Abstract. Introduction. The company’s accounting policy is an integral
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