{"id":18561,"date":"2023-07-28T13:01:08","date_gmt":"2023-07-28T10:01:08","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=18561"},"modified":"2023-07-28T13:01:08","modified_gmt":"2023-07-28T10:01:08","slug":"force-majeure-circumstances-in-the","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/force-majeure-circumstances-in-the\/","title":{"rendered":"Cheban Yu., Syrtseva S. Force majeure circumstances in the contract: information and accounting support"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification<\/strong>: L14; M10; M40
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V39(2023)-23<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Yuliia Cheban, <\/strong>Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department Accounting and taxation, Mykolaiv National Agrarian University, Mykolaiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-8231-2918<\/a>
\ne-mail: <\/strong>heban@mnau.edu.ua<\/a><\/p>\n

Svitlana Syrtseva, <\/strong>Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department Accounting and taxation, Mykolaiv National Agrarian University, Mykolaiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0003-4824-3741<\/a>
\ne-mail: <\/strong>sirceva@mnau.edu.ua<\/a><\/p>\n

 <\/p>\n

Force Majeure Circumstances in the Contract: Information and Accounting Support<\/strong><\/h2>\n

\u00a0\u00a0<\/strong><\/p>\n

Abstract. Introduction. <\/strong>The section of the contract on force majeure circumstances, which was previously treated quite formally or did not include such information at all, has become too relevant today for making further management decisions. These issues have an impact on the information and accounting provision of contractual relations, which has certain features depending on the periods of conclusion of contracts, which requires additional research and drawing up directions for improvement.<\/p>\n

Purpose.<\/strong> The purpose of the study is to determine the concept and features of force majeure in contracts, in particular, during martial law and the formation of information and accounting support for making further management decisions in the event of force majeure.<\/p>\n

Results. <\/strong>The article examines theoretical and practical approaches to the content of force majeure and normative aspects of its certification in contracts. A classification is presented regarding the management’s information support about force majeure in contracts, which is useful for reflecting in debt accounting and monitoring contracts concluded as a result of public procurement. Outlines the main features of force majeure in contracts during martial law. It is substantiated that in accounting, an economic contract can act as a document, be a fact of economic activity that requires accounting. It has been proven that economic transactions related to the occurrence of obligations under contracts, including those containing force majeure circumstances, must be reflected in the accounting.<\/p>\n

Conclusions.<\/strong> Information about force majeure must be contained in any contract, which must be duly executed. Such a contract will be a significant and influential factor for making effective management decisions, will help companies avoid paying fines or fines in case of non-fulfillment of contractual obligations. Force majeure circumstances do not automatically cancel contractual obligations. Therefore, accounting receivables and payables under such contracts must be reflected in the accounting records.<\/p>\n

Keywords:<\/strong> contractual obligations; force majeure; information and accounting support; management decisions.<\/p>\n

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

    \n
  1. Zinchenko, V., & Dubchak, Y. (2020). Problems of the Force Majeure Circumstances Impact on the Hospitality Industry (on the Example of the COVID-19 Pandemic).\u00a0Bulletin of Kyiv National University of Culture and Arts. Series in Tourism,\u00a03(2), 209- https:\/\/doi.org\/10.31866\/2616-7603.3.2.2020.221279 [in Ukrainian].<\/li>\n
  2. Mokiienko, \u0422., Priydak, \u0422., & Lipskyi, R. (2019). Commercial contracts: essence, meaning, types and procedure for concluding. Efektyvna ekonomika<\/em>, <\/em> Retrieved from : http:\/\/www.economy.nayka.com.ua\/pdf\/4_2019\/57.pdf. DOI:\u00a010.32702\/2307-2105-2019.4.55 [in Ukrainian].<\/li>\n
  3. Melnik, O. (2016). The concept of “force majeure” in the civil law of Ukraine. Law Herald<\/em>, 1, 205-209 [in Ukrainian].<\/li>\n
  4. Kochyna O., & Boldyreva V. (2022). The influence of martial law on civil legal relations. New Ukrainian Law<\/em><\/strong>,<\/em><\/strong> 2, 53-58 <\/strong>[in Ukrainian].<\/li>\n
  5. Verkhovna Rada of Ukraine. (2003). The Civil Code of Ukraine (Order No. 435-IV, January 16). Retrieved from https:\/\/zakon.rada.gov.ua\/laws\/show\/435-15#Text[in Ukrainian].<\/li>\n
  6. Verkhovna Rada of Ukraine. (2003). Economic Code of Ukraine (Order No. 436-IV, January 16). Retrieved from https:\/\/zakon.rada.gov.ua\/laws\/show\/436-15 [in Ukrainian].<\/li>\n
  7. Verkhovna Rada of Ukraine. (1997). About Chambers of Commerce and Industry in Ukraine (Act No. 671\/97-\u0412\u0420, December 2). Retrieved from : https:\/\/zakon.rada.gov.ua\/laws\/show\/671\/97-%D0%B2%D1%80#Text [in Ukrainian].<\/li>\n
  8. Rvach, I. (2022). Fulfillment of contractual obligations and force majeure. LAWYER&LAW<\/em>, 49. Retrieved from https:\/\/uz.ligazakon.ua\/ua\/magazine_article\/EA016270 [in Ukrainian].<\/li>\n
  9. Kaghterman, O. (2022). Contractual obligations and martial law: is there always force majeure? Retrieved from : https:\/\/uteka.ua\/ua\/publication\/commerce-12-yurydycheskye-konsultatsyy-67-dogovornye-obyazatelstva-i-voennoe-polozhenie-vsegda-li-fors-mazhor [in Ukrainian].<\/li>\n
  10. Koblianska,O. (2007). Finansovyi oblik [Financial Accounting]. K.: Znannia. [in Ukrainian].<\/li>\n
  11. Petrik, \u041e. (2012). Accounting of contract liabilities in the processing of given raw materials. Efektyvna ekonomika<\/em>, 4. Retrieved from : http:\/\/www.economy.nayka.com.ua\/?op=1&z=1102 [in Ukrainian].<\/li>\n
  12. Verkhovna Rada of Ukraine. (2010). Tax Code of Ukraine (Order No.2755-VI, December 2). Retrieved from : http:\/\/search.ligazakon.ua\/l_doc2.nsf\/link1\/T102755.html [in Ukrainian].<\/li>\n
  13. Dubinina, , Cheban, Yu., Syrtseva, S., & Verkhovodov, O. (2022). Monitoring of public procurement: status and areas for improvement. Modern Economics<\/em>, 32(2022), 39-47. DOI: https:\/\/doi.org\/10.31521\/modecon.V32(2022)-05 [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 15 May 2023<\/p>\n

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    Cheban Yu., Syrtseva S. (2023). Force majeure circumstances in the contract: information and accounting support. Modern Economics, 39(2023), 152-157. DOI: https:\/\/doi.org\/10.31521\/modecon.V39(2023)-23.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<< Back to contents<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_column_text] JEL Classification: L14; M10; M40 DOI: https:\/\/doi.org\/10.31521\/modecon.V39(2023)-23 [\/vc_column_text][vc_column_text]Yuliia Cheban, Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department Accounting and taxation, Mykolaiv National Agrarian University, Mykolaiv, Ukraine ORCID ID: 0000-0002-8231-2918 e-mail: heban@mnau.edu.ua Svitlana Syrtseva, Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department Accounting and taxation, Mykolaiv National Agrarian University,
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