СИСТЕМА ФИНАНСОВОГО КОНТРОЛЯ В СТРОИТЕЛЬНОЙ ОРГАНИЗАЦИИ ООО «СТРОЙИНДУСТРИЯ-НК»

Abstract

Under market relations, financial results control is the necessary condition for making tactical and strategic management decisions. Financial control aims to provide investors, shareholders, contractors, and other accounting reports users with reliable and qualitative information on the performance indicators and results of economic entities to make economic decisions and mitigate risks of losses from investments. The author considers the mistakes made when keeping records and preparing reports on the financial results in the construction organization; studies the correspondence of accounts used to form financial results and the reporting on the retired units; concludes about the compliance of accounting with legal requirements; specifies the consequences of mistakes for the analyzed construction company Stroyindustriya-NK LLC. The quantitative materiality level for the company’s accountancy data is calculated, it is identified that the volume of revealed deviations exceeds the reported value. It is possible to eliminate the reported issues by carrying out the intercompany financial control over financial result formation. The paper contains a completed form of financial result report taking into account the correction of all detected mistakes. The author gives recommendations on the membership of the intercompany audit committee. As a result of the study, the author concludes on improper disclosure of business transactions for the consumed costs. The study identified the absence of accounting entries for retired fixed assets and their accounting treatment. The paper presents the material by taking into account the updated information about the activity of a particular economic entity.