УПРАВЛІНСЬКІ АСПЕКТИ ОБЛІКУ ПОТОЧНИХ ЗОБОВ’ЯЗАНЬ

Abstract

Studies of the work of leading scientists have shown that the theoretical provisions on current liabilities are controversial, and the issues of definition, classification, definition, evaluation, methods of their accounting require further study and improvement. The main provisions of accounting for liabilities are explored. Accounting for current liabilities is discussed in detail. They provide an opportunity to expand the economic activity of the enterprise and at the same time increase the profitability of the enterprise and increase equity. The article discusses the main aspects of the impact on management decisions regarding the accounting of current liabilities. At the current stage of development of economic relations, the uncontrolled growth of liabilities, especially current ones, may threaten the loss of the company’s financial stability and solvency. The comparison of accounting and legal points of view on the essence of the concept and determination of the moment of occurrence of obligations is made. In accounting, liabilities arise simultaneously with the acquisition of assets and are recognized if it is probable that future economic benefits associated with the item will flow to the entity. From a legal point of view, the obligation arises from the moment of signing the contract, regardless of whether certain actions have already been taken to fulfill it. Possible ways to balance the mismatch between the time of occurrence of accounting and legal obligations are considered. The classification of current liabilities is also analyzed. The classification according to possible criteria is given. Types of estimates of current liabilities are considered. A classification of an enterprise’s liabilities is necessary to understand how to manage them in an accounting information system. An assessment of current liabilities and the impact on enterprise management is considered. The application of the precautionary principle when evaluating a company’s liabilities is important. Organizational and methodological aspects of accounting for current liabilities in modern business conditions are substantiated.