COMPARATIVE CHARACTERISTICS OF DOMESTIC AND FOREIGN ACCOUNTING SYSTEMS, PROSPECTS FOR ITS DEVELOPMENT

Abstract

Objective. To conduct comparative characteristics of national and foreign accounting systems and identify the peculiarities of their functioning, which is necessary for Ukrainian enterprises and companies to enter new markets, improve competitiveness, as well as control and analysis of financial performance, preparation and submission of reports. The greatest practical interest is the experience of countries that have formed their accounting systems, fully converted to international accounting requirements and use international financial reporting standards. Methodology. Analysis of the theoretical bases and practical application of accounting systems and models is based on the methods of theoretical generalization, grouping and concretization. Results. Emphasis is placed on the existing classifications of systems and models of accounting, which have been studied by foreign and domestic scientists at different stages of economic development. The classification features, the common features and differences of the accounting systems in different countries were analyzed, the characteristic features of the accounting system in Ukraine and other post-Soviet countries were determined. According to the results of the study, the use of positive aspects in the domestic field of accounting procedures that will ensure the formation of a quality accounting information basis for internal and external users is proposed. Scientific novelty The characteristic features of accounting systems and models in Ukraine and other countries are determined. It is proposed to expand the list of external factors influencing the formation of the domestic accounting system. The necessity of singling out the post-Soviet countries into a separate accounting model, taking into account the peculiarities of their development, is proved. Practical significance. The results of the study provide a scientific and practical basis for the formation and harmonization of the domestic accounting and financial reporting system with the foreign system which will neutralize the impact of negative factors and form a clear concept for the development of the national accounting system.