Abstract
In the modern conditions of economic development management in Ukraine, forward and futures contracts allow for reducing risks of price fluctuations that are necessary for economic entities under growing inflation. The number of concluded deals with futures is constantly decreasing, which is influenced by the lack of legal regulation of the taxation of derivatives transactions in Ukraine. Therefore, the purpose of the study is to determine the directions of development of the tax and accounting system for forward and futures contracts. The subject of the study is the methodical provision of tax and accounting for forward and futures contracts. The theoretical and methodological basis of the research is the position of modern economic theory, legislative, normative and instructional documents on taxation. According to the results of the study, accounting and tax accounting for forward and futures contracts is included in the enterprise accounting system. The management of this system is carried out through the improvement of regulations that regulate at the legislative level the tax and accounting of forward and futures contracts. The authors found that at present, in Ukraine, the procedure for accounting for forward and futures contracts is not clearly regulated at the legal level in Ukraine. The analysis showed that the national accounting provisions (standards) contain insufficient information regarding the disclosure of such transactions in the entity’s accounting records. In order to solve these problems, an original systematization of accounting rules for forward and futures contracts based on international financial reporting standards is proposed. The systematization of regulatory accounting rules can be used in the development of methodological recommendations that regulate the accounting of forward and futures contracts in Ukraine. This will solve the problems that exist at this time in managing the development of accounting and tax accounting for forward and futures contracts.
Highlights
В сучасних умовах управління економічним розвитком України форвардні та ф’ючерсні контракти дозволяють знизити ризики коливання цін, що необхідно суб’єктам господарювання в умовах зростаючої інфляції
Вартість інструмента змінюється у відповідь на зміни: 1) встановленої ставки відсотка; 2) ціни фінансового інструмента; 3) ціни товару; 4) валютного курсу; 5) індексу цін чи ставок; 6) показника кредитного рейтингу чи індексу кредитоспроможності; 7) подібної змінної величини; за умови, що, у випадку нефінансової змінної величини, ця змінна величина не є специфічною для сторони договору
Про бухгалтерський облік та фінансову звітність в Україні [Pro buhgalterskyj oblik ta finansovu zvitnist v Ukraini]
Summary
DOI RELEASED ON RECEIVED ON ACCEPTED ON LICENSE JOURNAL ISSN PRINT ISSN ONLINE PUBLISHER FOUNDER. Vlada Karpova http://orcid.org/0000-0003-3712-0391 ResearcherID: http://www.researcherid.com/rid/V-2569-2017 Tetjana Serikova Viktoriia Tyschenko http://orcid.org/0000-0001-5924-2061. Management of the development of the accounting and tax accounting system for forward and futures contracts.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
