Abstract
The article raises questions about the methodological aspects of the formation of the chart of accounts, which depend on the singularities of national accounting systems, the users' information needs, and the problems solved by the system. The study identified three types of charts of accounts: the chart of accounts oriented to financial accounting, which is based on the matrix method of building, classification of accounts is based on the principles of the balance sheet and the traditional definition of financial results; the chart of accounts, which assumes detailing the cost accounting and allocating additional classes of accounts to determine the financial results of the production; the chart of accounts of the integrated accounting, allowing the formation of multi-sector information and the data exchange between the accounted subsystems.
Highlights
The development and expansion of business have resulted in its growth beyond the borders of a single country; there is internationalization at all levels of the global economy through the creation of multinational companies and the active development of international stock markets
The article raises questions about the methodological aspects of the formation of the chart of accounts, which depend on the singularities of national accounting systems, the users' information needs, and the problems solved by the system
The study identified three types of charts of accounts: the chart of accounts oriented to financial accounting, which is based on the matrix method of building, classification of accounts is based on the principles of the balance sheet and the traditional definition of financial results; the chart of accounts, which assumes detailing the cost accounting and allocating additional classes of accounts to determine the financial results of the production; the chart of accounts of the integrated accounting, allowing the formation of multi-sector information and the data exchange between the accounted subsystems
Summary
The development and expansion of business have resulted in its growth beyond the borders of a single country; there is internationalization at all levels of the global economy through the creation of multinational companies and the active development of international stock markets. The main volume of information on the activities of a company is contained in the accounting system, which predetermines the methodology of forming the chart of accounts. Each country has its own rules of accounting and reporting. International Accounting Standards used by many companies regulate the rules of reporting, but not the accounting. Management of the current activity and preparing forecasts of a company's development is based on the accounting information prepared under internal rules. The chart of accounts of a modern company should allow generating information that would satisfy different groups of users. Studying charts of accounts as an integral part of national accounting systems allows determining the orientation of the specified system and the possibility of obtaining detailed information on a particular issue, which promotes the development of an optimal approach to the formation of the chart of accounts of international companies
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