OVERVIEW OF ACCOUNTING AND REPORTING REGULATION IN MINING ENTERPRISES

Abstract

The main requirement for mining enterprises in the context of Ukraine's European integration is the transition to new international standards for accounting for economic transactions and accounting for these transactions, taking into account the specifics of the industry. Nowadays the regulatory framework for accounting and reporting of the extractive industry is not sufficiently regulated, so there is a need to develop industry methodologies and develop specific methods of accounting for such activities, taking into account the specifics of this industry and international requirements. Improving regulations will adapt the national accounting and reporting system to new requirements, increase the efficiency of accounting at mining enterprises, ensure transparency and accuracy of reporting for a wider range of stakeholders, including Ukrainian and foreign. The article systematizes and investigates the main problematic aspects of regulatory legislation of accounting and reporting of mining enterprises. The classification of regulative maintenance of accounting and reporting of mining enterprises is offered. Possible ways to solve these problems by developing and adopting international standards, conducting comprehensive and large-scale work to create more detailed and adapted standards for the mining industry are considered.