Actual problems of innovative economy

The journal is added to the the List of printed scientific professional publications in the field of economic Sciences by the Ministry of education and science of Ukraine from 11.07.2016 No. 820
The journal is indexed in the International Scientific Center of Index Copernicus International
The journal is included in the list of printed scientific professional publications of category «Б» in the field of eco-nomic sciences by the order of the Ministry of Education and Science of Ukraine dated 28.12.2019 № 1643

Problematic aspects of accounting and financial reporting consolidation in enterprise management

УДК: 330.1:338

DOI: https://doi.org/10.36887/2524-0455-2021-1-7

Ткачук Галина Олександрівна,
доктор економічних наук, доцент,
доцент кафедри обліку та аудиту, Одеська національна академія харчових технологій,
ORCID ID: 0000-0003-1438-5039
Іванченкова Лариса Володимирівна,
доктор економічних наук, професор,
професор кафедри обліку та аудиту, Одеська національна академія харчових технологій,
ORCID ID: 0000-0002-8461-7846
Скляр Лариса Борисівна,
кандидат, доцент кафедра обліку та аудиту,
Одеська національна академія харчових технологій,
ORCID ID: 0000-0002-8332-8823
Лагодієнко Наталія Володимирівна,
доктор економічних наук, доцент,
професор кафедри бухгалтерського обліку і аудиту
Миколаївського національного аграрного університету,
ORCID ID: 0000-0001-6201-1555

Abstract

This article considers the features and problematic aspects of the consolidation of financial statements prepared in accordance with the requirements of international financial reporting standards for groups of food industry enterprises. The relevance of the chosen topic is justified by the growing number of associations in the food industry, expanding the information needs of users in consolidated financial statements, the constant transformation of national accounting standards, strengthening the process of European integration and globalization. The methods of review analysis of normative sources and scientific literature, systematization of the obtained results and modeling of economic processes, results generalization of scientific researches were used in the work. The authors formulate the principles of consolidation of financial statements, which are essential for the enterprise management system. The sequence of the process of consolidation of financial statements, which is presented schematically, is studied. The main stages of consolidation of financial statements in accordance with the requirements of IFRS are identified. The authors provide a general content description of the constituent stages of the consolidation process using a summary table. Methods of the financial reporting consolidation are investigated. According to the results of the study, the problems that are significant for the consolidation of financial statements according to international standards and associations of enterprises / food industry are identified and conclusions are made on ways to improve the existing methodology of consolidation and further scientific achievements.

Keywords: accounting, financial reporting, consolidation of financial statements, international financial reporting standards, enterprise management.

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The article was received 20.12.2020