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Trends of the Accounting Development in Ukraine Taking into Account Foreign Experience

Author

Listed:
  • Olena Yarmolyuk

    (Polissya National University, Zhytomyr, Ukraine)

  • Olha Dmytrenko

    (Polissya National University, Zhytomyr, Ukraine)

  • Svitlana Viter

    (Polissya National University, Zhytomyr, Ukraine)

Abstract

The article is devoted to the study of current trends of development of the accounting system in Ukraine in the context of the analysis of the positive experience of organizing and implementing accounting processes in foreign countries, as well as the prospects for its application in the context of the variability of the socio-economic environment. Research methodology includes methods of comparison, abstraction, analysis and generalization. The analysis of the features of the implementation of accounting in Ukraine at the present stage of socio-economic development was conducted. The influence of foreign experience on the Ukrainian model of organizing accounting procedures was determined. Based on the generalization of the trends in the development of the Ukrainian accounting system, the characteristic features of the current approaches to organizing accounting procedures were outlined. The features of the transformation of the accounting system under the influence of globalization processes were determined, in particular in the context of Ukraine's implementation of European integration aspirations, are analyzed. On the basis of a comparison of foreign practice of organizing accounting, the most appropriate mechanisms, tools and directions for improving accounting processes for Ukraine were determined. The advantages of implementation of the IFRS standards in the context of national accounting model were disclosed. Key models of accounting organization in foreign countries were characterized. It was proved that the further development of accounting in Ukraine should be carried out in the direction of adapting foreign, in particular European, models of organizing accounting procedures with the requirements of the domestic business environment. In turn, the use of the existing socio-economic and financial potential of the country will help to streamline accounting processes and increase their effectiveness.

Suggested Citation

  • Olena Yarmolyuk & Olha Dmytrenko & Svitlana Viter, 2021. "Trends of the Accounting Development in Ukraine Taking into Account Foreign Experience," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 44-51, March.
  • Handle: RePEc:iaf:journl:y:2021:i:1:p:44-51
    DOI: 10.33146/2307-9878-2021-1(91)-44-51
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    References listed on IDEAS

    as
    1. Volkova, O., 2016. "Do Visual Culture Revolutions Affect Accounting Practices?," Journal of the New Economic Association, New Economic Association, vol. 29(1), pages 54-82.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    accounting; accounting model of Ukraine; accounting standards; European integration; accounting principles; IFRS;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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