Organization of Accounting and Analysis of Commitments in the Asset Management Companies

Olha Usatenko ()
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Olha Usatenko: State Higher Education Institution 'National Mining University', Dnipro, Ukraine

Oblik i finansi, 2016, issue 3, 43-49

Abstract: The object of the article is the state assessment of organization of accounting and analysis of commitments in the asset management companies and the provision of proposals on its improvement. The analysis of financial statements of asset management companies of Dnipropetrovsk region was held. The scope and structure of commitments and provisions of asset management companies for the year 2015 were determined. Economic substance of provisions was figured out and principles of their reflection in accounting and financial reporting were disclosed in accordance with requirements of International Financial Reporting Standards. Form of operating balance sheet statement composition for carrying-out of financial condition analysis of asset management companies was proposed. Based on the data obtained from the operating balance sheet statement, the calculated indicators of financial condition of asset management companies essentially improved the value of financial ratios. Also were proposed the accounting policies components that will significantly improve the quality of accounting process, will help to unify accounting methodology in asset management companies and will provide users of financial statements with accurate and appropriate information about the financial statement of the enterprise and its ability to pay.

Keywords: asset management companies; commitments; provisions; organization of accounting; analysis; indicators of financial condition; accounting policies (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2016
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