FINANCIAL ACCOUNTING TOOLS ON DIFFERENT STAGES OF FINANCIAL PLANNING

Keywords: financial planning, financial accounting tools, accounting registers, income and expenditure plan, cash balance.

Abstract

The article actualizes the expediency of accounting support of the financial planning process in order to minimize costs. Accounting procedures are identified at each stage of financial planning. It was systemized the accounting registers, which are used to group information about the assets and liabilities of the enterprise during the reporting period. Such information is used in analytical work, planning, budgeting and business process management. In each group of registers was identified information that can be used in financial planning. The forecast indicators of the plan of incomes and expenses from operational, financial and investment activity of the enterprise were systematized. Emphasis is placed on the expediency of forming a plan of cash receipts and expenditures in order to monitor the provision of solvency at all stages of the planning period. It was carried out the classification of forecast indicators of the plan of receipts and expenditures of cash in the context of indicators of operating, investment and financial activities. Moreover it was performed the analysis of the structure of the balance of monetary resources as the final document of the current financial plan.

References

1. Ionin, YE. YE. (2017). Oblikovo-analitychni zasady stratehichnoho finansovoho planuvannya [Accounting and analytical principles of strategic financial planning]. Finansy. Oblik. Banky. – Finances. Accounting. Banks., 1 (22), 23–33. Retrieved from https://jfub.donnu.edu.ua/article/view/5009. [in Ukraine].

2. Іonin, YE. YE. & Ovchinnikova, M. M. (2012). Finansova analityka suchasnoho biznesu [Financial analytics of modern business]. Donetsk: DonNU. [in Ukraine].

3. Ishchenko, N. A. (2012). Finansovyy kontrolinh v systemi upravlinnya finansovoyu diyalʹnistyu pidpryyemstva [Financial controlling in the financial management system of the enterprise]. Naukovi pratsi Kirovohradsʹkoho natsionalʹnoho tekhnichnoho universytetu. Ekonomichni nauky. – Scientific works of Kirovograd National Technical University. Economic sciences. 22, p.1. Retrieved from: irbis-nbuv.gov.ua. [in Ukraine].

4. Nazarova, K. & Zadniprovsʹkyy O. (2018). Audyt otsinky finansovykh instrumentiv [Audit of valuation of financial instruments]. Visnyk KNTEU – Bulletin of the KNTEU.
4. Retrieved from: http://visnik.knute.edu.ua/files/2018/04/9.pdf. [in Ukraine].

5. Oliynyk, O. O. (2019). Finansova stratehiya ahrarnoho pidpryyemstva: teoretychnyy aspekt rozrobky ta modelyuvannya [Financial strategy of an agricultural enterprise: theoretical aspect of development and modeling]. Investytsiyi: praktyka ta dosvid – Investments: practice and experience. 11. DOI: 10.32702/2306-6814.2019.11.26. [in Ukraine].

6. Sobchenko (Kinyeva), T. S. & Hnesʹ, O. P. (2017). Oblikovo-analitychne zabezpechennya upravlinnya finansovymy rezulʹtatamy subʺyektiv maloho pidpryyemnytstva [Accounting and analytical support for managing the financial results of small businesses]. Molodyy vchenyy. Ekonomichni nauky – A young scientist. Economic sciences. 10 (50). Retrieved from: http://molodyvcheny.in.ua/files/journal/2017/10/237.pdf. [in Ukraine].

7. Fatenok-Tkachuk, A. O. (2015). Oblikovo-analitychne zabezpechennya prohnozuvannya u stratehichnomu planuvanni [Accounting and analytical forecasting in strategic planning]. Ekonomichnyy chasopys SNU imeni Lesi Ukrayinky – Lesia Ukrainka East Journal of the EENU. 4. [in Ukraine].

8. Chernetska, A. V. (2017). Oblikove zabezpechennya systemy upravlinnya finansovymy rezulʹtatamy v ahrarnykh pidpryyemstvakh [Accounting support of financial performance management system in agricultural enterprises]. Naukovyy visnyk Uzhhorodsʹkoho natsionalʹnoho universytetu. Seriya: Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo. – Scientific Bulletin of Uzhhorod National University. Series: International Economic Relations and the World Economy. 12, 2. Retrieved from: http://www.visnyk-econom.uzhnu.uz.ua/archive/12_2_2017ua/34.pdf. [in Ukraine].

9. Yatsyshyn, N. (2012). Metodyka analizu finansovoho stanu pidpryyemstva [Methods of analysis of the financial condition of the enterprise]. Ekonomichnyy analiz – Economic analysis. 10(4). Retrieved from: http://nbuv.gov.ua/UJRN/ecan_2012_10(4)__102.file:///C:/Users/Tonya/Downloads/ecan_2012_10(4)__102.pdf. [in Ukraine].
Published
2020-12-31
Section
ACCOUNTING, ANALYSIS, STATISTICS, MATHEMATICAL METHODS AND INFORMATION TECHNOLOG