Accounting analysis and audit

Reforming of accounting for consequences of emergencies caused by hostilities as an element of state policy

Economic Annals-XXI

Economic Annals-ХХI: Volume 162, Issue 11-12, Pages: 104-108

Citation information:
Grytsyshen, D. (2016). Reforming of accounting for consequences of emergencies caused by hostilities as an element of state policy. Economic Annals-XXI, 162(11-12), 104-108. doi: https://doi.org/10.21003/ea.V162-21

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Dymytrii Grytsyshen
D.Sc. (Economics),
Associate Professor,
Zhytomyr State Technological University
103 Cherniakhovsky Str., Zhytomyr, 10005, Ukraine
gritsishen.do@gmail.com

Reforming of accounting for consequences of emergencies caused by hostilities as an element of state policy

Abstract. The authors of the article have improved the existing methodological framework related to accounting for enterprises’ property and property transactions on the temporarily occupied territories with differing order of accounting which depends on accessibility (recognition of property loss, its disposition, preservation, and transportation), which appears to be an informational basis for decision-making concerning enterprises’ activities on the temporarily occupied territories.

The article deals with methodological proceedings of accounting for economic and environmental consequences of the hostilities for enterprises fully or partly functioning within a territory during or in connection with hostilities with regard to: 1) business activities on the territory controlled by state authorities in the part of the structure of inventory objects and the relevant results, valuation of current and non-current assets and operation cost, as well as the reflection of loss of assets on the accounts, work in progress and the costs involved; 2) business activities on the territory outside the control of state authorities in the part of the preservation of property and the writing-off of loss of property, which is determined by the ability to receive official information.

Keywords: Accounting; Public Management; Accounting Legislation; Consequences of Emergencies; Loss; Property; Liabilities; Autonomous Republic of Crimea; Donetsk Region; Luhansk Region

JEL Classіfіcatіon: M40; M41

DOI: https://doi.org/10.21003/ea.V162-21

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Received 15.09.2016

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