Glushchuk O. Accounting and Analysis of Transactions on the Suspension of Enterprise Operations and Its Solvency Resumption

Object of research - business transactions on liquidation, reorganization and sanation of industrial enterprises of Zhytomyr region. Purpose of research - the methodology development and giving suggestions on its basis concerning the further improvement of accounting reflection of procedures on the suspension and solvency reactivation of the industrial enterprises' activity, as well as the methodic of analysis carrying out for these procedures. Methods of research: induction, deduction, theoretical summarizing, grouping, comparison, normative-calculation, balance-sheet method. The theoretical and practical results: the urgent problems connected with improvement of accounting and analysis of transactions on suspension and solvency reactivation enterprise's activity have been researched and solved. The results of research have been used in author's publications, study materials and conference speeches as well as in activity of the industrial enterprises. The scientific novelty lays in establishment, clarifying and solving of theoretical and methodic objectives connected with accounting and analysis of transactions on suspension and solvency reactivation of an enterprise's activity. During research the results, characterized by scientific novelty, have been obtained as follows: for the first time: the application of the accounting principles according to the effective legislation for the accounting reflection of the procedure on the suspension of an enterprise's activity has been researched; the fact that absolute insolvency leads to the bankruptcy of an enterprise-debtor has been determined; relative insolvency characterizes debtor's level of insolvency; the issues have been improved as follows: terminology set in the part of defining the concepts: "bankruptcy" taking into account the moment of bankrupt recognition; "intermediate liquidation balance-sheet", which is the prerequisite of appropriate understanding and accounting reflection of such objects; the inadvisable application of the term "auditing forsanation" has been grounded; the classification of the procedures on suspension and solvency reactivation of an enterprise's activity taking into consideration the accounting objectives by different classification characteristics; an order of documenting of transactions on the liquidation, reorganization and sanation of the enterprises, which provides an opportunity to carry out an effective control for the accurate reflection of primary documents data in accounting; the issues have undergone the further development as follows: methodic of accounting for the transactions on liquidation and solvency reactivation of the industrial enterprises, as well as methodic of analysis of the researched procedures with the aim of their proper accounting reflection; the forms of statements (intermediate liquidation balance-sheet, preliquidation balance-sheet, distributive balance-sheet) as well as the methodic of their preparation for the enterprises, that are suspending their activity or reactivating their solvency havebeen offered. Extent of implementation: the results of research are used in the activity of the industrial enterprises of Zhytomyr region (PLC "Lyonotex", Novograd Volynsky zavod prodovolstvennyh tovarov), as well as in the study process of ZSTU while teaching "Financial Accounting" and "Economic Analysis". Efficiency of implementation: provides establishment of an effective system of accounting and analysis of the transactions on liquidation and solvency reactivation of an enterprise. Sphere of usage: business activity of the industrial enterprises.