Purpose of research: scientific grounding of the theoretical, organization and methodic recommendations on adapting separate elements of Islamic accounting model to the accounting system of Ukraine. Object of research: Islamic accounting model under globalization. Subject of research: theoretical, organization and methodic issues concerning the functioning of Islamic accounting model and its elements adjustment to the accounting system of Ukraine. Methods of research: cause-and-effect relations, historical method, theoretical generalization, comparison, analysis, synthesis, logical method, grouping, modeling, and analogy. Scientific novelty of the results obtained lies in the theoretical and methodical grounding as well as solving practical issues concerning the adaptation of separate elements of Islamic accounting model in Ukraine. The main statements of scientific novelty of the results obtained lie in the following: for the first time the issues as follows have been obtained: theoretical grounding of the model of disclosing information on social and ecological activity of an enterprise in the part of the adequate reporting, which figures are coordinated with the figures of financial reporting, which enables to carry out economic analysis and control of activity for supporting sustainable development of a separate business entity and country on the whole. The issues have been improved as follows: accounting model of company's profit distribution, which takes into account factors of production engaged in its formation as well as anticipates the generation of the adequate funds as an instrument of supporting sustainable development of economic processes at the enterprise; content of financial reporting (Statement № 1. "Balance Sheet", statement № 2 "Income Statement") in the part of introducing additional figures on using factors of production and profit distribution, which provides the efficiency of their management; stages of introducing reporting on social and ecological responsibility of business entities as well as grounding of the directions of legal securing of this reporting (compulsory definition of the business entities compiling reports, setting responsibility for the fairness of figures, compliance with the principles of Global Reporting Initiative (GRI). The following issues have undergone further development: grounding of accounting significance as an instrument of surmounting negative consequences of globalization by applying separate statements of Islamic accounting model on the basis of specifying the essence of globalization as a factor of accounting development and the suggested classification of its negative social and economic effects; theoretical grounding of the necessity of taking into consideration of the religious factor in the process of forming the accounting system through the prism of social and economic relations, which enabled to determine the reasons and peculiarities of forming Islamic economic doctrine as well as to clarify the place of accounting in it; determining the levels of Islamic economic doctrine revealing in the economic and accounting systems (shaping (religious and legal), macroeconomic, microeconomic, accounting and analytical) and clarifying the essence of specific economic categories as factors of accounting development; revealing special objects, changeability of methods, peculiarities of organization subjects as well as record keeping by proving the dependence of elements of accounting system on environment, which assisted in developing the mechanism of forming organization and methodic statements of Islamic accounting model and detecting directions of improving National Standards of Accounting in Ukraine; proving of dependence of accounting information users' requirements on their material interest, which causes the conflict of interest of the participants of business activity in different accounting models, which enables the determination of the accounting peculiarities as a means of avoiding information asymmetry in economic relations. Implementation extent: research results have been implemented into the practice of PLC "Nyva Expo", PLC "Yemil'cheno Mining Company" № 345 as of 14/04/2009), "REMEKS" company, corporation "Group of Companies "Planet"", private company "Zakhidukrvybukhprom". Research results have been implemented in the educational process of Zhytomyr State Technological University.
