Shypina S. Accounting for and Control over Financial Results: Theoretical and Methodic Aspect

Thesis is dedicated to the grounding of the theoretical statements as well as working out of the practical recommendations concerning the improvement of organization and methods of accounting for and internal control over financial results of enterprises' activity. The essence of the concepts "financial results" and "profit (loss)" has been clarified in the thesis, the list of limitations of profit in accounting has been grounded, the approaches towards the recognition of sales revenues in the international practice have been systemized; the classification of financial results as an accounting object has been improved. The elements of accounting policy of a business entity in the part of forming, distribution and consumption of the financial results have been improved. The methodic approaches towards the accounting reflection of the sales revenues have been offered; the list of the reporting indicators in the part of financial results has been clarified. The organizational and methodic support of internal control over financial results in the part of deferred revenues and prepaid expenses connected with the sales of finished goods and goods have been improved.