Goilo N. Accounting and control of intra-group settlements organization and methods

The theoretical, organizational and methodic fundamentals of accounting and control of intra-group settlements have been deeply grounded. The peculiarities of making settlements within the group have been disclosed as well as the definition of the intra-group settlements concept has been formed. The organizational and methodic basis of accounting for the intra-group settlements have been improved in the part of the Project of accounting policies of a group relative to the intra-group settlements, working out the accounting methodic approach as well as the forms of internal reporting for intra-group settlements disclosure. All the recommendations have been systematized and summarized in the provided Project of Guidelines on Accounting for Intra-group Settlements, which will enable the full information disclosure of the state and results of intra-group transactions. The organizational and methodic aspects of internal audit of intra-group settlements have been improved that increases an efficiency of control procedures within the group.