Travinska S. Accounting and control of current liabilities at milk processing plants

The thesis is dedicated to generalizing and extension of theoretical principles and development of practical guidelines for improvement of accounting and internal control of current liabilities at milk processing plants. The thesis research provides analysis of theoretical approaches to determination of "current liabilities" category, specifies their main features as objects of accounting and financial statements, and suggests the author's definition of "current liabilities" term. The classification of current liabilities is extended through selection of classification attributes such as objects and subjects of liabilities, way of settlement, timeliness of settlement, opportunity assessment and taxation system. It serves to compilation of the information necessary for managing current liabilities, avoiding mistakes in course of reflecting the ones in financial statements of milk processing plants.