Improvement accounting information regarding profit distribution in the context of modern management needs
DOI:
https://doi.org/10.35774/visnyk2024.02.164Keywords:
profit, profit formation, profit distribution directions, accounting, accounting information, analytical informationAbstract
Introduction. Accounting data form the core of the management information system. Understanding the basic principles of profit allocation methodology is important for management personnel, while awareness and application of rules for reflecting profit information in accounting and reporting are crucial for accounting staff.
The aim of the article is to identify opportunities to enhance the effectiveness of using accounting information on profit distribution for management purposes.
Methods. The following methods were used in the research process: analysis, synthesis, generalization, abstraction, induction, deduction, analogy, comparison, specification, structural-logical, and tabular methods. The information base of the study included works by domestic and foreign scholars, current legislation, and personal experience.
Results. The article defines the concept of “profit distribution” from the perspective of modern management needs. It is proposed to allocate income tax in accordance with the debit balance of accounts 79. The main directions of profit distribution are systematized into groups of 1) stability and development and 2) withdrawal. Accounts of the 3rd order to sub-account 443 are proposed to obtain accounting information on the directions of profit utilization and consumption. Sub-accounts 4411 “Profit (loss) from core activities” and 4412 “Profit (loss) from other operating activities” are defined and detailed by profit responsibility centers. It is proposed to detail the Balance Sheet and the Statement of Comprehensive Income by profit distribution directions.
Perspectives. The main directions of further research may include harmonizing management and accounting needs in the context of grouping and analytical presentation of accounting data both in accounting accounts and in financial and internal reporting of the enterprise.
References
Babich, V. V., Poddierohin, A. M. (2012). Udoskonalennia obliku formuvannia, rozpodilu y vykorystannia prybutku [Improving the accounting for the formation, distribution and use of profits]. Finansy Ukrainy – Finance of Ukraine, 2, 103-110. [in Ukrainian].
Melen, O. V., Maistruk, O. D. (2017). Doslidzhennia ta analiz problemnykh pytan orhanizatsii obliku finansovykh rezultativ [Research and analysis of problematic issues in the organization of financial results accounting]. Ekonomika ta suspilstvo – Economy and society, 12, 1385-1390. [in Ukrainian].
Polishchuk, I. R., Kolesnikova, M. L. (2014). Klasyfikatsiia prybutku ta napriamy yoho rozpodilu dlia tsilei bukhhalterskoho obliku: stratehichnyi aspekt [Classification of Profit and Directions of its Distribution for Accounting Purposes: Strategic Aspect]. Problemy teorii ta metodolohii bukhhalterskoho obliku, kontroliu i analizu – Problems of theory and methodology of accounting, control and analysis, 1 (28), 238-252. [in Ukrainian].
Haidarzhyiska, O. M., Bondarenko, O. M., Ivchenko, M. Yu. (2018). Poriadok formuvannia i vykorystannia prybutku pidpryiemstva v bukhhalterskomu obliku [Procedure for the formation and use of company profits in accounting]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu – Scientific Bulletin of Uzhhorod National University, 21, 38-41. [in Ukrainian].
Chyzhevska, L. V., Siratska, A. V. (2016). Udoskonalennia bukhhalterskoho obliku rozpodilu ta vykorystannia nerozpodilenykh prybutkiv (nepokrytykh zbytkiv) v aktsionernomu tovarystvi [Improving accounting for the distribution and use of retained earnings (uncovered losses) in a joint-stock company]. Ekonomika i suspilstvo – Economy and society, 7, 992-996. [in Ukrainian].
Bezkorovaina, L. V. (2015). Osoblyvosti obliku vlasnoho kapitalu na pidpryiemstvakh [Peculiarities of equity accounting at enterprises]. Hlobalni ta natsionalni problemy ekonomiky – Global and national economic issues, 4, 950-954. [in Ukrainian].
Kuz, V. I. (2011). Oblik formuvannia finansovykh rezultativ ta rozpodilu prybutku v aktsionernykh tovarystvakh [Accounting for financial results and profit distribution in joint stock companies]: avtoref. dys. … kand. ekon. nauk. 08.00.09 – accounting, analysis and audit (by types of economic activity). Kyiv. 21 р. [in Ukrainian].
Zhyhlei, Y. V., Syvak, E. B. (2013). Bukhhalterskyi uchet kak ynstrument spravedlyvoho raspredelenyia prybыly: otobrazhenye raskhodov na blahotvorytelnost [Accounting as a tool for equitable distribution of profits: reflecting charitable expenditures]. Problemy teorii ta metodolohii bukhhalterskoho obliku, kontroliu i analizu – Problems of theory and methodology of accounting, control and analysis, 2 (26), 75-100. [in Ukrainian].
Berliak, H. V., Pyrizhok, S. Ye. (2020). Osoblyvosti formuvannia, obliku ta rozpodilu prybutku innovatsiinoho pidpryiemstva [Peculiarities of formation, accounting and distribution of profit of an innovative enterprise]. Problemy teorii ta metodolohii bukhhalterskoho obliku, kontroliu i analizu – Problems of theory and methodology of accounting, control and analysis, 3, 9-13. [in Ukrainian].
Demska, Yu. V. (2022). Bukhhalterskyi oblik ta kontrol rezerviv kapitalu pidpryiemstv [Accounting and control of capital reserves of enterprises]: dys. …d-ra filosofii: 071 – Oblik i opodatkuvannia – thesis ... doctor of philosophy: 071 – accounting and taxation. Lviv. 230 p. [in Ukrainian].
Pro tovarystva z obmezhenoiu ta dodatkovoiu vidpovidalnistiu: Zakon Ukrainy № 2275-VIII vid 06.02.2018 redaktsii vid 22.02.2024 (3587-IX) [About llimited liability companies and additional liability companies: Law of Ukraine № 2275-VIII dated February, 3, 2018, as amended from February, 22, 2024 (3587-IX). Retrieved from https://zakon.rada.gov.ua/laws/show/2275-19#Text. [in Ukrainian].
Hospodarskyi kodeks Ukrainy: Zakon Ukrainy vid 16.01.2003 № 436-IV (2003) [The Commercial Code of Ukraine: Law of Ukraine of January 01, 2003. №. 436-IV. Retrieved from https://zakon.rada.gov.ua/laws/show/436-15#Text. [in Ukrainian]
Podatkovyi kodeks Ukrainy: Zakon Ukrainy vid 02.12.2010 № 2755-VI (2010) [The Tax Code of Ukraine: Law of Ukraine of December 02, 2010 № 2755-VI]. Retrieved from https://zakon.rada.gov.ua/laws/show/2755-17#Text. [in Ukrainian].
