Modeling of the Organization of Accounting System And Internal Control of Equity in Companies with Foreign Investments

Abstract

Foreign investments are a reliable source of rapid replenishment of the financial strength of Ukrainian enterprises due to the inflow of financial resources. For investors, the presence of an effectively functioning internal control system is an opportunity to minimize any risks and receive the expected amounts of profits, income and other funds as a result of such investments. During the study of the organization of the accounting system and internal control of equity, a complex of general scientific and special methods of cognition was applied, which ensured the comprehensiveness and validity of the results obtained. Economic modeling methods were used to build structural and logical schemes of accounting support and models of the organization of internal control. The article, using logical modeling methods, substantiates and systematizes the key theoretical provisions of internal control of equity in enterprises with foreign investments. An optimization list of organizational regulations for accounting and internal control of equity has been formed, the implementation of which provides an organizational effect, increases the consistency and orderliness of procedures and individual works, and also strengthens the systematic functioning of the accounting and control mechanism in such enterprises. The presented research results form the basis for the adaptation of modern enterprises with foreign investments to the requirements and expectations of international capital markets. At the legislative level, the issues of forming a system of regulatory support for internal control have not been sufficiently addressed, therefore, in the future, work on standardization and development of internal audit standards and internal control of equity are important.