Some Issues of Legal Regulation of Long-term Debt Enterprises
Doing business involves the occurrence of arrears, which affects the financial condition of the enterprise, because it involves the withdrawal of financial resources from current activities for a certain time. Debt management has to take into account a number of factors, such as international and do...
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| Format: | Article |
| Language: | English |
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Zhytomyr Polytechnic State University
2019-12-01
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| Series: | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| Subjects: | |
| Online Access: | http://pbo.ztu.edu.ua/article/view/195610/195981 |
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| Summary: | Doing business involves the occurrence of arrears, which affects the financial condition of the enterprise, because it involves the withdrawal of financial resources from current activities for a certain time. Debt management has to take into account a number of factors, such as international and domestic law. The article deals with the state of regulatory support of issues related to the emergence, accounting (estimation) and maturity of long-term debt of enterprises, and also presents the characteristics of separate normative documents governing the relations between economic entities and accounting of economic processes (in particular, accounts receivable). Discrepancies between domestic and international accounting standards have been identified and the need for a discounting process to assess long-term receivables has been outlined. Based on this analysis, the interrelation of different levels of statutory regulation of long-term debt of enterprises at the international and national levels is substantiated. This allows businesses to take into account the provisions of the legislative framework when developing accounting policies for accounts receivable accounting. |
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| ISSN: | 1994-1749 2708-4957 |