ACCOUNTING AND ANALYTICAL PROVISION OF THE PROCESS OF MANAGEMENT OF UNCOLLECTIBLE RECEIVABLES

Abstract

Purpose. The study of the existing method of accounting for uncollectible receivables and the development of proposals for improving the legal and regulatory framework for the formation of the accounting and information provision of the process of management of uncollectible receivables of economic entities. Methodology of research. In the process of research, the following methods have been used: theoretical generalization and comparison have become the basis for studying the methodology of accounting of uncollectible receivables of the enterprise in accordance with Regulation (standard) of accounting 10; the logical method, the methods of induction and deduction, grouping and generalization were the basis of proof of the relationship of uncollectible receivables and financial results of the enterprise; the graphic method was used in constructing a scheme of methods of accounting of uncollectible receivables; the monographic method was used in presenting the results of the research. Findings. The necessity of making changes to the current legal acts on the regulation of issues of accounting of uncollectible receivables and the creation of reserves of doubtful debts was been proved. Proposals for introducing amendments to Regulation (standard) of accounting 10 were developed with the purpose of formation of proper accounting and information provision of the process of management of uncollectible receivables of economic entities. Originality. Concrete proposals for amending amendments to Regulation (standard) of accounting 10 have been developed regarding the determination of the coefficient of doubt, and hence the reserve of doubtful debts that will strengthen the control over the effectiveness of making managerial decisions for the recovery of uncollectible receivables. Practical value. The main provisions of this study, in the form of proposals and methodological recommendations, can be used by business entities when forming the accounting policy of the enterprise in terms of accounting of uncollectible receivables and creating reserves of doubtful debts.