DEVELOPMENT OF ACCOUNTING AS AN INFORMATION SYSTEM IN THE CONDITIONS OF GLOBALIZATION

Abstract

The globalization is an objective process that takes place and covers almost all areas of human activity. The globalization of the economy and the informatization of society affect all spheres of life and affect the development of all branches of knowledge without exception. The above is especially relevant for accounting, which in itself is an information model of economic activity. Socio-evolutionary changes, economic-reformatory transformations, lack of concept for further development of accounting in Ukraine, crisis of modern accounting theory have caused the problem of discrepancy of theoretical and methodological support of accounting development in the socio-economic realities. The purpose of the research is to formulate theoretical and methodological bases of the impact of the globalization on the development of the accounting system and reporting in Ukraine, updating the definition of accounting. The information base of the research is accounting and reporting normative documents, International Financial Reporting Standards, data of the State Statistics Service of Ukraine. To achieve this goal, the following methods were used: grouping and comparison of indicators; abstract-logical; statistical and expert estimates, etc. The development of world relations in the process of the globalization is one of the objective conditions for significant changes both in the Ukrainian accounting and reporting system and in the accounting systems of other countries. The article highlights the peculiarities of applying IFRS for enterprises in Ukraine and in the world; the evolution of the legal framework of accounting introduction in Ukraine in accordance with the international legal norms has been investigated; the processes of implementation of the IFRS in Ukraine and their implementation in modern conditions are investigated too; an assessment of the state of application of the IFRS and a comparison of the regulatory reporting requirements in accordance with the national and international regulations were provided; the differences between the IFRS and national financial reporting standards have been identified. The article concludes that in the near future the development of the accounting and reporting system in Ukraine should be expected to prevail in the process of application of the IFRS, further harmonization of the R(S)A with the requirements of the IFRS and EU Directives.