THE FEATURES OF INFORMATION SUPPORT FOR FORMATION OF FINANCIAL RESULTS BY SMALL BUSINESS ENTERPRISES

Abstract

The article summarizes the methodological principles of organizing the formation of information support for financial performance of small businesses in the service sector. Based on the results of the analysis of scientific experience, certain imperfect aspects have been identified that relate to the content of accounting policy, synthetic and analytical accounting of this economic category. As a result, the author proposed the structure of the accounting policy of a small business, which provides the formation of information support for the financial results of its activities. In addition, the article describes the components of accounting policy, which includes three blocks: organizational, methodological and technical. The organizational unit includes certain requirements for the delimitation of responsibilities for the centers of responsibility in the formation of financial results, the scheme of communication links of the accounting system with other components of the management system, which provides information base for the formation of financial results. The methodological block contains the rules for recognizing certain types of income and expenses by type of activity, the choice of method used to generate financial results in the financial statements and for taxation, the distribution of net income, the formation of reserves. The technical unit summarizes the procedure for organizing the flow of documents, the application of the work plan of sub-accounts and analytical accounts of income and expenses, forms of management reporting on the formation of financial results. The paper proposes an algorithm for the formation of information support for the management of income, expenses and financial performance for small businesses in the service sector using the tools of the accounting system. A scheme of synthetic and analytical accounts has been developed, which ensure the formation and accumulation of information on the results of activities, which are reflected in the financial statements of the small business entity in the service sector.