UDC 657.42; JEL M40
Kuzmin, O., & Yastrubskyy, M. (2018). Rozvytok obliku sub’yektiv maloho pidpryyemnytstva Ukrayiny v umovakh yevrointehratsiyi [Development of accounting of small enterprise entities of Ukraine in the conditions of European integration]. In Sotsial'no-ekonomichni problemy suchasnoho periodu Ukrayiny [Socio-Economic Problems of the Modern Period of Ukraine]: Vol. 129 (1) (pp. 148-151). Retrieved from http://ird.gov.ua/sep/doi/sep2018.01.151. [in Ukrainian].
Sources: 5

Authors



Kuzmin Oleh Yevhenovych

Doctor of Economics, Professor

Director, Head of the Department of management and international business of the Institute of Economics and Management of the Lviv Polytechnic National University

Contacts: oleh.y.kuzmin@lpnu.ua, okuzmin@lp.edu.ua

Webpages:

Yastrubskyy Mykhaylo Yaroslavovych

Ph.D. of Economics, Associate Professor

Associate Professor of the Department of accounting and analysis of the Institute of Economics and Management of the Lviv Polytechnic National University

Contacts: oalp@ukr.net, mypolynet@rambler.ru

Webpages:

Resume

The process of Ukraine’s European integration is at its development stage. It is accompanied by the range of changes, which should be undertaken in economic, social and educational directions. Due to its dominating role, most attention is paid to economic component. Development of small entrepreneurship takes important place in the list of tasks to be solved in the course of European integration, as far as it promotes gradual creation of significant layer of small owners as the component of strong foundation of Ukrainian economic system. The article deals with the problems of adaptation of the International Financial Reporting Standards for small and medium enterprises of Ukraine in the conditions of European integration. The increase in the share of small and medium enterprises is a stable tendency of the modern economic system of Ukraine. The review of the legislation of Ukraine on the regulation of the activities of small business entities, as well as the organization of accounting and reporting is presented. The orientation towards the European integration of Ukrainian economy leads to changes in the legal and regulatory framework of the accounting sphere. This is manifested in a phased transition to international accounting and financial reporting standards. At the same time, the legislative regulation of the organization of accounting of small business entities in matters of transition to international standards needs to be further explored. The existing differentiation of small businesses involves their division into small enterprises and micro enterprises. This was manifested in the differences in the organization of accounting and forms of financial reporting. The differentiation of single tax payers, which also belong to small businesses, shows the differences in the organization of accounting, depending on belonging to the group of single tax payer.
In the process of developing international financial reporting standards for small and medium-sized enterprises, the aim was to obtain relevant, reliable and useful information on which qualitative and understandable accounting standards can be established for small and medium-sized enterprises. A prerequisite for the introduction of standards is that the costs of preparing financial statements for owners and other stakeholders will not exceed the benefits of providing such information. Therefore, the adoption of IFRS for SMEs should be preceded by appropriate preparatory work, in particular bringing different legislative acts to the same treatment of the conceptual category of small business.
The foreign experience of implementation of the provisions of the Standard is outlined. The controversial attitude of EU member states towards IFRS for SMEs is highlighted, where the national peculiarities of small businesses’ economic activity are the first.

Keywords:

small business entities, accounting, reporting, association of Ukraine to the EU, international financial reporting standards for small and medium-sized enterprises

References


1. Stanko, V. Yu. (2012). Yevropeysʹki tendentsiyi rozvytku mʺyasnoho skotarstva [European tendencies in the development of meat cattle breeding]. In Zbirnyk naukovykh prats’ Tavriys’koho derzhavnoho ahrotekhnolohichnoho universytetu (ekonomichni nauky) [Proceedings of the Tauride Agrotechnological State University (Economic sciences)]: Vol. 2 (18.1) (pp. 361-368). [in Ukrainian].
2. Cabinet of Ministers of Ukraine (2010). Pro zatverdzhennya Poryadku vykorystannya koshtiv, peredbachenykh u derzhavnomu byudzheti dlya chastkovoho vidshkoduvannya subʺyektam hospodaryuvannya vartosti budivnytstva ta rekonstruktsiyi tvarynnytsʹkykh ferm i kompleksiv ta pidpryyemstv z vyrobnytstva kombikormiv [On Approval of the Procedure for Using the Funds Envisaged in the State Budget for Partial Refunding to the Business entities of the Cost of Construction and Reconstruction of Livestock Farms and Complexes and Enterprises for the Production of Mixed Fodders]. Resolution on 2010, Oct 04, 900. Retrieved from http://zakon4.rada.gov.ua/laws/show/900-2010-%D0%BF [in Ukrainian].
3. Lupenko, Yu. O., & Mesel-Veselyak, V. Ya. (Eds.). (2012). Stratehichni napryamy rozvytku silʹsʹkoho hospodarstva Ukrayiny na period do 2020 r) [Strategic directions of development of agriculture of Ukraine for the period till 2020]. Kyiv: SEC IAE. [in Ukrainian].
4. Ministry of Agrarian Policy of Ukraine, Ukrainian Academy of Agrarian Sciences (2011). Vidrodzhene skotarstvo: natsionalʹnyy proekt [Revived cattle breeding: national project]. Kyiv: DIA. [in Ukrainian].
5. Kontseptsiya prohramy rozvytku fermerstva v Ukrayini na 2005-2015 roky [Concept of the program of development of farming in Ukraine for 2005-2015] (2004). Website of the Consumer Cooperatives in Ukraine. Retrieved from http://www.coop.in.ua [in Ukrainian].
6. Boyko, V. I., & Mamchur, L. V. (2011). Rynok mʺyasa: svitovi tendentsiyi rehionalʹnoho rozvytku vyrobnytstva [Meat market: world trends in regional development of production]. Ekonomika APK – The Economy of Agro-Industrial Complex, 1, 145-148. [in Ukrainian].
7. Putsenteylo, P. R. (2011). Perspektyvy rozvytku vyrobnychoho potentsialu mʺyasnoho skotarstva Ukrayiny [Prospects for the development of the production potential of meat cattle breeding in Ukraine]. Stalyy rozvytok ekonomiky – Sustainable Development of Economy, 1, 15. [in Ukrainian].