The Unique Opportunities of Accounting To Promote Transparency of Economic Processes
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Date
2018
Authors
Slyozko, Tetyana
Kurilo, Lyudmila
Mazina, Oleksandra
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The article is devoted an important role the Institute of Accounting in the
modern economy. This role is supported by unique institutional and informational opportunities determined by its specific characteristics. On the one hand, accounting is
the legislative and normative institution through which the controlling and regulating institutions influence the economic processes occurring at each enterprise. On the
other hand, the accounting system creates an information database on the actual economic activity of each enterprise required by users. Such a database is formed due to
the fact that accounting is an exclusive registrar of business activities: documentation,
inventory, assessment, calculation, accounts, double-entry bookkeeping, balance, reporting. These methods have such a mathematical feature that has made it possible to
fully them with the latest information technologies. All of these factors allow accounting to provide transparent accounting information to any users and institutions.
Description
Keywords
rules of the game, institutions, accounting, information, transparent economic processes, article
Citation
Slyozko T. The Unique Opportunities of Accounting To Promote Transparency of Economic Processes / Tetyana Slyozko, Lyudmila Kurilo, Oleksandra Mazina // Copernican Journal of Finance & Accounting. - 2018. - Vol. 7, Issue 4. - P. 115-125.