Accounting, analysis and control of foreign economic activity at LLC “Altis-Liftservice”

Students Name: Rykunova Veronika Anatoliivna
Qualification Level: magister
Speciality: Accounting and Taxation
Institute: Institute of Economics and Management
Mode of Study: full
Academic Year: 2020-2021 н.р.
Language of Defence: ukrainian
Abstract: Rukynova V.A., Lemishovska O.S. (supervisor). Master’s thesis. - Lviv Polytechnic National University, Lviv 2020. EXTENDED ABSTRACT Changing the scale and nature of foreign economic activity of domestic enterprises put forward new requirements for the methodology and organization of accounting for foreign economic transactions. In this regard, the organization of accounting analysis and control of transactions related to foreign currency, interaction with foreign counterparties, revaluation of assets and liabilities due to changes in exchange rates [1,2]. The implementation of foreign economic transactions by domestic enterprises is one of the conditions for increasing their efficient operation, increasing profitability and competitiveness not only at the international level but also at the national level. Today, the methodology and organization of accounting for foreign economic activity of such enterprises is the most complex and controversial. Study object - accounting, analysis and control of foreign economic activity of the enterprise. Scope of research - the organization and methods of accounting, analysis and control of foreign economic activity of LLC "Altis-Liftservice". Goal of research: generalization of theoretical, normative, legal, methodical and practical aspects of accounting, analysis and control of foreign economic activity and enterprises, as well as the development of practical recommendations for the formation of an effective organizational and economic mechanism for intensifying foreign economic activity of enterprises. Research results. In the work, the economic essence and significance of foreign economic activity in the system of information support of the enterprise activity are revealed, the methods of the analysis of the foreign economic activity of the enterprise, directions and tools of control are considered. The results of economic activity of Altis-Liftservice LLC, its accounting policy are revealed and the foreign economic activity, its structure, dynamics and growth rates are analyzed. The general organization of the accounting process, the procedure of documentation are described, the organization and methods of control at Altis-Liftservice LLC are described. Suggestions for improving accounting, analysis and control at the base company are given. The paper determines that the accounting reflection of foreign economic transactions consists of the main elements of the method of accounting, which should be reflected at each stage of export-import operations [3]. Also, one of the main aspects is the distribution of foreign economic activity by types: exports of goods, exports of services, imports of goods and imports of services, as well as exports and imports of goods without crossing the customs border. According to the results of research, it is established that the analysis of foreign economic activity is carried out using various economic indicators. Each individual indicator should reflect a certain aspect of foreign economic relations of the enterprise, and all indicators should be interconnected, forming a single system of indicators that evaluates all foreign economic activity [4]. According to the results of the analysis, it is established that the import structure of Altis-Liftservice LLC can be characterized as homogeneous. During the analyzed period, the company works with fixed suppliers of lifting equipment abroad. Altis-Liftservice Ltd. imports equipment only to order, so import operations are always planned on time. Documentation of all business transactions in the field of foreign economic activity of Altis-Liftservice LLC and their accounting is conducted in accordance with regulatory documents. Internal and external control of foreign economic activity depend on the time period in relation to the business transaction is carried out appropriate control: before its implementation, during or after. Depending on the control of foreign economic activity is divided into previous, current and subsequent [5]. According to the results of the study of the organization and methods of accounting for foreign economic activity of Altis-Liftservice LLC, it is recommended to make changes to the accounting policy, in terms of the main objects of the company’s import operations. It is recommended to organize accounting at the investigated enterprise in the aspect of settlements with foreign counterparties and customs authorities, to carry out in relation to national and foreign currency. In accounting for counterparties, it is advisable to analytically distinguish between domestic and foreign companies. Keywords: accounting, analysis, control, foreign economic activity, export, import. 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