Accounting, analysis and audit of receivables at PrJSC “Lviv Locomotive Repair Plant”
Students Name: Lozynska Valentyna Yaroslavivna
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: Lozynska V.Ya., Skibinska Z. M. (supervisor). "Accounting, analysis and audit of receivables of PJSC" Lviv Locomotive Repair Plant ". Master’s qualification work. - Lviv Polytechnic National University, Lviv, 20020. Accounts receivable - is the amount of debt receivables to the company at a certain date. If the maturity of receivables that do not arise during the normal operating cycle is less than a year, it refers to the current one. Accounts receivable that arise during the normal operating cycle are recognized as current regardless of the maturity. If the enterprise’s current receivables include receivables with a maturity of less than 12 months and receivables with a maturity of more than 12 months from the balance sheet date, such information should be disclosed in the notes to the financial statements. To classify receivables as long-term or current, it is necessary to take into account the period remaining until the repayment of the debt from the balance sheet date. If there is a certainty that the current receivables will not be repaid or the statute of limitations has expired for such receivables, it is considered bad. Current receivables, for which there is uncertainty in its repayment by the debtor, is a doubtful debt. In order to avoid a sharp increase in costs when writing off receivables, the provision for doubtful debts is provided. The amount of the accrued reserve is included in other operating expenses of the reporting period. The object of research is PJSC "Lviv Locomotive Repair Plant". The subject of research - the organization and methods of accounting, analysis and audit of receivables. The purpose of the study: to substantiate the provisions on accounting for receivables, as well as the development and provision of practical advice that can help improve the organization of accounting and management accounting for receivables at the selected company. In accordance with the goal I was: - clarified the essence of receivables, the possibility of its recognition and evaluation in the accounting of the enterprise; - the normative-legal ways of regulation of accounting and tax accounting of receivables are investigated; - the financial condition of the basic enterprise chosen by me for research is defined; - the organization of accounting at the enterprise chosen by me is investigated; - analysis of the composition, structure and dynamics of receivables for 2015-2019 at the selected company; - recommendations have been formed that will help improve the system of accounting, analysis and audit of our receivables at the selected company. Key words: receivables, calculations, buyers, customers, accounting, analysis, audit. List of used literature sources. 1. Glushko AD Management of receivables in the system of ensuring the effective operation of the enterprise / A.D. Glushko // Effective economy. 7. 2018. pp. 18-23. 2. Gritsay OI, Stanasyuk NS Management of receivables of the enterprise in the context of its accounting and analytical support / O.I. Gritsay, N.S. Stanasyuk // Economy and Society. Issue 15/2018. Pp. 825-832. 3. Kruchak LV Methods of analysis of receivables in the enterprise management system / L.V. Kruchak // Scientific Bulletin of the International Humanities University. Pp. 161-165. 4. Makarenko AP, Kuchkina DD Improving the audit of calculations with buyers and customers at the enterprise / A.P. Makarenko, DD Kuchkin // Economic Thought. Investments: Practice and experience № 2/2020. Pp. 29-35. 5. Ocheretko LM, Koncheva MO Formation of accounting and information support of receivables management of the enterprise / L.M. Очеретько, М.О. Koncheva // Sustainable Economic Development 2’2015 [27]. Pp. 221-226. 6. Payanok T., Savchenko A. Analysis of receivables of the enterprise with the help of economic and mathematical methods / T. Payanok, A. Savchenko // Economist. Challenges of time. № 3. 2017. pp. 27–32. 7. Pilnova VP Adherence to the balance of receivables and payables as an indicator of stable financial condition of the enterprise / V.P. Pylnova // Economic Thought. Investments: practice 36 and experience № 1/2020. Pp. 33-38.