The Place and Role of the Working Chart of Accounts in the Company’s Information System

Abstract

The article is aimed at defining the place and role of the working chart of accounts in the company’s information system, as well as allocating problematic issues related to the process of developing and implementing a working chart of accounts by domestic enterprises. The normative legal documents on regulation of the list of accounting records, which can be used by enterprises, organizations and institutions, are considered. The emphasis is placed on adapting the legal requirements to the company’s practice and its industry features in the formation of a working chart of accounts. The problem, which is allocated, lays in the designing of the enterprise’s information system when building a working chart of accounts in terms of determining its volume. The possibility of small business entities choosing to apply a common or simplified chart of accounts is emphasized. It is concluded that the model of the working chart of accounts of budgetary institutions requires some preparatory work at the level of the central regulatory body - the Ministry of Finance of Ukraine. Prospect for further research is the continuation of theoretical research on the technical component of the accountance of domestic enterprises.

Keywords

• accounting
• accounting record
• chart of accounts
• working chart of accounts
• information system