PROBLEMS OF ORGANIZATION AND MAINTENANCE OF FINANCIAL ACCOUNTING IN THE CONDITIONS OF IMPLEMENTATION OF THE LATEST METHODS AND TOOLS

Abstract

The relevance of the research topic is related to the emergence of a number of new challenges for the financial accounting system along with unresolved problems that have existed for a long time. The purpose of the research is to study the existing problems of financial accounting and outline the new challenges of modernity, which carry both threats and opportunities. The following scientific methods were used in the article: analysis and synthesis, generalization, the method of establishing causal relationships, the method of economic and statistical analysis, and graphic methods. As a result of the research, a number of problems were identified, which were defined as "traditional", that is, those that have existed for a long time, as well as a group of problems characterized as "new challenges", which are mostly associated with the emergence of innovative accounting tools. "Traditional" problems were considered in general and in terms of individual directions. The characteristics of the new challenges consist in the disclosure of the most popular modern financial accounting tools and the risks associated with their use. As a result of the study, it is stated that part of the existing problems of accounting and financial accounting should be solved at the state level by making changes to the legislative framework. Another part of the problems can be solved through the introduction of the latest technologies. It is emphasized that inefficient and inappropriate application of new technologies may not lead to the improvement of financial accounting organization, but to the appearance of new problems. The direction of further research may be to study the experience of other countries in harmonizing IFRS with national reporting standards and the use of the latest technologies, as well as in finding ways to adapt this experience to Ukrainian realities.