MODELS FOR THE FORMATION OF THE ACCOUNTING AND ANALYTICAL SYSTEM OF FINANCIAL AND MANAGEMENT REPORTING ON THE BASIS OF THE IFRS INFORMATION PLATFORM

Abstract

As a result of the conducted research, the possibilities of modeling the accounting process at the current stage were considered and models of accounting (financial) and management reporting were developed in the conditions of the transition to IFRS. To the fulfillment of requirements with IFRS 1, "First Application of International Financial Reporting Standards" (IFRS 1), the elements of preparatory work in the conditions of transition to IFRS. The first element of the organizational nature is the development of an accounting policy that falls within the organization's competence. 3 models of accounting policy are presented. As a part of Model 2, a Conceptual Model for the Formation of Accounting Policies in accordance with IFRS is proposed. The model for the formation of methodical provisions of accounting policy under IFRS is proposed. Developed a mechanism for the formation of management accounting policies aimed at preparing information in accordance with IFRS, which increases the reliability of information and allows to optimize the management decision-making process at different levels of management The ways of obtaining IFRS reporting by Ukrainian companies are comparatively analyzed for the identification of the most optimal one and in order to develop proposals for the further development of the method implemented within the framework of its application. The stages of financial statement compilation by means of each of the methods are specified, as well as the conceptual models of automated processing of accounting information using the method of transformation, parallel accounting (conversion), and translation, as well as the proposed combined method of compiling accounting (financial) reporting in the conditions of transition to the use of international standards. The proposed methodology of preparing individual financial statements under IFRS allows a company with the lowest cost of labor and financial resources to collect and aggregate information for the preparation of reporting in an international format that has a fundamental impact on the effectiveness of managerial decisions, which largely depend on the reliability and timeliness of financial and managerial information contained in the relevant reporting, opening new opportunities to the organization for attracting large foreign investors. The concept of the formation of a management accounting and analytical system based on the IFRS information platform has been developed, which includes a step-by-step process of setting up its individual elements with a description of organizational and methodical procedures, with the selection and specification of tools and technologies used at each level of the analyzed procedure. A model of the transformation of accounting reporting into the format of management reports adapted to the requirements of IFRS is proposed, in which the relationship of individual balance sheet indicators by types of activities with other management reports is highlighted.