Methodological aspects of organizing accounting and reporting of international road transport at enterprises of the road transport complex according to IFRS

Abstract

The purpose of the article is to summarize the methodological aspects of organizing accounting and reporting of international road transport at enterprises of the road transport complex according to IFRS. Methods. The article was prepared using the methods of generalization, induction, and deduction. Results. The place and role of transport for the country's economy is determined. The synergistic effect of agriculture, processing industry, trade and transport in terms of the formation of added value, tax revenues and foreign exchange earnings from exports is determined to support fiscal stability and the balance of payments of Ukraine. The hypothesis is formulated that in order to form a competitive environment and an investment-attractive environment for international road transportation for foreign investors and partners, it is relevant to form an effective organization of accounting and reporting under IFRS. The institutional support for the organization of accounting and reporting under international standards is determined based on the Program for Reforming the Accounting System with the Application of International Standards (1998), the Strategy for the Application of International Financial Reporting Standards in Ukraine (2007), the Law of Ukraine “On the National Program for Adapting the Legislation of Ukraine to the Legislation of the EU” (2004), the Law of Ukraine “On Accounting and Financial Reporting in Ukraine” with amendments and supplements. A structural and logical scheme of methodological aspects of the organization of accounting and reporting under international standards as a set of consecutive stages is formed, which is based on the tools of strategic management, the need for comprehensive personnel, financial, informational and other changes in the activities of the enterprise of the road and transport complex. The purpose of preparing financial statements and the composition of financial statements under IFRS are summarized. Conclusions. Transport companies providing international freight transportation services are recommended to apply international standards for accounting and reporting, which will create additional opportunities and competitive advantages, which will become especially relevant during the post-war reconstruction of Ukraine.