Anton Bosenko
master, Kyiv National University of Culture and Arts

The article stipulates that the performance of small and medium business is largely dependent on the economic environment of their operation. Established that the instability of the environment and the need to adapt to the conditions of its capacity to achieve their own goals requires small and medium businesses use an effective development strategy. The conclusion about the necessity of forming strategic alternatives of development of small and medium business in Ukraine.

TENDENCIES OF FORMATION OF STRATEGIC ALTERNATIVES SMALL AND MEDIUM BUSINESS IN UKRAINE

Olha Kryvytska
PhD, associate professor of Finance, Accounting and Auditing Department, The National University of Ostroh Academy

Olha Vietrova
magister, National University «Ostroh academy»

The article analyzes the dynamics and structure of foreign direct investment by multinationals in Ukraine. Industries of the national economy of Ukraine attracting foreign investments most are described. Distributing of the attracted lines of foreign investments is investigated according to the basic regions that are recipients of investments of Ukraine. The necessity of bringing in foreign investments in modern terms is substantiated. The main problems of foreign investments flows.

THE ACTIVITIES OF MULTINATIONAL COMPANIES: PROBLEMS AND POSSIBILITIES

Dmytro Nikytenko
PhD, Associate Professor of Economics, National University of Water and Environment

The article investigates the nature of the investment policy defnition and the stage of its transformation. The author notes that there is no clear unity in the defnition of the concept of investment policyin the research direction. The article suggests that the reasons for the lack of unity may be the heterogeneity of approaches to determining the economic essence of investment policy, and the influence of external factors. The author offers defnition of the concept of investment policy which takes into account modern trends and challenges.

ESSENCE AND CONTENT FEATURES OF THE «INVESTMENT POLICY» DEFINITION

Bogdan Punko
Doctor of Economics, Professor, Department of Foreign Economic Management, Lviv, Ukraine

Formulated scientifc views of the problem control risky investment capital as a means of intensifcation of industryoriented innovative investment activity in the country. The world ranking of industries according to intensity of investments in research and development. Identifed features of investing in phases and stages, the comparison of the characteristics and peculiarities of regulation of investment processes in developed countries and Ukraine. Presented and analyzed the data on foreign direct investment (equity capital) from countries in the economy of Ukraine (2010-2015), on the income of the population of Ukraine (2010-2014), and presentable estimates: dollar exchange rate, revenues in millions US$, the ratio of income to investment.

RISKY INVESTMENT CAPITAL AS A MEANS OF INTENSIFICATION OF INNOVATIVE INDUSTRY-ORIENTED INVESTMENT ACTIVITY OF THE COUNTRY

Ivan Brovdi
magister, National University of Ostroh Academy

The article examines the methods of enterprises operational costs rationalization for affecting enterprises’ fnancial results positively. Such methods of enterprises operational costs rationalization as using modern methods of motivating employee’s in order to increase their productivity, apply cost organizing methods and using energy saving technologies are suggested.

DIRECTIONS OF ENTERPRISES’ OPERATING COSTS RATIONALIZATION

Kateryna Dobrodii
magister, National University Ostroh academy

The article deals the essence of non-current assets of the company, are main sources it. There are analysis sources of non-current assets for example one of the biggest company in Ukraine. Also, there are of indicators of company, status and movement of fixed assets, identify type of reproduction, that are ensuring the process of business enterprise.

ESTIMATION OF NON-CURRENT ASSETS FOR ENTERPRISE

Mykhailo Karpovych
magister, National University «Ostroh Academy»

The article reviewed and analyzed key aspects of innovative models to attract outsourcing and frilansynhu for small businesses. Discovered prospects, advantages, disadvantages and risks of innovative methods of production process to ensure competitive advantage for the company. Research stepwise mechanism of outsourcing companies based on outsourcing costs singled elementary mechanism.

CURRENT ASPECTS OF OUTSOURCING AND FREELANCING FOR SMALL BUSINESSES

Olga Kneysler
Doctor of Economics, professor, head of finance and insurance undertakings Ternopil National Economic University

Natalia Nalukova
PhD, assistant professor of finance and insurance undertakings Ternopil National Economic University

Introduction. The system of economic entities financial stability evaluation is a condition for their stable operation. Based on indicators of that system directors has the ability to make effective financial decisions related to the operations of the company and to control the degree of independence from external funding sources. Purpose. To identify the most suitable approach to assessing the financial stability of the company, group and organize indicators by using which the level of financial stability can be assessed comprehensively, to get the most complete and reliable information. Results. This article examines the basic methodological approaches to the economic entities financial stability assessment. The indicators that determine the level of financial risk associated with the forming capital sources structure can be assessed comprehensively are systematized. Basic absolute and relative indicators that determine financial stability based on real company financial statements are analyzed. Conclusions. Our recommendations are aimed at improving opportunities for enterprises to operate for extended periods, getting enough to reproduce potential, dividends payment and stable development of income, ensuring at the same time economically reasonable correlation of funding sources and assets, the excess of revenue over expenditure, maintaining solvency and creating conditions to self-financing. The implementation in practice these suggestions help to ensure that the company is financially stable, it would have an advantage over other companies at the same sphere of activity, particularly in attracting investments.

THEORETICAL AND PRAGMATIC APPROACHES OF ECONOMIC ENTITIES FINANCIAL STABILITY ASSESSMENT

Kondratenko Natalya
Ph.D in Economics, Professor of the Management and Administration Department O. M. Beketov, National University of Urban Economy in Kharkiv

The paper generalizes the nature and content of anti-crisis financial management of the organization. The peculiarities and specifcity of anti-crisis financial management have been defined. The system of anti-crisis financial management of the organization has been considered. The basic components of strategy and tactics of anti-crisis financial management of the organization have been defined. It has been proved that the system of anti-crisis financial management of the organization should include not only the methods aimed at overcoming the crisis but also measures aimed at preventing crises in the organization.

MODERN APPROACHES TO THE FORMATION OF THE MODERN FINANCIAL ANTI-CRISIS MANAGEMENT OF THE ORGANIZATION

Svetlana Levytska
Doctor of Economics, Professor of Accounting and Auditing, National University of Water and Environmental Engineering

Mykhailo Polyuhovich
Postgraduate Department of Accounting and Auditing, National University of Water and Environmental Engineering

The features of the financing of innovation are considered. It was also considered the legal aspect of formation of innovative sources of enterprises. It was analyzed sources of financing innovative activity in Ukraine. Emphasized at the roles of alternative energy sources in the modern conditions of the economy.

SOURCES OF FINANCING INNOVATIVE ACTIVITIES IN UKRAINE

Natalia Mamontova
Professor, Doctor of Economic Sciences, Head of the Department of Finances, Accounting and Auditing, The National University of Ostroh Academy

Oksana Mendeliuk
Master Student, The National University of Ostroh Academy

The article deals with the composition and structure of domestic sources of funding in three areas of financial resources; provided a detailed description of each source individually; the factors that determine the choice of an effective mechanism of self-financing enterprises in crisis conditions.

SOURCES OF FINANCING INNOVATIVE ACTIVITIES IN UKRAINE

Oleksandra Melnyk
мagister, National University «Ostroh academy»

A concept of shadow economy is determined. Conditions for the operation of the enterprise «in the shadow», methods of hiding income by minimizing the payment of income tax of enterprises and single social contribution are described. The ways to reduce the amount of offcial income (revenue) from realization of products (goods and services) are examined. An example of the real use of shadowing schemes of income of the enterprise by increasing receivables is described.

RECEIVABLES AS A WAY OF SHADOWING INCOMES OF AN ENTERPRISE

Vitaliy Opanasiuk
Associate Professor, AIDP

The article investigates the place of Ukraine in interstate cooperation and specialization in terms of Industry 4.0. specialization in terms of Industry 4.0. The article highlights the main areas of international cooperation of Ukraine. The process of Ukraine’s entry into the global economy in the form of implementation Industry 4.0 is investigate. The main features. The article highlights the main directions of international cooperation of Ukraine, presented the prospects for its specialization in the direction of outsourcing IT services. Highlights the prospects of its specialization towards outsourcing IT services. Established and justifed prerequisite of Ukraine in the market of outsourcing services in IT services in a format flowering Industry 4.0.

THE PLACE OF UKRAINE IN THE INTER-COUNTRY COOPERATION AND SPECIALIZATION

Tatiana Semeniuk
мagister, National University «Ostroh Academy»

The article considers approaches to defining the essence of the concept of property companies and the principles of its formation. Investigated the financial aspects of the formation and use of property entity functioning on the example of the food industry in Ukraine. Based on the evaluation of asset structure, liquidity, financial stability and business activity is defective in the formation and use of the property company said.

FINANCIAL ASPECTS OF PROPERTY AND USE OF ENTERPRISE

Anna Tanchyn
мagister, National University «Ostroh Academy»

The article analyzes the main features of fixed assets on the enterprise. The analysis of indicators of efficiency of use of fixed assets on the example of one of the domestic enterprises is introduced as whole. The article describes the ways of increasing the efficiency of use of fixed assets and the economic activity of the enterprise at all, which are based on the analysis of tendencies of change of indicators of the status and efficiency of their using.

THE EFFICIENCY OF USING THE FIXED ASSETS ON THE ENTERPRISE: THE SYSTEM OF INDICATORS AND THE WAYS OF ITS IMPROVING

Olena Voronina
Assistant Professor of Economics Theory Department O. M. Beketov, National University of Urban Economy in Kharkiv

The paper analyses the level of social protection and health care in the regions of Ukraine. The ranking of indicators of social protection and health care has been conducted. The average value of studied parameters during 2010–2015 years has been calculated. The analysis confrmed inequality in social protection and health care in the regions of Ukraine.

ANALYSIS OF THE LEVEL OF SOCIAL PROTECTION AND HEALTH CARE IN THE REGIONS OF UKRAINE

Ivan Karkich
magister, National University «Ostroh Academy»

The article examines the theoretical nature of the question of investment attractiveness of regions and analyzes the economic state of Ukraine’s regions using indicators such as gross regional product, exports and imports in the region, capital flow and foreign direct investment in the regions. In the bottom line, based on the above parameters we will have list of most attractive regions of the Ukraine.

INVESTMENT ATTRACTIVENESS OF UKRANIAN REGIONS

Liliia Martynova
Candidate of Philological Sciences, Associate Professor, Doctoral Student of the Department of International Economic Relations

In the article the problem of social policy in the context of social and economic obstacles to human development is discussed. The role of social standards and guarantees in the formation in social transfers is considered. The problems and contradictions in definition of living wage in Ukraine are found. The obstacles to the formation of an effective system of social services are considered. The comparative assessment of resource support in the formation of the social protection in the EU and Ukraine is undertaken. The problems of the quality of life of older people and the need for social goals and tasks in all areas of state regulation of the economy are defined.

PLANNING SOCIAL PROTECTION IN THE CONTEXT OF INTENSIFICATION OF EUROPEAN INTEGRATION PROCESS

Larysa Obolentseva
Ph.D in Economics, Associate Professof of The Tourism and Hotel Industry Department O. M. Beketov National University of Urban Economy in Kharkiv

The paper has studied the issues concerning the formation of the paradigm of regional industrial competitiveness of the regions of Ukraine. Different periods and the theories of scientifc research concerning the category of «competitiveness» have been summarized. The factors of regional industrial competitiveness have been pointed out. It has been proved that the modern paradigm of industrial competitiveness is based on the formation and development the capacity of the regions of Ukraine which will facilitate the transformation of acute regional competitive relations into mutually beneficial cooperation based on principles of combining competition and cooperation in favor of national interests.

MODERN PARADIGM OF REGIONAL INDUSTRIAL COMPETITIVENESS: PRACTICAL ASPECT

Taras Tokarskyi
Ph.D, First Class Counsellor (Warsaw, Poland)

Analysis of social policy of Ukraine courses the necessity of paying attention on very actual problem – the situation of young people during the period of global social and economic changes, crisis situation in the country. Attention to this age group is huge, because the perspective potential of Ukraine should be created by young people. Also in this article the attention is paid on realization of constitutional rights of young people for education and government’s failure of subsidy for studying for socially unprotected young people and their job placement.

THE MODELING OF PERSPECTIVE WAYS OF SOCIAL YOUTH POLICY

Liliya Barannyk
Professor, University of Customs and Finance

The article is devoted to the security budget, as a factor of social development and the main condition to achieving social stability. Author presents the international rankings, showing the crisis trends in the transformation of the country moving. It is shown that for the security budget is necessary to reduce poverty in the country by changing the tax system, the pension reform, and transition to insurance principles of the medical sphere, providing greater autonomy to local authorities in the shaping of local budgets and social policy and some others.

SECURITY BUDGET IN UKRAINE IN THE CONTEXT OF SOCIAL STABILITY

Volodymyr Boreiko
Doctor of Economics, Associate Professor, Vice-rector in science work of International Economics and Humanitarian University named academician Stepan Demianchuk

The article revealed that monetary policy plays a key role in the dynamic development of the national economy. It is shown, that the actions of the National Bank of Ukraine in the last decade, which are unstable, is one of the reasons the depths of the financial and economic crisis in Ukraine. Proved that to ensure stable development of the national economy and preventing of uncontrolled inflation, the National Bank should, by reducing the discount rate and a balanced monetary policy, make lending resources available to domestic producers and the population.

CONSEQUENCES OF THE UNSTABLE MONETARY POLICY OF THE NATIONAL BANK OF UKRAINE

Olha Demianchuk
PhD, associate professor of Finance, Accounting and Auditing Department, The National University of Ostroh Academy

Alina Ivanova
Student the National University of «Ostroh Academy» Faculty of Economics

The article investigates the effectiveness of fscal decentralization of local budgets in Ukraine. The author reveals the major novations within the fiscal decentralization legistation and the main aspects reformation within the budget and taxation areas. Furthermore, the article shows how reform of local budgets has influenced the absolute indices of fiscal decentralization. The author sums up by suggesting the ways to improve the process of fiscal decentralization at local levels through the adoption of new legislation in order to increase the effectiveness of fiscal decentralization.

ESTIMATION OF EFFECTIVENESS OF FISCAL DECENTRALIZATION OF LOCAL BUDGETS IN UKRAINE

Nataliia Ivanchuk
PhD, Senior Lecturer, Head of Department of Economic Theory, Management and Marketing, The National University of Ostroh Academy

The article highlights the main features of payroll taxation in highly developed countries. A personal income tax and compulsory social contributions included in tax systems in international financial statistics are analysed. The taxes on average worker in labour cost are estimated in highly developed countries and domestic economy. Ways to improve payroll taxation in Ukraine are suggested, particularly aiming to deepen progressiveness in personal income tax collection, to increase the amount of tax allowance, and to cancel the maximum base of calculating single social contribution in Ukraine.

PAYROLL TAXATION IN HIGHLY DEVELOPED COUNTRIES

Mykola Karlin
Doctor of Science (Economics), Professor, Head of the Department of Finance, Banking and Insurance, Lesya Ukrainka Eastern European National University,

Mariana Shchehelska
PhD student of the Department of Finance, Banking and Insurance, Lesya Ukrainka Eastern European National University

The article defines such an important part of ecological economics as climate fnance. The socio-economic problems of using climate finance in modern conditions of development have been outlined. The solutions to the problem of warming in the world and in Ukraine based on the experience of the EU countries have been offered. The authors have studied the features of the withdrawal of finance in general and climate finance in particular to the offshore zones.

THE SOCIO-ECONOMIC PROBLEMS OF THE USE OF CLIMATE FINANCE IN THE CONTEXT OF GLOBALIZATION AND THEIR SOLUTIONS

Raisa Kvasnitska
Doctor of Economics, Professor the fnance, banking and insurance department, Khmelnytskyi National University

In the article are investigated functional features of such a monetary regime as inflation targeting. Analyzed its varieties, advantages of use under various economic conditions, basic principles on which are based the technology of its carrying out. Proved basics of effectiveness of the functioning of mode of inflation targeting and the choice of the most effective kind for the domestic economy. It is concluded that, subject to the application of appropriate directions for improving the toolkit of inflation targeting in Ukraine, this regime of the monetary and credit policy of the state will be an effective lever in the mechanism of development of the economy as a whole.

MODE OF INFLATION TARGETING IN UKRAINE

Olha Demianchuk
PhD, associate professor of Finance, Accounting and Auditing Department, The National University of Ostroh Academy

Victoria Kobetyak
мagister, National University «Ostroh Academy»

In this article author analyzed the reform of budget and tax areas, conducted for decentralization of financial resources of Ukraine and made estimation of their influence on the formation of local budgets revenues. Detected problems of fiscal decentralization implementation in terms of the overall economic crisis in Ukraine. Findings show the ways to increase the efficiency of the changes and proposed alternative directions of increasing revenue at the local level budgets.

СHANGES IN THE FORMATION OF UKRAINE LOCAL BUDGET INCOME UNDER THE INFLUENCE DECENTRALIZATION

Taras Kobetiak
мagister, National University «Ostroh Academy»

The growth in liabilities, combined with the lack of social and economic growth within the country, has a signifcant impact on the financial security of the state. The increase in the volume of state and publicly guaranteed debt of Ukraine over the past few years has not led to the stimulation of the domestic economy, and has not been a factor in improving the social situation in Ukraine. As a result, in the absence of certain actions, this can lead to a deterioration of the situation within the country.

THE UNEFFICIENT DEBT POLICY OF THE COUNTRY AS ONE OF THE KEY FACTORS OF DECREASING THE FINANCIAL SECURITY OF THE STATE

Kateryna Kondroi
мagister, National University «Ostroh Academy»

In this article, we discovered the theoretical nature of the lease. We conducted detailed analysis of the main trends in the leasing market in Ukraine during 2014-2016 years. We analyzed quantitative and qualitative indicators leasing market: the number of lessors in Ukraine, the dynamics of the number and value of financial leasing contracts as a whole, and separately by sector, compared to the structure of the sources of leasing operations in recent years. The given article present abasic steps, which is necessary to help to intensify development of financial leasing in Ukraine.

MODERN TREND IN THE LEASING MARKET IN UKRAINE

Nataliya Koren
PhD in Economics, Senior Researcher, сhief of the sector of fscal decentralization the National Institute for Strategic Studies

In the article the estimation of state security budget for the respective indicators. The basic threat to public safety at the present stage of socio-economic development. The directions to minimize and overcome budgetary risks in the context of increasing the level of budget security and ensuring the effectiveness of fscal policy in terms of socio-economic transformations.

BUDGET OF THE STATE SECURITY IN THE SOCIO-ECONOMIC TRANSFORMATION

Olena Lapko
Doctor of Economics, Professor, Head of the Department of Finance and Credit, International University of Finance

The distinctive features of project finance are considered, which are based on the self-financing of the project throughout its life cycle by generating cash flows, compared to commercial financing of smaller scale investment projects at the expense of traditional sources used in the management of investment projects. The possibilities of using the mechanism of project financing in the national economy are grounded.

PROJECT FINANCING AS AN INNOVATIVE MECHANISM OF REALIZATION OF INVESTMENT PROJECTS

Yurii Pasichnyk
d.e.s., professor, professor of the department of finance, National University of Life and Environmental of Ukraine

The article is devoted to the study of the concept of «social finance», the definition of their role in social development. Based on the research carried out and generalization of the existing methodology, an investment component of social finance has been established aimed at simultaneously obtaining a social and economic effect, which is achieved with the help of financial instruments (social organizations, social financial investment funds and social bond bonds). An author's approach is proposed to define the role of social finance in redistribution relations.

METODOLOGICAL APPROACHES TO THE STUDY OF THE PARADIGM OF SOCIAL FINANCE

Lyudmila Prymostka
Professor, Head of Department of Management and Banking, SHEI «Kyiv National Economic University named after Vadym Hetman»

The interrelation between economic cycles and banking, systemated causes and mechanisms of manifestation of economic cycles of different lengths. Featured of occurrence and duration of economic cycles in domestic conditions. Analized the dynamics of volume ratio of total loan portfolio of banks, gross domestic product and the reserve for credit operations of banks. Detected the role of bank lending in different phases of the economic cycle, reasonable measures aimed at easing the negative impact of credit expansion on the cyclical economy.

THE IMPACT ECONOMIC CYCLES ON BANKING

Kateryna Prokopchuk
мagister, National University «Ostroh Academy»

The article studies the practical features of banking activities on the financial market of Ukraine. The structural dynamic analysis of key performance indicators and characteristic features of the development of these institutions are analyzed in it. The article analyzes the mechanism of redistribution of funds of banks in the context of the formation of a credit portfolio and portfolio of securities and the overall efficiency of the banks too.

BANKING INSTITUTIONS ON THE FINANCIAL MARKET OF UKRAINE

Anton Shevchuk
PhD student, Department of finance of entrepreneurial subjects and insurance, Ternopil national economic university

This paper examines the level of capitalization of the banking system of Ukraine’s independence from the beginning to the present. The basic steps of managing the banking system and their impact on the banks and the banking system as a whole. Particular attention is paid to the comparison of the banking system of Ukraine and other countries studied that the capitalization of the banking system is similar to the capitalization of the banking system of Belarus and Russia. Quite widely disclosed influence of banks with foreign capital of banks and the quality of the banking system of Ukraine in general.

ANALYSIS CAPITALIZATION OF UKRAINE BANKING

Ivanna Danylyak
magistrant Economic Faculty of Ivan Franko LNU

An important task in today’s time to strengthen the economy is to develop agribusiness. The way to achieve this goal is to state support of agricultural cooperatives and solving the problems of the legal provision of accounting and taxation of their activities. In the article are considered legal regulation of agricultural cooperatives. The system of taxation agricultural cooperatives in Ukraine was explored. The main problems of the current legislation in the sphere of agricultural cooperatives were identifed. Proposes the ways improving the legal provision of accounting and taxation of agricultural cooperatives in Ukraine.

ISSUES REGULATORY FRAMEWORK OF ACCOUNTING AND TAXATION AGRICULTURAL COOPERATIVES AND WAYS OF IMPROVING

Svitlana Levytska
PhD, Professor, National University of Water Management and Natural Resources Use

Inventory management as an administrative process is based on the accounting and analytical maintaining for the stocks’ movement. Such information is important to monitor the compliance of relevant internal and external regulations. National and international practice of internal control of inventory is analyzed in case of consumer cooperatives in this research. Methodological and organizational approaches of internal control are revealed as the information base for internal audit of effectiveness the operations. Format of accounting and analytical providing for the operations of inventories within statutory activity of consumer societies with the requirements as to balance their business activities is studied. Accounting and analytical maintaining of the operations with stocks is offered to use like a knowledge base for internal control and internal audit in accordance to the stages of movement the inventories. Relevant to International Standard on Auditing ISA 315, internal control isn’t an identifcation or form of internal audit, it functions as a specifc component of this audit. The article recommends using suffciently transparent, simple and detailed sequence of stages of internal control like defning objectives to control, assessment of controls, procedures of control and tests for confrmation of study. International auditing standards define the internal audit following to the areas of internal control. However, the key word in this meaning is evaluation: the evaluation of effectiveness business’ management; the evaluation of legitimacy and reliability of financial reports; the evaluation of accounting accuracy (financial audit); the evaluation of regulations compliance (compliance audit). The problem of internal audit operations is revealed in the work by the example of operations with inventories.

INVENTORIES AS OBJECT OF INTERNAL CONTROL (EVIDENCE FROM THE ENTERPRISES OF CONSUMER COOPERATION)

Iryna Parasiy-Vergunenko
Doctor of economics, professor of the Institute of the accounting in credit and budgetary institutions and economic analysis, Kyiv national economic university named after Vadym Hetman

The article clarifes the economic substance of the term «resource potential» and systematizes the production resources classifcation. Unlike the traditional methodological approaches to the efficiency analysis of the certain types of production resources (material, labor, plant and equipment) usage, method of the complex efficiency analysis of the production resources set in the view of the extensive and intensive research direction has been developed. The basic analytical stages of the research have been determined and the algorithms of the individual indices calculation for the three groups of resources and the mechanism of their synthesis in the integral index have been suggested.

ANALYSIS OF THE OPERATIONAL EFFICIENCY OF THE ENTERPRISE RESOURCE POTENTIAL: COMPREHENSIVE APPROACH

Tetiana Plakhtii
Candidate of Economic Sciences, Associate Professor Vinnytsia National Agrarian University

The necessity of transforming research approaches to the definition of the quality characteristics of accounting information systems of international regulation of accounting. The existing hierarchical system of qualitative characteristics of accounting information in convergent Framework published by FASB and IASB. A comparative analysis of the structure of quality characteristics in convergent conceptual basis of the conceptual basis of IAS / IFRS and US GAAP. Highlight trends transforming the system of qualitative characteristics of accounting information as a means of improving the quality of the accounting system of the company.

QUALITATIVE CHARACTERISTICS FINANCIAL INFORMATION CONVERGENT CONCEPTUAL FRAMEWORK: CRITICAL ANALYSIS

Svіtlana Levytska
Doctor of Economics, Professor of Accounting and Auditing National University of Water and Environment Engineering

Dmytro Sych
graduate of Accounting and Auditing National University of Water and Environment Engineering

Prerequisites of separation of management accounting in the accounting system of the company were defined. Different approaches of scientists for the division accounting for financial and management were analyzed. Particular attention is paid to the problem of the relationship of financial and management accounting as two components of a single and coherent accounting system. The main evolution stages of the management accounting appearance, growing and progress in the article. Proved its importance for making strategic decisions on an enterprise.

EVOLUTION OF FORMATION OF MANAGERIAL ACCOUNTING AND ITS PLACE IN CORPORATE MANAGEMENT