Problems of Accounting Development in the Corporate Governance System

• Main Author: Tsaruk Vasyl Yu.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-11-01
• Series: Bìznes Inform
• Subjects: corporate governance; corporate accounting; corporate reporting; agency problem
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-11_0-pages-369_374.pdf

The urgency of conducting scientific researches in the field of accounting of corporate management has been grounded. Researchers’ approaches to understanding the relationship between accounting, corporate governance, corporate accounting and corporate reporting have been analyzed. The main problems of accounting of corporate governance have been allocated and analyzed. Interdependence between the quality of accounting information and the corporate governance system has been established. The role of using of creative accounting in the corporate governance system has been disclosed. The place of accounting in solving the agency problem, which arises in the conditions of corporate governance, has been analyzed. The dependence between the level of application of accounting conservatism, the chosen model of corporate management and the mechanisms used for its implementation have been grounded. The ways of improvement of accounting reporting in the direction of meeting the needs of corporate governance (improvement of financial reporting, formation of specialized and integrated reporting) have been allocated.