Feasibility of Accounting for the Costs of Socially Responsible Activities at the Engineering Industry Enterprises

• Main Author: Lyudmyla Holinach
• Format: Article
• Language: deu
• Published: Institute of Accounting and Finance 2019-09-01
• Series: Облік і фінанси
• Subjects: expenses of socially responsible activities; accounting of results of social responsibility activities; side effects of the machine-building industry; social effect; super-economic benefit; over-profit benefit
• Online Access: http://www.afj.org.ua/pdf/674-docilnist-obliku-vitrat-socialno-vidpovidalnoi-diyalnosti-na-pidpriemstvah-mashinobudivnoi-promislovosti.pdf

The safety of business processes has gained particular importance in the context of the increase of awareness of citizens, growth the volume of social production and exacerbation of global problems associated with environmental pollution, limited natural and food resources. As a result, the concept of socially responsible activity is rapidly developing in the world, but the issues of accounting for the results of such activities and assessing the level of responsibility of business entities remain poorly understood. The purpose of the article is to disclose the features of the activities of machine-building enterprises and their impact on the internal and external environment, determine the factors that affect the complexity of the organization of accounting for social responsibility expenses and the specifics of their reflection in the accounting system. These tasks make it possible to justify the feasibility of accounting for the costs of socially responsible activities at the engineering industry enterprises, the activity of which has a significant impact on the environment. It was revealed that the accounting system is aimed at reflecting the results of the impact of economic activity on society. This is indicated by legislatively established requirements, in particular the principle of full coverage. Therefore, the degree of social responsibility that is present in the process of economic activity of machine-building enterprises should be disclosed in the reporting of such entities. The features of the influence of the main production of machine-building enterprises on workers and the environment were disclosed. The main motives of doing business were characterized, and their impact on the social responsibility of the enterprise was disclosed. The feasibility and advantages of accounting of expenses of socially responsible activities were substantiated. It was proved that the degree of difficulty in maintaining such accounting depends on the motives of the activity, the concentration of capital and the size of the enterprise.