Process approach to development of corporate regulation of accounting and reporting

Abstract

Introduction. Modern business conditions of large enterprises (companies), which depend on an integrated management system, require implementation of corporate information systems and accounting. An important component of this system is the development of internal regulations, which would give an opportunity to unify the accounting and reporting of the company as a prerequisite of a transparent information policy and security information for decision making. Especially this problem is evident in the expansion of its business or a merger.

Goal. The aim of the article is to research the regulation opportunities and to standardize accounting processes in the conditions of development of corporate governance in contemporary holdings (large enterprises with various types of business, group companies).

Results. The results of the study indicate that modern integrated information systems are built on the basis of different methodological approaches and ueg different software solutions. It has been proven that the model of business processes should be as much independent from the current organizational structure as possible. This approach fully coinsides with the needs to unify business processes and accounting within a large diversified company, because it leads to the creation of reference models for specific business units and companies. We have developed a theoretical model of regulation of business processes and accounting (at three levels of specification) and business process model "Resource management and accounting function," which is depicted with the help of notation IDEF0 (consists of four subprocesses). The proposed model is the basis for building an integrated structure of domestic regulations.