Accounting and analytical provision of credit transactions and assessment of their impact on the financial status of the metallurgical enterprise

Abstract

Introduction. The basic principles of organization of accounting of credit operations are considered. It is established that at the enterprise under study the organization of accounting is regulated by an internal administrative document - Order on accounting organization and accounting policy. Documentation of operations is carried out using a log-order accounting form, which involves the use of twelve out of sixteen order logs. An assessment of credit transactions in the system of accounts at a metallurgical enterprise has been made. It is revealed that the journal-order form of accounting clogs up the account and increases its complexity and complicates the completeness of the display of business operations. The expediency of replacing the journal-order form of accounting with the journal has been proved. It is noted that the evaluation of the efficiency of using credit operations should be carried out by assessing the financial stability and solvency of the enterprise. A step-by-step algorithm for analyzing the financial condition of a metallurgical enterprise is presented. The extent to which an entity's liabilities are covered by its assets is assessed. The extent to which an entity's liabilities are covered by its assets is assessed. It is confirmed that none of the liquidity indicators in the dynamics meets regulatory standards, and the company may have a status of bankrupt. The financial stability of the enterprise has been evaluated. It is established that the enterprise has insufficient own working capital, own and loan sources of formation of inventories and expenses and the total size of the main sources of formation of inventories and expenses. Effective methods of improving the financial stability of the enterprise by improving the efficiency of use of credit resources, accelerating current assets and increasing working capital are proposed.

Purpose. The purpose of this article is to theoretically substantiate and develop practical recommendations for improving the accounting of credit transactions in the system of accounting registers; assessment of their impact on the financial condition of a metallurgical enterprise and ways of improving the financial stability of a metallurgical enterprise.

Results. The peculiarities of organization of accounting of metallurgical enterprise in terms of documentation and accounting of credit operations and display in the system of accounts and in the accounting registers are established; a step-by-step analysis of the financial state of a metallurgical enterprise in dynamics was carried out; regularities and tendencies of functioning of industrial enterprise are revealed; improvement of organization of accounting of credit operations by introduction of journal accounting form is proposed; measures have been developed to improve the financial stability of the metallurgical enterprise.