ACCOUNTING AND INFORMATION PROVISION OF REORGANIZATION PROCESSES IN EMERGENCY CONDITIONS

Authors

  • Z.-М. Zadorozhniy Ternopil National Economic University, Ukraine
  • Ya. Krupka Ternopil National Economic University, Ukraine
  • I. Nazarova Ternopil National Economic University, Ukraine

DOI:

https://doi.org/10.18371/fcaptp.v2i33.206928

Keywords:

accounting, information, reorganization, merger, division, transformation, pandemic, economic crisis

Abstract

The article looks at the possible consequences of the economic crisis caused by the coronavirus pandemic and the reorganization measures related to the economic recovery from the crisis. First of all, it concerns the reorientation of domestic businesses to the development of the least affected areas of activity by introducing new forms of relationships between the entities. Possible reorganization procedures related to the merger, division of economic entities and other forms of change in their legal status due to the economic crisis are also considered. Suggestions are made on how to present the accounting and disclosure in the financial statements in the context of a contactless pandemic of a coronavirus using modern computer and communication technologies.

A special place is given to accounting processes in reorganization by merger, acquisition, division, separation, transformation of business entities. The main criteria for recognition of such forms of reorganization are the implementation of reorganization measures related to the change of the legal form of the enterprise, legal status and composition of the owners of the subjects, solving the issues of succession.

The abovementioned processes are considered through the prism of forming the reorganization consolidation and distribution balances as the main link and information source between the entities before and after the reorganization. The principles and sequence of forming such balances are defined.

Author Biographies

Z.-М. Zadorozhniy, Ternopil National Economic University

Doctor of Economics, Professor, Vice-rector for scientific work,
Honored Worker of Science and Technology of Ukraine

Ya. Krupka, Ternopil National Economic University

Doctor of Economics, Professor, Department of Accounting and Taxation

I. Nazarova, Ternopil National Economic University

Ph. D. in Economics, Associate Professor of the Department of Accounting and Taxation

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Published

2020-06-30

How to Cite

Zadorozhniy Z.-М., Krupka, Y., & Nazarova, I. (2020). ACCOUNTING AND INFORMATION PROVISION OF REORGANIZATION PROCESSES IN EMERGENCY CONDITIONS. Financial and Credit Activity: Problems of Theory and Practice, 2(33), 139–148. https://doi.org/10.18371/fcaptp.v2i33.206928

Issue

Section

The topical questions about the development of finance, account and audit