Economy, finances, management: Topical issues of science and practical activity


Issue №: 4 (54)

Published: 2020.12.21
DOI: 10.37128/2411-4413

The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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DOI: 10.37128/2411-4413-2020-4-12
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KOVAL Lubov – Candidate of Economic Sciences, Associate Professor of Accounting Department, Vinnitsa National Agrarian University (21008, Vinnytsia, Soniachna str. 3, e-mail: kovalstar@meta.ua).


The article examines the features of the formation of accounting policies for certain activities. In particular, the definition of foreign economic activity is outlined and its main types are established. In addition, the article presents statistical data on the dynamics of export-import operations of domestic enterprises in the period from 2013 to 2019. The specific features of the accounting reflection of foreign economic transactions, and their impact on the formation of the accounting policy of the business entity. It is established that the process of organizing the accounting of such activities is important for the formation of the accounting policy of foreign economic transactions. In this regard, the algorithm for generating information of analytical and synthetic accounting of export-import operations was presented. An example of the Working Plan of accounts of foreign economic activity as a part of organizational and technical component of accounting policy is given, and the directions of its formation are outlined: by types of foreign currency; by geographical location of the counterparty; according to the type of the selected Incoterms formula according to the moment of transfer of risks and obligations; by types of exported or imported goods; by types of monetary article; on other grounds. It is established that in today's conditions, the automation of the accounting process at any company helps to reduce the time spent on accounting work by accounting staff and allows you to provide timely management staff of the entity with complete and accurate information. In this regard, in carrying out foreign economic activity, it is proposed to use an automated form of accounting, with subsequent reflection of such information in the Order on the accounting policy of the enterprise. The elements of the accounting policy of foreign economic transactions are outlined, taking into account the peculiarities of imports. On the basis of the conducted research the corresponding conclusions are made and the directions of the further research and the reasons of its necessity are specified.

Keywords: accounting policy, regulatory framework, foreign economic activity, export, import, currency.

List of references

1. Smirnova, I.V. & Smirnova, N.V. (2017). Metodychni pidkhody do formuvannia oblikovoi polityky importnykh operatsii [Methodical approaches to the formation of accounting policies for import operations]. Naukovi pratsi Kirovohradskoho natsionalnoho tekhnichnoho universytetu. Ekonomichni nauky Scientific works of Kirovograd National Technical University. Economic sciences, vyp. 31, 197-207.

2. Pro zovnishnoekonomichnu diialnist: zakon Ukrainy vid 16.04.1991 r. №959-ХІІ. [On foreign economic activity: the law of Ukraine from 16.04.1991 №959-ХІІ]. (1991, 16.04). (n.d.). zakon.rada.gov.ua. URL: https://zakon.rada.gov.ua/laws/show/959-12#Text [in Ukrainian].

3. Zovnishnia torhivlia Ukrainy: stat. zb. [Foreign trade of Ukraine: stat. Coll ] veb-sait. (n.d.). ukrstat.org. URL: http://ukrstat.org/uk/druk/ publicat/Arhiv_u/10/Arch_ztu_zb.htm [in Ukrainian].

4.  Oliadnichuk, N.V. &, Pidlubna O.D. (2017). Oblik eksportno-importnykh operatsii [Accounting for export-import transactions]. Oblik i finansyAccounting and finance, 1(75), 48-56.

5. Yevdokymov, V.V. & Ventsel ,V.T. (2011). Osoblyvosti orhanizatsii bukhhalterskoho obliku na pidpryiemstvi, shcho zdiisniuie zovnishnoekonomichnu diialnist [Features of the organization of accounting at the enterprise carrying out foreign economic activity]. Naukovyi visnyk Uzhhorodskoho universytetu. Seriia Ekonomika Scientific Bulletin of Uzhhorod University. Economics series, Vypusk 2 (34), 270-275.

6. Ivasiv, B.S., Pryidun, L.M., Rudan, V.Ya. (2013). Mizhnarodni rozrakhunky ta valiutni operatsii [International settlements and currency transactions]. Ternopil: Vektor [in Ukrainian].

7. Kysh, L.M. (2019). Tovarna struktura eksportu ta importu silskohospodarskoi ta prodovolchoi produktsii [Commodity structure of exports and imports of agricultural and food products]. Ekonomika, finansy, menedzhment: aktualni pytannia nauky i praktyky – Economy, finances, management: current issues of science and practice,  9, 78-87 [in Ukrainian].

8. Koval, O.V. (2019). Avtomatyzatsiia bukhhalterskoho obliku na silskohospodarskomu pidpryiemstvi v suchasnykh umovakh [Automation of accounting at an agricultural enterprise in modern conditions]. Ekonomika. Finansy. Menedzhment: aktualni pytannia nauky i praktyky – Economy. Finances. Management: current issues of science and practice, 6, 136-141 [in Ukrainian].

9. Plan rakhunkiv bukhhalterskoho obliku aktyviv, kapitalu, zobov’iazan i hospodarskykh operatsii pidpryiemstv i orhanizatsii: zatv. Nakazom Minfinu Ukrainy vid 09.12.2011 № 1591.  [Chart of accounts for accounting of assets, capital, liabilities and business operations of enterprises and organizations: approved. By the order of the Ministry of Finance of Ukraine dated 09.12.2011 № 1591]. (2011, 09.12). (n.d.). zakon.rada.gov.ua. URL: https://zakon.rada.gov.ua/laws/show/z1557-11#Text [in Ukrainian].

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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "