Adjusting the accounting policies content at engineering repair facilities in respect of their income account

Abstract

At the present stage of economic development income represents one of the most important indicators of an enterprise’s activity, that indicator being of interest both for external and internal users. The study of income accounting arrangement is a priority task. Its goal consists in synthesis and analysis of theoretical methodological principles of income accounting with elaboration of proposals for its improvement at repair service facilities. Such study scientific significance relates to identifying a united development strategy as to the repair facilities revenues accounting system meanwhile its practical significance referring to the elaboration of measures to improve the enterprise’s income accounting system. This study methodological basis departs from Accounting Regulatory standard Art. 15 “Revenue”, its methodological principles, IAS 18 “Revenue” and Internal Revenue Code of Ukraine. The research key issue targets onto adjusting the content of revenues accounting policies at repair service facilities with introduction of additional analytical accounts for subaccount 703 “Revenue from goods and services sales”. The obtained results can be used to improve repair facilities income accounting system and improve the efficiency of activity accounting.