Accounting outsourcing as a tool for optimising the company’s activities
In modern conditions, cost minimisation for business entities is the main condition for existence in the market. One of the tools for such minimisation is outsourcing accounting. In addition to minimising costs, accounting outsourcing ensures the correctness of accounting, provides high-level advice...
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| Format: | Article |
| Language: | English |
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Lviv Polytechnic National University
2022-11-01
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| Series: | Economics, Entrepreneurship, Management |
| Subjects: | |
| Online Access: | https://eem.com.ua/journals/tom-9-2-2022/bukhgaltersky-autsorsing-yak-instrument-optimizatsiyi-diyalnosti-pidpriyemstva |
| _version_ | 1797260950493986816 |
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| author | O. Fomina D. Kolomiiets |
| author_facet | O. Fomina D. Kolomiiets |
| author_sort | O. Fomina |
| collection | DOAJ |
| description | In modern conditions, cost minimisation for business entities is the main condition for existence in the market. One of the tools for such minimisation is outsourcing accounting. In addition to minimising costs, accounting outsourcing ensures the correctness of accounting, provides high-level advice, and protects against possible fines. The purpose of the study was to investigate accounting outsourcing as a tool for optimising the activities of entities in modern business conditions. The study applied methods of induction and deduction, cause-and-effect communication, tabular and graphic methods, description and concretisation, and logical generalisation. A single definition of the concept of accounting outsourcing was developed, which revealed the characteristic features of outsourcing. The SWOT analysis of accounting outsourcing services demonstrated accounting outsourcing as an effective tool for minimising costs. It is determined that all shortcomings and threats can be eliminated with careful selection of an outsourcer and signing a contract. The stages of accounting for accounting outsourcing consist in developing a document flow schedule that would ensure timely receipt of information for the customer and quality control of the services provided. A unified methodology for determining the economic effect of accounting outsourcing is proposed, which considers the disadvantages and advantages of existing methods, which would allow revealing the economic, organisational, and managerial aspects of outsourcing accounting. The main proposals received by the author based on the findings of the study can be used in accounting based on outsourcing. Further study of the problems of outsourcing as a tool for optimising the activities of enterprises in Ukraine should be directed to the development of laws and regulations to encourage companies to make managerial decisions regarding the use of accounting outsourcing |
| first_indexed | 2024-03-11T19:10:21Z |
| format | Article |
| id | doaj.art-8a3d7655ef5440c1932dc095c1e2319b |
| institution | Directory Open Access Journal |
| issn | 2312-3435 2413-7634 |
| language | English |
| last_indexed | 2024-04-24T23:33:28Z |
| publishDate | 2022-11-01 |
| publisher | Lviv Polytechnic National University |
| record_format | Article |
| series | Economics, Entrepreneurship, Management |
| spelling | doaj.art-8a3d7655ef5440c1932dc095c1e2319b2024-03-15T14:27:27ZengLviv Polytechnic National UniversityEconomics, Entrepreneurship, Management2312-34352413-76342022-11-01923043https://doi.org/10.56318/eem2022.02.030175Accounting outsourcing as a tool for optimising the company’s activitiesO. FominaD. KolomiietsIn modern conditions, cost minimisation for business entities is the main condition for existence in the market. One of the tools for such minimisation is outsourcing accounting. In addition to minimising costs, accounting outsourcing ensures the correctness of accounting, provides high-level advice, and protects against possible fines. The purpose of the study was to investigate accounting outsourcing as a tool for optimising the activities of entities in modern business conditions. The study applied methods of induction and deduction, cause-and-effect communication, tabular and graphic methods, description and concretisation, and logical generalisation. A single definition of the concept of accounting outsourcing was developed, which revealed the characteristic features of outsourcing. The SWOT analysis of accounting outsourcing services demonstrated accounting outsourcing as an effective tool for minimising costs. It is determined that all shortcomings and threats can be eliminated with careful selection of an outsourcer and signing a contract. The stages of accounting for accounting outsourcing consist in developing a document flow schedule that would ensure timely receipt of information for the customer and quality control of the services provided. A unified methodology for determining the economic effect of accounting outsourcing is proposed, which considers the disadvantages and advantages of existing methods, which would allow revealing the economic, organisational, and managerial aspects of outsourcing accounting. The main proposals received by the author based on the findings of the study can be used in accounting based on outsourcing. Further study of the problems of outsourcing as a tool for optimising the activities of enterprises in Ukraine should be directed to the development of laws and regulations to encourage companies to make managerial decisions regarding the use of accounting outsourcinghttps://eem.com.ua/journals/tom-9-2-2022/bukhgaltersky-autsorsing-yak-instrument-optimizatsiyi-diyalnosti-pidpriyemstvabusiness entityaccounting servicesswot analysis of servicescontractaccountingperformance evaluationeconomic effect |
| spellingShingle | O. Fomina D. Kolomiiets Accounting outsourcing as a tool for optimising the company’s activities Economics, Entrepreneurship, Management business entity accounting services swot analysis of services contract accounting performance evaluation economic effect |
| title | Accounting outsourcing as a tool for optimising the company’s activities |
| title_full | Accounting outsourcing as a tool for optimising the company’s activities |
| title_fullStr | Accounting outsourcing as a tool for optimising the company’s activities |
| title_full_unstemmed | Accounting outsourcing as a tool for optimising the company’s activities |
| title_short | Accounting outsourcing as a tool for optimising the company’s activities |
| title_sort | accounting outsourcing as a tool for optimising the company s activities |
| topic | business entity accounting services swot analysis of services contract accounting performance evaluation economic effect |
| url | https://eem.com.ua/journals/tom-9-2-2022/bukhgaltersky-autsorsing-yak-instrument-optimizatsiyi-diyalnosti-pidpriyemstva |
| work_keys_str_mv | AT ofomina accountingoutsourcingasatoolforoptimisingthecompanysactivities AT dkolomiiets accountingoutsourcingasatoolforoptimisingthecompanysactivities |