Universal Journal of Accounting and Finance Vol. 9(1), pp. 44 - 53
DOI: 10.13189/ujaf.2021.090105
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Improved Methodology of Accounting and Audit of Payments to Employees in Ukraine


Halyna Kuzmenko 1,*, Kateryna Yahelska 2, Oksana Artyukh 3, Iryna Babich 4, Nataliіa Volenshchuk 5, Larisa Sulimenko 6
1 Institute of Economic Development Studies, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine
2 Department of Economics, Accounting and Taxation, Donetsk National Technical University, Pokrovsk, Ukraine
3 Department of Accounting and Auditing, Odessa National University of Economics, Odesa, Ukraine
4 Department of Accounting and Auditing, Lutsk National Technical University, Lutsk, Ukraine
5 Donetsk State Agricultural Science Station of NAASU, Pokrovsk, Ukraine
6 Department of Accounting, Taxation and Audit, Polissia National University, Zhytomyr, Ukraine

ABSTRACT

The issue of organization of payments to employees at the enterprise is the basis of social and labour relations of employees, employers and the state, affecting the effectiveness of labour management in general, they are one of the most critical and complex areas of work, occupying a central place in the accounting system. The authors analyzed the theoretical and methodological basis of payments to employees, compared to international and domestic standards for employee benefits. Authors also analyzed the dynamics of average and minimum wages over the past 10 years, and revealed the features of the organization of wages and the general scheme of accounting for wages. The authors demonstrated the essence of the concept of "payments to employees" and its components, analyzed in detail the features of the existing practice of accounting and audit of settlements with employees. A thorough theoretical and methodological analysis of the study allowed the authors to propose improvements in accounting for settlements with employees on practical examples, namely the detailed structure of account 66 "Payments to employees". The authors also proposed an improved audit methodology that will allow the auditor to cover all aspects of payroll accounting, investigate the correctness, timeliness, legality of reflection in payroll, cover all aspects of payroll accounting, identify violations promptly, conduct a quality audit.

KEYWORDS
Accounting, Audit, Employee, Payment, Salary

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Halyna Kuzmenko , Kateryna Yahelska , Oksana Artyukh , Iryna Babich , Nataliіa Volenshchuk , Larisa Sulimenko , "Improved Methodology of Accounting and Audit of Payments to Employees in Ukraine," Universal Journal of Accounting and Finance, Vol. 9, No. 1, pp. 44 - 53, 2021. DOI: 10.13189/ujaf.2021.090105.

(b). APA Format:
Halyna Kuzmenko , Kateryna Yahelska , Oksana Artyukh , Iryna Babich , Nataliіa Volenshchuk , Larisa Sulimenko (2021). Improved Methodology of Accounting and Audit of Payments to Employees in Ukraine. Universal Journal of Accounting and Finance, 9(1), 44 - 53. DOI: 10.13189/ujaf.2021.090105.