Methodical Aspects of Accounting Information on Business Segments in Various Registration Systems

Abstract

Under conditions of development of multisectoral business and production diversification domestic companies should disclose information on business segments according to the national standard “Information on segments» PBU 12/2010 (Bookkeeping Regulations). The information is necessary both for external users of financial reporting to make investment decision, and for internal users able to estimate the key activity results of industrial and geographical segments. Absence of national standards regulating organization of management accounting put some problems before bookkeepers concerning organizations of activity accounting of separate segments of business, the information about which is necessary to collect in different registration systems of economic accounting: book-keeping managerial accounting, book-keeping fiscal accounting and fiscal accounting. To solve the primary goal of registration process on business segments, on the one hand, according to activity kinds and, on the other hand, according to commodity markets or location of assets, it is necessary in the shortest term to get, analyze and reliably to open disclose financial indicators of separate structural divisions (business-unit) as the centres of financial responsibility. That is why it is necessary to define the universal object of accounting which can be used simultaneously in three registration systems as constant registration unit. The authors suggest to choose economic activity within the limits of defined business-processes as registration object and to consider structural division, business-unit, to be the responsibility centre for production segments, and for geographical segments allocation business-division. It allows to obtain data of segmentary accounting promptly and to disclose information on business segments in financial reporting.