Open AccessIMPROVEMENT OF METHODOLOGICAL SUPPORT OF INTERNAL CONTROL OF FINANCIAL RESULTS
Author(s) -
Guzaliya Klychova,
Алсу Закирова,
Augul Klychova,
Guliya Sattarova,
Ildus Gimadiev
Publication year - 2021
Publication title -
vestnik kazanskogo gosudarstvennogo agrarnogo universiteta
Language(s) - English
Resource type - Journals
ISSN - 2073-0462
DOI - 10.12737/2073-0462-2021-113-120
Subject(s) - receipt , control (management) , correctness , payment , computer science , audit , internal control , finance , accounting , accounting management , risk analysis (engineering) , business , operations management , process management , accounting information system , artificial intelligence , economics , programming language
One of the key tools for managing the financial performance of enterprises is internal control aimed at ensuring the safety and efficient use of material, labor and financial resources. In order to avoid errors in reflecting the final results of activities in the enterprise, an effective system for its implementation must be formed, designed to check the correctness of the reflection of operations and the timeliness of drawing up reliable financial statements. The purpose of the study is to develop recommendations for improving the methodological support of internal control of financial results. In the course of the study, the procedures carried out during the internal control of financial results were ranked depending on the stages of control. Working papers are proposed that contribute to improving the effectiveness of audit planning, the timely collection of evidence and the full implementation of control activities. The developed form of the program of internal control of financial results determines the directions and intensity of control measures. Working papers “Checking the execution of primary documents” and “Checking the timeliness of receipt of payments under contracts” ensure the timely collection of evidence and the full implementation of control procedures. Based on the first of them, the controllers check the completeness and correctness of the documents, filling in all the necessary details; the legality of transactions and the logical linkage of individual indicators. Using the working document “Checking the timeliness of receipt of payments under contracts” for each counterparty, you can timely identify the formation of receivables, prevent the emergence of doubtful and overdue receivables. The application of the developed working documents in practice will contribute to the achievement of goals and the solution of urgent tasks of internal control for the effective management of the financial results of the production activity of the enterprise