Open AccessFormation of statute capital in economic organizations
Author(s) -
Olena Kostiunik,
Kateryna Hulko
Publication year - 2019
Publication title -
ekonomìka, fìnansi, pravo/ekonomìka. fìnansi. pravo
Language(s) - English
Resource type - Journals
eISSN - 2786-5517
pISSN - 2409-1944
DOI - 10.37634/efp.2019.11(2).1
Subject(s) - accounting , statute , business , capital (architecture) , cost of capital , limited liability , capital formation , fixed capital , financial capital , economic capital , economics , finance , law , market economy , political science , human capital , archaeology , history , incentive
In this article the value of the authorized capital is defined, the features of formation of the authorized capital in economic organizations are investigated. The peculiarities and problems of forming the authorized capital of joint-stock companies and limited liability companies are considered. The procedure of documentary registration and accounting of the formation of the authorized capital of companies and the proposals for their improvement are explained. According to the generally accepted opinion of experts in the field of corporate law, the article identifies three main functions of share capital and their characteristics. The ways of making cash contributions, their combination and features are considered. The specificities of keeping records of accounting policies are discussed. The article identifies and analyzes the founder's contributions, determines the terms of formation of the authorized capital, the amount of unpaid authorized capital from an economic point of view is considered as a corrective article to the authorized capital and as an economic potential of the enterprise. The general procedure of organization of accounting of the authorized capital is carried out.The article considers the accounting procedure for the formation of authorized capital. One of the main points of accounting organization at any enterprise is to keep certain records in accounting documents. The composition of accounting policy documents is analyzed in the article. The relationship between economic communities (limited liability companies and joint stock companies) regarding the existence of share capital, which is proportional to the stock, is considered.Research shows how important the role of the authorized capital of economic organizations is when guaranteeing the interests of participants and creditors of economic organizations.The main objective of creating an effective system of guarantees for the creditor's rights and to prevent the emergence of "day-to-day firms" is to increase the minimum amount of authorized capital to the level in European organizations.