PROVIDING FUTURE EXPENDITURE AND PAYMENTS: ACCOUNTING ASPECTS

Abstract

The actual problems of accounting for the creation and using of future expenses and payments in accordance to national and international accounting standards are shown in this article. Apart, divergences in the types of implementations, the absence of certain terms in relation to them, differences in the methods of conducting their assessment and disclosing of information in the financial reporting have been detected. The proposals for improving the analytical accounting of implementations by adding additional sub-accounts were generalized and the impact on the determination of financial result according to the tax legislation was shown.