franchising, you need to correctly and carefully approach the choice of the type of
franchise network in which the business will operate.
Accounting of franchising operations. Despite the large number of forms of
franchising, accounting for franchising operations will not have significant features for
each of the types, but in the formation of accounting policy in terms of accounting for
franchising operations, it is necessary to take into account both the regulatory
requirements for the reflection of economic operations related to the implementation
of such activities, and the peculiarities of the business entity and the party to the
franchise agreement.
The law of Ukraine "On accounting and financial reporting in Ukraine" provides
two types of regulation of relations in the field of accounting and financial reporting:
1. regulation of accounting and financial reporting by the state;
2. organization and maintenance of accounting by a business entity [5].
State regulation of accounting and financial reporting in Ukraine is carried out in
order to create indivisible rules of accounting and financial reporting, which are
mandatory for all enterprises, they guarantee and protect the interests of users, as well
as improve accounting and financial reporting.
Questions of the organization of accounting in the enterprise are within the
competence of its owner or the authorized body or official in accordance with the
legislation and constituent documents. The company independently can:
-
determine accounting policy of the enterprise;
-
choose form of accounting as a certain system of registers of accounting, the
order and method of registration and synthesis of information in them with taking into
account features of the activity and technology of processing of accounting data;
-
develops a system and forms of internal accounting, reporting and control of
business operations, determines the rights of employees to sign accounting documents;
-
approves the rules of document circulation and technology of processing of
accounting information, additional system of accounts and registers of analytical
accounting [5].
Legal regulation is one of the main factors of successful development of
franchising. Despite the rapid development of this form of business both in Ukraine
and in the world today, franchising is not regulated at a sufficient level. The main
problem in the development of the franchise system in Ukraine is the lack of legal
framework [2].
In Ukraine, the franchising relationship is called a commercial concession, and
the sides of the relevant agreement are called the right holder and the user. By the way,
in all the drafts of the Civil code the term "franchising" was used and only at the final
stage of its adoption it was replaced by the term "commercial concession", which
cannot be considered successful in connection with the possible identification of a
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