The problems of the practical use of national guideline of joint venture accounting in Ukraine

Abstract

In order to improve legal regulation of joint venturer and reporting is necessary to finalize the existing Guideline in the part of recognition of a participant`s shares in the revenues and expenses of joint venture, mutual elimination of the results of operations in the revenue and expenses sheet of joint venture. All these measures are aimed at improving the reliability of financial reporting, which is used for the users for management decisions and principles of conservatism and substance over form.