Application of Accounting Instruments for the Purposes of Financial Planning of Corporations

Abstract

Objective: to identify similar elements and tasks of accounting and financial planning systems and to justify the need for the development of mechanisms for integrating the tools of these systems on the example of the largest complex structured corporation JSC “Russian Railways”. Procedure and methods: the organizational features of the corporation and the specifics of accounting and analytical business processes are analyzed, the risks of the financial planning system as objects that can be leveled by accounting policy instruments. Results: based on the results of the study, the general principles of the formation of accounting and financial planning systems were identified, accounting tools were proposed that allow to level the risks of financial planning, the expediency of bringing the two systems under study closer in order to improve the quality of information and reduce the cost of accounting and analytical work was justified. Practical significance: proposals are formulated to improve the interaction of the accounting system through the accounting policy of an economic entity with financial planning on the example of the JSC “Russian Railways” corporation, which can be applied in practice not only by the railway corporation, but also by other enterprises and organizations.