Investment activities of financial credit and budgetary institutions for accounting and taxation purposes

Коliesnichenko Anastasiia
Ph.D. (Economics), Associate Professor, Associate Professor of Accounting and Finance Department, National Technical University “Kharkiv Polytechnic Institute”, Kharkiv, Ukraine, E-mail:anastasihpi@gmail.com, ORCID ID: https://orcid.org/0000-0002-5007-9082

Cite this article:

Коliesnichenko A. (2024) Investment activities of financial credit and budgetary institutions for accounting and taxation purposes. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Investytsiina diialnist ustanov finanso-kredytnoi ta biudzhetnoi sfery dlia tsilei obliku i opadatkuvannia; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 7-8 (320-321), pp. 69-76.

Abstract

The purpose of the study is to reveal the essence, scope of investment, analysis and substantiation of the specifics of investment activity of institutions of the financial and credit and budgetary sphere, for further use in solving accounting and taxation tasks. The theoretical and methodological basis of the research is the theory of public administration, institutional theory, as well as methods of generalization, analysis, and a systemic approach. The information and analytical base was formed as a result of the elaboration of legislative acts of Ukraine, statistical and analytical reviews of the state of the budget system and financial and credit institutions in the country, scientific works and publications. It was determined that since investing is expressed in the placement of monetary or other assets that should bring financial benefit to their owner, it is important to take into account all aspects of their application. For this, among the areas of application of financial investments, accounting and taxation play a special role. Based on the analysis of the provisions of the Law of Ukraine "On Investment Activity", a scheme of investment activity was formed, which should be implemented by institutions of the financial and credit and budgetary spheres for the purposes of accounting and taxation. It was determined that the participation of banks in the investment process can be considered in a narrow and broad context. At the same time, increased competition in the banking sector leads to a decrease in the level of margins, which prompts banks to look for new sources of income, including from investment activities, and as a result affects the entire taxation system in the context of its own competitiveness. It has been proven that when forming budgets according to expenses, due to the implementation of estimates of budgetary institutions for accounting purposes, we can only talk about the implementation of the budget by contributing these funds to long-term financial investments. The practical significance lies in substantiating the role and specifics of investment activities of institutions of the financial and credit and budgetary spheres in solving accounting and taxation tasks, which will contribute to increasing the efficiency of accounting processes, the effectiveness of the tax system and, as a result, will improve the economic and financial situation of these special economic entities.

Keywords

investments, investment activity; financial and credit institutions; budgetary institutions; banks; state investments; accounting, taxation.

JEL classification: E620; G240; H210; H300; H540; DOI: https://doi.org/10.32680/2409-9260-2024-7-8-320-321-69-76

UD classification: 657:338.2:330.322

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