Accounting Support for the Management of State-Owned and Municipal Enterprises in Wartime

Abstract

State-owned and municipal enterprises play a crucial role in the economy at the macro and micro level, since most of them are strategically important in the conditions of the full-scale military invasion of the territory of Ukraine and for the post-war restoration of the national economy. The strategy of the Ukrainian Government to optimize the management of state-owned enterprises by reforming and privatizing enterprises is aimed at reducing the number of unprofitable and strategically unimportant entities. The basis for reforms in the public sector of the economy is scientific substantiation and research into the issues of accounting support for the management of state-owned and municipal enterprises in order to achieve economically profitable privatization. The authors place emphasis on the urgency of organizing continuous accounting at operating enterprises, as well as those located in occupied territories, partially or completely destroyed. The problem of lacking information on the real situation, resulting from the impossibility of physical access to assets was identified, which exacerbates the issue of accounting, documentation and future compensation of the losses by the aggressor. The factors with a significant impact on organization of accounting were identified; the need for accountants to obtain new skills and knowledge in order to maintain continuous accounting in view of the changes in the regulatory framework of Ukraine and obtain reliable information on the real performance at state-owned and municipal enterprises was proven. It was demonstrated that an important role in conducting an inventory, assessing losses and the real situation, and protecting information of strategically important enterprises belonged to the latest digital technologies, e.g. “cloud” and blockchain ones, allowing for the maximal protection minimizing the likelihood of information leakage and preventing its amendments.