Force Majeure Circumstances in the Contract: Information and Accounting Support

Анотація

The section of the contract on force majeure circumstances, which was previously treated quite formally or did not include such information at all, has become too relevant today for making further management decisions.These issues have an impact on the information and accounting provision of contractual relations, which has certain features depending on the periods of conclusion of contracts, which requires additional research and drawing up directions for improvement.Purpose.The purpose of the study is to determine the concept and features of force majeure in contracts, in particular, during martial law and the formation of information and accounting support for making further management decisions in the event of force majeure.Results.The article examines theoretical and practical approaches to the content of force majeure and normative aspects of its certification in contracts.A classification is presented regarding the management's information support about force majeure in contracts, which is useful for reflecting in debt accounting and monitoring contracts concluded as a result of public procurement.Outlines the main features of force majeure in contracts during martial law.It is substantiated that in accounting, an economic contract can act as a document, be a fact of economic activity that requires accounting.It has been proven that economic transactions related to the occurrence of obligations under contracts, including those containing force majeure circumstances, must be reflected in the accounting.Conclusions.Information about force majeure must be contained in any contract, which must be duly executed.Such a contract will be a significant and influential factor for making effective management decisions, will help companies avoid paying fines or fines in case of non-fulfillment of contractual obligations.Force majeure circumstances do not automatically cancel contractual obligations.Therefore, accounting receivables and payables under such contracts must be reflected in the accounting records.

Класифікація

Ідентифікатори

Схожі роботи