Definitions of the accounting analytical system of income and expenses

This article presents the results of the study, the relevance of which is determined by business conditions in the framework of the new Russian economy and a fairly high level of competition in the retail segment of the consumer market, which encourages business owners to use integrated mechanisms for accounting, analysis, planning and control of income and expenses. The purpose of this study is based on the need to improve the tools of accounting and analytical work of sectoral economic entities, which is the accounting and analytical system (UAS), within the framework of the fundamental economic categories of “income” and “expenses”. To achieve the goal of the study, the authors implemented the following tasks: 1) the existing conceptual, theoretical, methodological and legislative positions were studied in relation to the economic categories of “income” and “expenses”; 2) the accumulated existing domestic and foreign practical experience in the use of UAs has been studied; 3) the concept of UAS revenues and expenses is clarified; 4) the author proposes a methodology for using the financial instruments that provide the UAAS in the practice of financial and economic activities with the goal of transparency of accounting and analytical information, development of management decisions with a view to increasing economic efficiency, strategic development and increasing competitive advantages. The practical significance lies in the methodological position of the authors, which contributes to the expansion of the theory and practice of accounting and analytical work in the context of the UAS of income and expenditure in relation to the economic subjects of the retail segment of the consumer market.