THEORETICAL AND APPLIED ASPECTS OF DETERMINING THE IMPACT OF THE TRANSFORMATION OF THE WORLD ECONOMIC SYSTEM ON IMPROVING THE MANAGEMENT OF FINANCIAL AND CREDIT, TAX AND ACCOUNTING PROCESSES IN THE REGIONS OF UKRAINE

Abstract

This article highlights the transformation of the world economic system and the globalization and integration of economic systems in the context of improving the management of financial and credit, tax and accounting processes in the regions of Ukraine. At the same time, using systematic and synergetic approaches and methods of analysis and synthesis, induction and deduction and comparative analysis, it is established that the development of Regions is a qualitative economic growth, the main components of which are primarily progressive structural changes in production and rational resource proportions and product nomenclature or combining and improving the resource supply used. It is based on investment investments that are met by domestic and borrowed funds, the ratio between which is determined primarily by Tax Policy and credit rates and the growth rate of production potential, etc. Therefore, in modern conditions, the formation of a financial and investment mechanism for ensuring regional development is of particular importance, with the use of which today the totality of income created in the economic complex of the region is achieved, including funds received from the population and financial assets attracted from outside as a result of their redistribution. At the same time, the main amount of financial resources of the territory is created primarily in material production – only a small part of them are appropriations that come from the wage fund in the form of tax payments of the population. And the basis for building and functioning the financial system of the region should be the principle of «develop at the expense of your own income», which is especially important, given the need to radically improve the wellbeing of Ukrainian citizens and in the context of Ukraine's continuous progress in the European, primarily the European Union, and the global economic space.