Problems and developments of accounting, audit and analysis of financial results of the business of the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 4, Issue
Abstract
The main objective of each economic entity's activity is to obtain profit, therefore, one of the most difficult and most responsible types of audit is the verification of financial results and the assessment of the financial position of the entity. The importance of these processes leads to the search for directions for improvement and research of problem issues of the organization and methods of accounting and audit of financial results of activities taking into account the requirements of national, international standards and modern advances in information technology. All this makes the topic of research relevant The article deals with the actuarial problems of the formation of financial results in the general conditions of the state domination. It is the financial result that is most controversial and vulnerable to distortions and fraudulent actions. Therefore, in order to determine the financial strategy of a business entity development, it is important to find the indicated problems in a timely manner and to quickly solve them by carrying out a qualitative audit. Also, the article generalizes the scientific approaches to the definition of the economic substance of financial results of enterprises. Approaches to the classification of financial results with different characteristics are considered, controversial moments are determined at the legislative level. The article states that an important component of the audit of financial statements is the financial analysis of the reporting, which allows to assess the financial sustainability and solvency of the enterprise, in particular, to calculate the coefficients and indicators of liquidity and financial activity. The basic problems of analysis and audit in the general conditions of state domination are determined. The main obstacles in the audit of financial results of the enterprise were identified. New offers for promotion and increase of efficiency of accounting of financial results. The peculiarities of audit of financial results of activity of the enterprise are considered, problems are solved in the implementation of the analysis and the ways of its improvement in the general conditions are outlined. The article suggests ways of ensuring transparency of the process of financial results of enterprises, which will facilitate the prompt acceptance of substantive decision-making in the process of activity of the subjects of state governance.
Authors and Affiliations
Kateryna Dmytrivna Saliamon-Mikhieieva
Keywords
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