Financial statements as an element of the enterprise management system

MARUSHCHAK, Lesia
BOBYK, Vladyslav
SHUMYLO, Angelina
KINDRATIV, Roman

Ternopil Ivan Puluj National Technical University, 56 Ruska str., 46001 Ternopil, Ukraine

Marushchak, L., Bobyk, V., Shumylo, A. & Kindrativ, R. (2021) Finansova zvitnist yak element systemy upravlinnia pidpryiemstvom [Financial statements as an element of the enterprise management system]. Sotsialno-ekonomichni problemy i derzhava [Socio-Economic Problems and the State] (electronic journal), Vol. 25, no. 2, pp. 128-135. Available at: http://sepd.tntu.edu.ua/images/stories/pdf/2021/21mlisup.pdf

Scientific Journal "Socio-Economic Problems and the State"

2(25)

Nov-2021

Oct-2021

27-Jul-2022

Ternopil Ivan Puluj National Technical University

UA

Ternopil

https://orcid.org/0000-0002-8666-0071

https://orcid.org/0000-0003-1271-0969

https://doi.org/10.33108/sepd2022.02.128

657

A10

financial reporting
accounting
users
management decisions
industry
enterprise
statistics
controlling
information and analytical support

8

128-135

128

135

The article clarifies the definition of financial statements of enterprises, which is a system of generalized indicators that shows the results of financial and economic activities of the enterprise for the past period (month, quarter, year). It consists of the method of calculation, grouping and special data processing of current accounting and is its final stage. The own definition of accounting is formulated as follows: a report that is compiled on the basis of accounting data to meet the needs of the reports users. It is also explained in the article that financial statements are financial statements that contain information about the financial condition, results of operations and cash flows of the enterprise for the reporting period (month, quarter, year). It is proved that the financial statements include performance indicators of branches, representative offices, and other divisions of the enterprise. The article clarifies that associations of enterprises, in addition to their own reporting, prepare and submit consolidated financial statements for all enterprises that are part of them, if it is provided in the constituent documents of associations of enterprises in accordance with the law. The hypothesis that the report must adhere to the organic unity of the indicators reflected in it is proved. Financial statements should also meet the information needs of those users who cannot request reports that are tailored to their specific information needs. The article outlines that the source of information on the implementation of plans for socio-economic development of various enterprises, business plans of other formations that are created in the industries as a result of property reform are indicators that are recorded in the reports. Each indicator is shown, it is the basis of work to identify shortcomings that have arisen and avoid them in the process of enterprise management.

http://elartu.tntu.edu.ua/handle/lib/38586

2223-3822

http://sepd.tntu.edu.ua/images/stories/pdf/2021/21mlisup.pdf
http://archive.nbuv.gov.ua/portal/soc_gum/inek/2011_2/86.pdf

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Article

Scientific Journal "Socio-Economic Problems and the State", Vol.25, No.2