The concept and essence of financial reporting as the main source of information on the results of the enterprise’s business activities
https://doi.org/10.24182/2073-6258-2022-21-1-88-93
Abstract
Against the background of the development of economic relations in Russia, the requirements for the financial statements of the organization are currently increasing. The reporting information provides an overview of the financial position and results of the organization in order to improve the efficiency of business decisions. The directions of further development of the accounting and reporting system are disclosed in the concept of the development of accounting and reporting in the Russian Federation for the medium term. In many ways, the quality of accounting and reporting information is determined by principles that not only form the theoretical basis, but also provide practical guidance for action. Key financial indicators depend on their use; they serve as a basis for creating reliable information that is as clear as possible to a wide range of users.
About the Authors
A. F. Talibova
Tambov State Technical University
Russian Federation
Russian Federation
Master’s degree student, Department of Economics
Tambov
N. V. Moskalenko
Tambov State Technical University
Russian Federation
Russian Federation
Cand. Sci. (Econ.), Assoc. Prof., Department of Economics
Tambov
T. N. Sharonina
Tambov State Technical University
Russian Federation
Russian Federation
Cand. Sci. (Econ.), Assoc. Prof., Department of Economics
Tambov
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Review
For citations:
Talibova A.F., Moskalenko N.V., Sharonina T.N. The concept and essence of financial reporting as the main source of information on the results of the enterprise’s business activities. Scientific notes of the Russian academy of entrepreneurship. 2022;21(1):88-93. (In Russ.) https://doi.org/10.24182/2073-6258-2022-21-1-88-93
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