FINANCIAL ACCOUNTING IN THE INFORMATION SYSTEM OF ECONOMIC MANAGEMENT OF THE ENTERPRISE

Abstract

The relevance of the chosen issue lies in the fact that the role of information in the modern world is steadily increasing, and the financial condition of the organization depends on how the financial statements are compiled and evaluated. In entrepreneurial activity in a market economy, business success, expressed in profit and capital growth, depends on the quality and timeliness of economic information. And this, in turn, affects the financial condition of the organization. The main significance of accounting (financial accounting) as the basis of management accounting is that enterprises in a crisis state are forced to reduce production volumes, and an assessment of the real situation will provide an opportunity to timely develop measures to implement an anti-crisis strategy and develop an enterprise.