IDENTIFYING THE FINANCIAL CONDITION OF AN INDUSTRIAL ENTERPRISE THROUGH ANALYSIS OF ACCOUNTING STATEMENTS

Abstract

The study presented in the article is devoted to revealing the role of accounting statements as the main source of information about the financial condition in modern conditions. As part of the study, the activities of OAO Aviaagregat were characterized, and its financial condition was analyzed. The study of the financial condition of the enterprise showed a slight contraction of the balance sheet while maintaining a critical structure. The balance sheet value decreased, reflecting a contraction of economic activity. In the article, a set of recommendations has been developed to address the identified problems: it is necessary to reorganize the accounting policy, taking into account the specifics of the aviation engineering industry and the requirements of FSBU 15/2020 "Financial Instruments" and FSBU 4/2023 "Accounting (Financial) Reporting". It is also necessary to implement an effective system for managing accounts receivable, creating reserves for doubtful debts, and establishing an internal control system for the quality of financial statements.