Reporting as a tool for improving the efficiency of enterprise management

Moskaliuk Hanna
PhD, Associate Professor of the Department of Accounting, Analysis and Auditing, Odessa National Economic University, Odessa, E-mail:moskaliukann@gmail.com, ORCID ID: https://orcid.org/0000-0002-9810-0522

Tonhobash Tetiana
Master's student of the Department of Accounting Analysis and Auditing, Odessa National Economic University, Odessa, E-mail: tanya1107200@gmail.com, ORCID ID:

Cite this article:

Moskaliuk H., Tonhobash T. (2022) Reporting as a tool for improving the efficiency of enterprise management. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Zvitnist yak instrument pidvyshchennia efektyvnosti upravlinnia diialnistiu pidpryiemstva; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 9-10 (298-299), pp. 30-36.

Abstract

Purpose. To reveal the content and essence of using reporting for the analysis of the financial and economic activity of the enterprise, the development of proposals and recommendations regarding the application of reporting indicators, which will lead to the adoption of effective management decisions. Method. During the research, the following methods were used: to reveal the essence of the company's reporting and the relationship with other objects, the method of comparison, generalization and system was used, to study the effectiveness of the use of the company's resources with the help of financial reporting - elements of the method of economic analysis. The results. Reporting is the main means of communication that provides internal and external users with information about the activities of a business entity. It was found that the enterprise's reporting is a systematized and structured document that reflects information about the property, rights and sources of the enterprise's economic assets. It is proposed to carry out research in the direction of improving the methodological foundations of financial reporting analysis. Scientific novelty. The essence of financial reporting is defined, its users are specified. Іt is proposed to improve the reports, which will contain information on other external factors that are not reflected in the financial statements. Each group of indicators that determine the efficiency of enterprise management is considered in detail. Deficiencies in reporting analysis were identified. Practical importance. The formation of financial statements is a necessary part of the functioning of the enterprise, as it provides all the necessary information about the efficiency of its activities.

Keywords

reporting, users, financial condition, analysis, management decisions, efficiency.

JEL classification: М410, L740; DOI: 10.32680/2409-9260-2022-9-10-298-299-30-36

UD classification: 657.37:005.936.3

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