Purpose of research: scientific grounding of the theoretical and methodical statements and working out the recommendations on improving accounting for company's activity under risk directed towards the prevention of risk emergence and influence of its negative consequences on the financial position of a company and creating the information provision of the process of business activity risks management. Object of research: business activity of an enterprise under risk and its accounting reflection. Subject of research: the theoretical, organizational and methodic issues of accounting for company's activity under risk. Methods of research: observation, theoretical generalization, comparison, grouping, causative-consecutive method, system approach, induction, deduction, analogy, specialization, historical method, analysis, synthesis, modeling. Scientific novelty lies in the grounding of the theoretical statements and working out of the practical recommendations on improving accounting organization and methods of company's activity under risk, directed towards the minimization of the negative consequences of risks and effective management of the company's activity: for the first time the results as follows have been obtained: theoretical grounding of the interpretation of business activity facts as an accounting object through the risk constituents (event, state, condition of uncertainty), factors as follows have been determined: risk-cause (contingent assets, contingent liabilities), risk-consequence (assets, receivables, reserved and additional capital, reserves, liabilities, revenues, expenses, financial results); the issues have been improved as follows: classification of company's activity risks for accounting purposes (relative to the business entity, by the spheres of emerging, character and type of activity), the application of which enables determination of the impact of risk's consequences on the company's activity results as well as their accounting reflection; organization and methodic approaches towards the estimation of the possible risks' consequences (the scale of their recognition in accounting has been established), that enabled to work out the methods of accounting reflection of business transactions taking place under risk according to the methods of activity risks management; requirements to the disclosure of information about the possible consequences of activity risks in reporting: internal (Contingent Financial Results Statement, Prognosis of the Activity Consequences under Risk) and external (financial) reporting, which enables to meet the users' information needs for managing risks; elements of accounting organization in the part of regulating the degree of accountant's professional risk by determining the policy of accounting staff recruiting, insuring such risks, stipulating professional responsibility in the contract, which allows to minimize the impact of risk's consequences on the reliability of accounting statements and company's activity results; the following issues undergone further development: interpretation of the concept "risk" for accounting purposes as a clear possibility of emergence of the negative or positive consequences of the activity performed under impact and changes of internal and external business factors and as a result of realization of the managerial decisions influencing the company's financial position, which allows to provide the unified approach towards the accounting reflection of the company's activity under risk; interpretation of the concept "accountant's professional risk" (actions or on the contrary inactivity of the accounting personnel provoking the possible danger of accounting information misstatement caused by the economic mismanagement and squandering, falsification of reports), which enabled to determine the causes of emergence of the accounting staff's professional risks (methodic and technical mistakes, violations) as well as foresee the actions on their elimination and minimization; elements of organizing accounting control of the company's activity under risk (purpose, objectives, objects, stages of control, working documents have been determined), which provides the formation of the reliable accounting information as well as increases the effectiveness of the system of business risks management. Implementation extent: research results have been implemented into the practice of the Limited Company "Nyva Ekspo", private enterprise "Nove Pole", utility company "Zhytomyrteplokomunenergo" of Zhytomyr Local Council, state enterprise "Ruzhyn-moloko". Separate results are applied in the educational process of Zhytomyr State Technological University in teaching "Economic Analysis", "Company's Reporting", "Auditing", "Financial Accounting I" and "Financial Accounting II".
