Ivakhiv I. Financial statements of enterprises: accounting and analytical aspects

Methodical principles of information disclosure in financial statements and its analysis are investigated and practical recommendations for their improvement are developed in the thesis. Economic essence of the financial statements, their necessity and factors of development, significance and role in decision-making process are exposed. Theoretical grounds of the financial reporting as an informational system are formulated through establishment and description of its purpose, subjects, relations between them, principles, object of their co-operation. Classification of information that is given through the financial reporting is developed. Main elements of the financial statements are identified and classified, links among them are clarified.Major accounting principles in relation to the financial statements preparation are highlighted through research of procedures and techniques of accounting objects recognition and measurement, manners and forms to present information about an enterprise's economic activity results. Important analytical aspects of financial statements are revealed, their practical value for users in studying position and efficiency of an economic entity is demonstrated. Financial statements analysis theory is developed. Expediency to wider usage of cash flow measures for analytical purposes is grounded. Methods of evaluation of an enterprise's economic efficiency, its financial indicators quality on the financial statements basis are improved.