Бухгалтерський облік та фінансова звітність в умовах воєнного стану в Україні

Abstract

Introduction. The armed aggression of the Russian Federation has a devastating effect on the economy of our country and its financial system. It is possible to counteract this, as well as to create conditions for the restoration of the lost, to move forward by implementing the reforms started in peacetime, only on the basis of the modern information basis of management that includes ,in particular , accounting and financial reporting. Problem Statements. Martial law for the economy of the state and enterprises in accounting are treated as activities in case of emergencies. Recognition of the latter has a significant impact on the reflection of results of operations and financial state in the financial statements, separation of adjusting and non-adjusting events after the reporting period, assessment of business continuity as a fundamental principle of reporting, and submission and disclosure of financial statements. Purpose. Martial law is an atypical phenomenon for Ukraine, so the goal is to find out: the ability of the national accounting system to accurately reflect the financial and economic situation of the enterprise under martial law; the ability of the methodology of accounting of institutional sectors of the economy to ensure the formation of the necessary information, the need for which arises at this time; the need and possibility of continuing reforms in accounting. Results. It is determined that the normative and legal support of accounting in Ukraine creates all the necessary conditions for a reliable reflection of the financial and economic condition of the enterprise in the conditions of armed aggression of the Russian Federation. The application of relevant standards ensures that both special circumstances and the consequences of hostilities and events are taken into account by reflecting certain transactions, recognizing and measuring elements of financial statements, and disclosing information. Conclusions. The reform of the public sector accounting and financial reporting system needs to be continued in line with the Strategy for the Modernization of the Public Sector Accounting and Financial Reporting System until 2025, in particular with regard to the consolidation of financial reporting at various levels. The introduction of the government's annual financial statements will strengthen the soundness of management decisions at the macro level, both domestic and interstate.