ACTUARY REPORT ABOUT FINANCIAL RESULTS: TRANSFORMATION IN THE ACTUARY ACCOUNTING SYSTEM

Abstract

Introduction. The article examines the features of the second form of actuarial financial reporting. The effectiveness of cost-oriented management comes to the fore in the face of aspects of instability of the national economy. Under martial law, businesses need comprehensive support and additional funding. Actuarial financial reporting is able to increase the image of investment attractiveness, which in its content is able to regulate the agency relationship between business owners and senior managers. Due to such trends, traditional financial reporting needs to be urgently transformed into an actuarial one. The peculiarities of the structure of the Actuarial Report on Financial Results (Actuarial Report on Total Income), which consists of two sections: section I. "Operating activities", section II "Financial activities". The author's method of transformation of the traditional Statement of financial results (Statement of comprehensive income), standard form №1 into actuarial is proposed. The purpose of the article is to investigate the specifics of the transformation of the Statement of financial performance (Statement of comprehensive income), type. Form №1 in Actuarial Report on Financial Results (Actuarial Statement of Aggregate Income), type. Form №1-a on the example of a domestic agricultural enterprise. Method (methodology). Includes general scientific methods - elements of the theory of logic; methods of theoretical generalization and abstract; methods of comparison and grouping; classification method. Results. As a result of the research, the elements of scientific novelty were obtained, which are as follows: the method of transformation of the Statement of financial results (Statement of comprehensive income), type. Form №1 in Actuarial Report on Financial Results (Actuarial Statement of Aggregate Income), type. Form №1-based on foreign experience; outlines the dichotomy of operating and financial activities in the Actuarial Report on Financial Results (Actuarial Report on Total Income), which resolves conflicts of interest of shareholders and top managers in managing business processes, in addition, such information content can create a favorable environment for investment that is, to interest a potential supplier of capital in an active financial market. Thus, the practical significance of the study is to develop recommendations to ensure more efficient functioning of domestic agricultural enterprises through the active implementation of actuarial accounting, which will contribute to the necessary investment in development and improve food security in Ukraine under martial law.