ANALYSIS OF THE FINANCIAL CONDITION OF THE ENTERPRISE AND ITS RELATIONSHIP WITH MANAGEMENT ACCOUNTING

Abstract

The need to study this topic is due to the requirement of time and the need to find alternative ways to improve the management system of the enterprise. The issue of providing enterprises with information about financial resources and their optimal distribution for the needs of sustainable development and further work is important, as it has a significant impact on the overall financial condition.The purpose of the work is to reveal the essence of the financial condition of the enterprise, to study the information support of financial analysis and to disclose its relationship with management accounting at Ukrainian enterprises.The study identified the need to analyze the financial condition of the enterprise and its economic interpretation. The interrelation of information support of financial analysis and management accounting is substantiated. It establishes and characterises interaction of main methods of financial analysis and directions of managerial accounting. The main methods of financial analysis for the study of the financial condition of the enterprise are considered, as well as the issues of normative values of the main financial indicators: their comparison in domestic and foreign enterprises are highlighted. The information support of the financial condition analysis is analyzed. The main factors of significant influence on the financial condition, which are taken into account in the analysis, are investigated.As a result of the study, the methodological support of financial analysis was improved by studying its relationship with the components of management accounting. A number of proposals have been introduced: the use of a systematic approach to the analysis of the financial condition of enterprises, improving the quality of information support for the analysis of the financial condition and the use of management accounting as a key tool in planning, evaluating and monitoring the results of economic entities.The researched topic is quite promising and is subject to further disclosure in the study of enterprise strategies, approaches to management and analysis of financial reporting indicators