Features of Accounting under Uncertainty and Risk Conditions

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Introduction. The purpose of the activity of each commercial organization is to make a profit, and therefore it is especially important, given the limited labor, material and financial resources, to achieve the planned performance indicators presented in both financial and non-financial assessments. Risks arising in conditions of external and internal uncertainty have an impact on the implementation of the financial and economic activity plan. To ensure the continuity of an economic entity's activities, it is necessary to form a flexible accounting system that accumulates information not only about the facts of economic life that have occurred, but also their characteristics from the perspective of risk-oriented management, in order to reduce the impact of uncertainty conditions on the financial results and property status of the organization. Purpose. Identification of accounting system problems in conditions of risk and uncertainty. Methods. The work uses general scientific research methods - comparison and analysis at each of the presented stages of the study based on an information base, including open data sources, scientific publications of Russian and foreign authors. Results. The key results of the study are 1) the differentiation of the definitions of "risk" and "uncertainty"; 2) the comparison of the chronology of the development of risk management and accounting; 3) the establishment of conceptual problems in accounting under conditions of risk and uncertainty. Conclusions. This study confirms and identifies conceptual problems in accounting in conditions of uncertainty and risk, pointing to the need to develop organizational and methodological foundations based on theoretical principles, which in turn will increase the competitiveness of economic entities of different forms of ownership and types of activity.