Abstract
The article is devoted to the study of financial instruments in conditions of economic uncertainty. Based on a study of national and international statistics and theoretical resources related to the restructuring of socio-economic and geopolitical ties, due to the rapid spread of the COVID-19 pandemic, its implications for accounting for financial instruments and disclosure of financial statements in accordance with International Financial Standards Reporting.
 A combination of factors such as rising unemployment, falling demand for goods, bans and restrictions on doing business, severance of international ties, reorientation of markets to domestic consumption, rising risks of bankruptcy and default have led to the formation of economic uncertainty, which is most threatened by business initiative. Economic uncertainty, which gradually changes from sudden to prolonged, has a direct impact on the business activity of enterprises, in particular, on their financial instruments.
 The pandemic caused by the COVID-19 virus has become a great challenge for participants in economic relations, who during the years of stability have managed to get used to stable market relations. The pandemic, which humanity has been struggling with for almost two years, has affected the entire system of social relations. At the beginning of the deployment of anti-epidemiological measures, the world economy was not ready to distance the production process. Economic indicators, which are an indicator of the development of individual states, demonstrate the vulnerability of sustainable socio-economic relations that existed before the COVID-19 pandemic.
 The potential impact of the coronavirus outbreak on financial instruments has been assessed in such areas as increased expected credit losses, modification of financial assets and liabilities, losses under financial guarantee agreements accounted for in accordance with International Financial Reporting Standards, and reduced hedge effectiveness.
Highlights
Since the beginning of the second millennium, the biggest challenge to the existence of human civilization has become the crown viral pandemic
The pandemic caused by the COVID-19 virus has become a significant challenge for participants in economic relations, who have become accustomed to traditional market relations over the years of stability
Economic uncertainty caused by the spread primarily due to the rate of reach of the disease, of the COVID-19 pandemic is a significant factor which entails macro and microeconomic in the financial problems of enterprises
Summary
Since the beginning of the second millennium, the biggest challenge to the existence of human civilization has become the crown viral pandemic. The article attempts to assess the effects of economic uncertainty on the accounting of financial instruments and analyze the impact of the COVID-19 pandemic on the disclosure of financial statements. Rogoznyi S. and Dyadyun O. made a significant contribution to the study of numerical aspects of the impact of COVID19 on the dynamics of economic processes, investigating the effects of quarantine and other features of 2020 on financial instruments in IFRS reporting. Umantsiv H. and Novikov V. explained the process of disclosing information about the impact of COVID-19 on accounting estimates in the financial statements. The emergence of the coronavirus and its rapid spread has forced governments worldwide to declare quarantine restrictions, creating general economic uncertainty that directly impacts the accounting and financial reporting of many companies in Ukraine and around the world. The pandemic has created a new environment that creates significant difficulties for companies that prepare financial statements according to international standards
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