THE ROLE OF FINANCIAL STATEMENTS IN INCREASING THE EFFICIENCY OF THE COMPANY MANAGEMENT ACTIVITIES

Abstract

Every year, in order to improve the modern economy, it is necessary to improve the company'sactivities for providing services, producing products and performing works. The main tasks facing companies are toimprove the conditions of transportation of manufactured products, high efficiency of the service sector, and theirquality. To achieve these goals, an important role is played by evaluating the company's financial performance. Thiswill help to develop a strategic plan for the company's development and provide a full explanation of decisions andtheir implementation, as well as search for sources for improving the main indicators of financial and economicactivity.Currently, in assessing the company's performance, it is necessary to conduct a policy of evaluating the resultsof its financial and economic activities, including monitoring the activities of partners and competitors. Assesses howmuch they guarantee the economic interests of the company and its partners, determining the state of businessactivity, reliability, competitiveness and business cooperation as an important part of the effective and sustainablefunctioning of the company's financial position. After conducting a financial analysis of the company's activities, youcan see the most important aspects of its financial condition and in what direction you need to work. Afterconducting a financial analysis of the company's activities, work was carried out to determine the most powerful andkey aspects of the company's financial condition. Using the results obtained, we have identified many effective waysto improve the financial condition of the company's operations. The main purpose of this analysis is to timelyidentify and eliminate deficiencies in financial performance, find ways to prevent and eliminate them, and findsources for improving the company's financial condition.