Open AccessROLE OF FINANCIAL REPORTING IN DECISION-MAKING IN ORGANIZATIONS
Author(s) -
G. Sh. Asanova,
Umut Abdyldaeva
Publication year - 2019
Publication title -
vestnik kyrgyzskogo gosudarstvennogo universiteta stroitelʹstva, transporta i arhitektury im.n.isanova/n.isanov atyndagy kyrgyz mamlekettik kuruluš,transport žana arhitektura universitetinin žarčysy
Language(s) - English
Resource type - Journals
eISSN - 1694-8181
pISSN - 1694-5298
DOI - 10.35803/1694-5298.2019.4.680-685
Subject(s) - accounting management , business , substance over form , accounting , audit , cash flow , position (finance) , finance , financial analysis , going concern , financial ratio , actuarial science , balance sheet , financial management , reliability (semiconductor) , financial accounting , accounting information system , accounting standard , auditor's report , power (physics) , physics , quantum mechanics
This article discusses the role and analytical capabilities of financial statements in making management decisions, since financial statements must faithfully reflect the financial position, financial results and cash flow of an enterprise, which requires truthful reflection of completed operations, other events and conditions in accordance with the definitions and criteria recognition of assets, liabilities, income and expenses. The value of financial statements is that it is the information base of financial analysis and audit. Therefore, the reliability of all objects reflected in the account, is a necessary condition in the preparation of accounting and reporting information, both on the property status of the enterprise, and on the results of its activities.