УДК: 657.2

DOI: https://doi.org/10.36887/2415-8453-2022-2-2

Alla Uzhva
Doctor of Sciences (Economy), Associate Professor, Professor of the Department of Accounting and Audit, Petro Mohyla Black Sea National University
Larysa Ivanchenkova
Doctor of Economics, Professor, Head of the Department of Digital Technologies of Financial Operations, Odesa National University of Technology
Halyna Tkachuk
Doctor of Economics, Associate Professor, Professor of the Department of Digital Technologies of Financial Operations, Odesa National University of Technology
Larysa Skliar
Odessa National Academy of Food Technologies, Candidate of Economic Sciences, Associate Professor, Associate Professor of Digital Technologies of Financial Operations

JEL classification: M40


The article examines the conceptual aspects of the formation of financial results in accounting. The formation of financial results is based on the classical theories of accounting, static and dynamic, on their features like the purpose of calculation, the interests of users, elements of calculation, evaluation of elements of calculation, conditions of calculation. It is established that the financial results are a monetary form of results of the enterprise economic activity, expressed in profit or loss. The financial result is based on the results of production and sales processes, so it is one of the main indicators that characterize the efficiency of the enterprise. It is noted that profit is a positive indicator of efficiency and the impact of external factors, the loss is a consequence of low efficiency. It is emphasized that the formation of financial results should be considered as part of the overall management system, which is associated with decision-making to ensure the required size at the level of the business entity to achieve tactical and operational objectives. It is proved that the information according to the accounting of financial results is the basis for most users. In addition, the data of accounting registers, grouped and detailed by certain characteristics, allow you to assess financial risks, compile accounting and statistical reports, which form the opinion of users about the financial condition of the enterprise. Attracting foreign investment in the Ukrainian economy, the entry of Ukrainian companies into international markets, the creation of joint ventures led to bringing the reporting of Ukrainian organizations in line with international standards. Reporting is the final stage of the accounting procedure, and the reliability of reporting on production, economic and financial activities depends on how adequately the accounting procedure reflects the formation of financial results of economic entities. The mechanism of formation of the performance indicator reveals the report on financial results.

Key words: financial results, formation of financial results, accounting of financial results, profit, loss.


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The article was received 03.04.2022