ANALYSIS AND IMPROVEMENT OF COEFFICIENTS OF RISK OF NON-FULFILLMENT OF OBLIGATIONS UNDER FINANCIAL INSTRUMENTS OF UNITARY ENTERPRISES AND BUSINESS COMPANIES OF THE STATE SECTOR OF THE ECONOMY

Abstract

The article presents the problems of unreliable valuation of financial instruments, namely financial assets in the accounting of unitary enterprises and business companies of the state sector of the economy and investigates that this problem, which is caused by an imperfect regulatory system of accounting, which thereby regulates the accounting reflection of the fair value assessment of existing financial instruments, the problem of imperfect management of financial assets of state-owned enterprises and companies has been proven, which as a result leads to an increased number of bankruptcies and the necessary procedure for the privatization of such state-owned enterprises and companies; the article examines the issue of the method of reliable and accurate accrual of the reserve for doubtful debts, that is, the reserve for future expected credit losses, to financial assets; and also the article proves the aspect of the impact of the reserve for expected credit losses on the reliable assessment of the economic resources of the enterprise, namely the financial assets of the enterprise, the existing legislative and regulatory framework of this issue is analyzed; and also analyzed the main problem in the reliable formation of a reserve for expected credit losses, proposed improvement and clarification of the risk factors of non-fulfillment of obligations under financial instruments of unitary enterprises and economic companies of the state sector of the economy, proved the need for absolute identification of financial assets and financial instruments that are subject to mandatory testing for the risk of possible credit losses, the authors presented the development of a single method of reliable assessment, namely the most approximate reliable assessment of probable credit risk, proved the need for correct calculations, and mandatory reinforcement of supporting documents for data accounting operations for the purpose of reliable adjustment and impact on determining the financial result for the reporting period of such enterprises and companies, this article examined the impact on companies of the state sector of the country's economy.