ORGANIZATION OF ACCOUNTING AND CONTROL OF FINANCIAL RESULTS AS A COMPONENT OF THE ENTERPRISE MANAGEMENT SYSTEM

Abstract

The article is aimed at examining the features of accounting and control of financial results as one of the key elements of the enterprise management system. The relevance of the topic lies in the fact that the article explores a comprehensive set of theoretical and organizational aspects of the formation of business results for enterprises. Special attention is given to the functions of accounting and control of financial results, as these are key tools for ensuring the reliability of financial information needed for making informed management decisions. Effective organization of accounting and control allows for the timely identification of deviations from planned indicators, evaluating the profitability of operations, and developing strategies aimed at improving financial stability and competitiveness of the enterprise. The purpose of the article is to explore theoretical approaches to accounting and control of financial results, as well as to define their role and place in the enterprise management system. The primary objective is to ensure the effective use of the obtained information to improve the management of financial results. The article analyzes the essence of the concept of financial results and states that financial results represent a set of financial indicators that reflect the effectiveness of the enterprise’s economic activities over a certain period. These results include revenues, expenses, profit, loss, and other financial indicators that allow for a complete picture of the financial condition and success of the enterprise. It is noted that effective accounting of financial results enables not only tracking profitability and costs but also analyzing financial indicators, which in turn contributes to resource optimization and improving the enterprise's competitiveness. The main functions of accounting and control of financial results are defined as accounting, analytical, control, and informational functions. The article highlights the theoretical aspects of the role and place of accounting and control of financial results within the enterprise management system, particularly discussing their significance for improving management processes, ensuring financial transparency, and achieving the key objectives of the enterprise.