ACCOUNTING OF PROPERTY STATUS AND SECURITY OF ENTERPRISES IN MARTIAL LAW CONDITIONS

Abstract

The article examines the content and structure of property security of entrepreneurship under martial law, as well as its relationship with the system of internal control, risk management, and business continuity. The current regulatory framework of Ukraine and international standards that determine the rules for accounting treatment of losses, asset impairment, and recognition of compensations (insurance payments, state aid/grants, reimbursements) are summarised. Methodological approaches to documenting losses and forming an evidence base for insurance/state reimbursement are developed, and a scheme of interrelated management decisions (accounting, taxation, insurance, claims management) is presented. A “five-layer property security” model for enterprises is proposed, and ways to improve risk management efficiency in wartime conditions are outlined. The peculiarities of recognition of compensations in financial statements under NAS (Ukrainian Accounting Standards) and IFRS, including tax implications when writing off destroyed assets, are substantiated. In addition, practical aspects of applying these approaches in the activities of Ukrainian enterprises are analysed, with emphasis on the need for digitalisation of accounting processes and automation of evidence-based formation to accelerate reimbursement procedures. The article highlights the experience of companies that have already integrated elements of risk management and internal control into their property security system. It is emphasised that the implementation of a comprehensive approach not only reduces the risks of asset loss but also increases the investment attractiveness of the business. It is determined that effective organization of accounting for insurance payments and compensations contributes to the transparency of financial reporting and builds trust from creditors, investors, and state institutions. The importance of international standards as a guideline for improving domestic practice, as well as the role of state support in restoring destroyed assets, is underlined.