IMPACT OF DIGITIZATION OF THE ECONOMY ON THE FORMATION AND USE OF FINANCIAL STATEMENT INDICATORS OF ENTERPRISES
Abstract
The article is devoted to the study of the features of the formation of financial reporting of enterprises in the conditions of the digital economy. Touching on all spheres of activity of enterprises, the digital economy influences the process of reforming the accounting and reporting system of domestic enterprises. The purpose of the article is to study the impact of the digitalization of the economy on the reporting information of enterprises and the formation of author's developments on improving financial reporting in these conditions. The methods of analogy and grouping, analysis, synthesis, comparison, systematic and logical approaches were used as research methods. The digitalization of the economy has a significant impact on the accounting system of enterprises as a whole. Financial reporting is the final point of accounting, and is also an indispensable source of information for users of accounting information. Accounting automation makes it possible to improve the qualitative characteristics of financial reporting, compliance with which is required by international standards. However, it is substantiated that not all qualitative characteristics of financial reporting depend on the digitalization of the economy, some of them depend to a greater extent on the professional judgment and intentions of the accountant. Automation of financial reporting provides not just duplication of paper reporting forms, but its formation in XBRL format. It is proposed to refine financial reporting forms in this format in such a way as to fill them with reference information that will provide users with the necessary data on the procedure for forming indicators, on the legislative regulation of relevant business transactions, etc. It is determined that digitalization creates technical conditions not only for the formation of financial reporting, but also for its use for the purpose of analysis and forecasting. It is proposed to introduce such a function in the XBRL reporting format. The practical value of the article is that the application of conclusions and proposals will ensure increased analytical and qualitative characteristics of financial reporting indicators and will allow enterprises to attract more counterparties to interaction.
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