Accounting reporting as the final stage of the accounting process and its information opportunities

This article discusses the information capabilities of financial statements. The procedure for the formation of indicators of financial statements is considered. It is noted, at present, in the conditions of rapidly changing economic situations in the country’s economy, the activity of each commercial enterprise is the subject of attention of many participants interested in the results of its functioning. In order to possess information about the financial condition of the enterprise, it is necessary to use the information capabilities of financial statements, that is, to analyze the indicators of all forms of financial statements in order to identify the reserves of the company and factors for improving economic indicators. The conditions that must be observed when forming indicators of financial statements, the stages of the reform of the balance sheet, the rules for closing accounts and the latest changes are considered. The article describes each form of financial statements in terms of their information capabilities...