Using the statement of financial results for financial analysis

The article deals with the most important element and one of the most significant forms of accounting reporting - the report on financial results, which contains information about the final financial results of the organization's activities. It is emphasized that the main purpose of forming a report on financial results is to provide all interested users with reliable information about the profits, losses, income, expenses of the organization for the reporting period. The significance of the financial analysis of the indicators of the financial results report is substantiated, which allows to identify the reasons for the achieved successes and shortcomings in the organization's activities, helps to determine the main ways to improve the efficiency of its work, in connection with which factors are identified and their impact on the final result is determined. In addition, measures aimed at increasing the amount of profit and the level of profitability of the organization are proposed. It is noted that the drastic changes that have taken place in recent years in the Russian accounting practice have made it possible to significantly transform the report on financial results, make it more compact, informative and transparent, adapting it as much as possible in its structure and content to international financial reporting standards.