Procedure for formation of financial statements of the organization

This article discusses current issues, the composition and procedure for the formation of the accounting (financial) statements of the organization. The role and significance of accounting (financial) statements for analytical purposes is emphasized. The contents of the accounting (financial) statements as the basis for the analysis of the financial condition of the organization are disclosed. The procedure for preparing financial statements is presented, the structure is described and the importance of financial indicators, which are the basis for conducting financial analysis of the organization, is emphasized.