Improving the reflection of money in the balance sheet

One of the most important financial assets in the total assets of enterprises is cash. Sufficient funds will also be required to carry out each stage of the capital turnover in moderate quantities. Accomplishing such a complex task requires chronological and systematic cash flow management. The timely availability of funds at the enterprise gives the right to purchase or exchange other necessary resources (assets) as a financial asset, as well as the availability of opportunities and transactions to repay overdue obligations. Therefore, this type of financial asset will be the basis for the enterprise to exercise its right to timely mobilize other resources needed by the market. Information provided in the form of financial statements in the form of a balance in cash and cash equivalents is one of the main sources for partners in the study and assessment of the financial condition of the enterprise. Recent changes in the national economy, such as accelerating the entry of enterprises into foreign markets, the entry of foreign partners into our country, necessitate the introduction of financial reporting information in accordance with internationally recognized standards or practices. This idea also applies to the accounting of money and funds equivalent to them in the full sense and in the order in which they are reflected in the balance sheet. There are a number of problems in this area, the optimal solution of which is one of the most pressing issues in the system of financial accounting and reporting. One of the most important activities in this regard is the accounting of cash and their equivalents in a free and limited manner and their reflection in the balance sheet.