КОНЦЕПЦІЯ РОЗКРИТТЯ ІНФОРМАЦІЇ У ПРИМІТКАХ ДО ФІНАНСОВИХ ЗВІТІВ
The notes to Financial Statements are one of the most powerful sources of information for management decisions concerning a business entity. The tendency to overload informative notes causes rethinking of their role and content. The aim of the study is to discuss a number of ideas that set the requirements for disclosure in the notes to financial statements in order to prevent duplication of information in financial reporting as a whole and eliminate irrelevant disclosure to achieve clarity, consistency and effectiveness of the information contained in the notes. Based on the proposed clarified definition of «the notes to financial statements», we concluded that the notes should: a) provide details and explanations of primary financial statements; b) apply only to transactions and events existing at the reporting date; c) focus on the needs of specific users and reflect reporting information specific to each entity. The development of the paper concepts will help strengthen the usefulness of company financial statements and increase their transparency.