ACCOUNTING STATEMENTS OF THE ORGANIZATION. COMPOSITION, PREPARATION AND CONTENT OF ANNUAL FINANCIAL STATEMENTS
In the course of its activities, any enterprise (represented by its managers) carries out any economic operations, makes certain decisions. Almost every such action is reflected in accounting. Information about business transactions carried out by an economic entity for a certain period of time is summarized in the relevant accounting registers and transferred from them in a grouped form to the accounting statements. Such a procedure for summarizing accounting information is necessary primarily for the enterprise itself and is associated with the need to clarify, and in some cases, adjust the further course of financial and economic activity of a particular enterprise. Therefore, accounting statements should identify any facts, the content of which may affect the assessment by users of information about the state of ownership, financial situation, profits and losses. Users of such information are managers, founders, participants and owners of the company's property. The content of reporting on the company's activities, property status and degree of financial stability is of interest to potential investors interested in investing capital.