THEORETICAL ASPECTS OF FORMATION OF ACCOUNTING FINANCIAL STATEMENTS OF RUSSIAN BUSINESS ENTITIES
Accounting and preparation of accounting and tax reporting by economic entities of the Russian Federation is strictly regulated by legal acts, which are developed by the Ministry of Finance of the Russian Federation. The normative nature of accounting by organizations at the state level is due to the need to ensure its uniformity among all entities conducting their activities on the territory of Russia. The annual registration of new economic entities in the form of commercial organizations is due to the desire of the founders to obtain economic benefits from the activities. According to item 1 of Art. 50 of the Civil Code of the Russian Federation commercial organizations are the legal entities "pursuing profit extraction as the main purpose of the activity". Since the main purpose of doing business by a commercial organization is to extract maximum profit, there is a need to carry out control measures and analysis of financial indicators and the position of the economic entity for a certain period of time. One of the instruments of control of the financial result of the organization from entrepreneurial, investment and financial activities is the report on financial results, which reflects the final financial result from the conduct of economic activities for a certain period of time. The development of globalization, world markets and inter-state economic and political relations has led to the need to systematize accounting in order to compare the performance of organizations of one country with the performance of entities of another country, to simplify the conduct of activities and settlement of transactions. In order to conduct a qualitative analysis of the report on financial results, it is necessary to know the main aspects of its preparation, what indicators it contains and their characteristics.