FINANCIAL REPORTING AND INFORMATION SUPPORT: FEATURES OF MICROPEED ENTERPRISES

Abstract

The article examines the specific features of financial reporting and information support for the process of its preparation at microenterprises under conditions of digitalization of accounting processes. The role of microenterprises in the development of the national economy is substantiated, and the regulatory and legal framework for their classification in accordance with the Law of Ukraine “On Accounting and Financial Reporting in Ukraine” is disclosed. The differences between the concepts of “microenterprise” and “microbusiness entity” are clarified, and emphasis is placed on the practical significance of such differentiation for the application of accounting standards and tax legislation.

Scientific approaches of domestic researchers to the interpretation of the essence of financial reporting are analyzed, and its multifunctional role as an information system that meets the needs of internal and external users is determined. The composition and structure of financial statements of microenterprises in accordance with the requirements of National Accounting Standard (NAS) 25 “Simplified Financial Reporting” are studied, and the specific features of the Balance Sheet and the Statement of Financial Results in a condensed format are characterized.

Special attention is paid to the problems of information support for the preparation of financial statements, in particular the shortcomings of document flow organization, the limited use of accounting software capabilities, and the risks associated with data storage. The directions for improving information support at microenterprises are proposed, including the expansion of electronic document management, integration of accounting software, updating accounting policies, development of internal analytical tools, and implementation of modern data protection solutions. The implementation of these measures will contribute to improving the reliability, timeliness, and analytical value of financial reporting of microenterprises and strengthening its role in the management system.