ROLE OF FINANCIAL REPORTING IN MARKET ECONOMY

The relevance of the chosen issue is that the role of information is steadily growing in the world today, and how is made and evaluated financial statements, financial condition depends organization. The entrepreneurial activity in a market economy on the quality and timeliness of economic data depends on business success, manifested in profits and capital growth. And this in turn has an impact on the financial condition of the organization. This article discusses the importance of maintaining accounting records in a market economy.