FINANCIAL RESULTS ANALYSIS OF THE AVIATION INDUSTRY ACTIVITIES OF UKRAINE

The decline of many well-known companies drew attention to the enterprise problems of financial statements authenticity and public confidence in them. Entrepreneurs often hide their true financial position in order not to lose consumers or a place in the market and not to suffer a decisive crash. Subsequently, an inadequate information model is created, due to the entrepreneur's interest in making high profits, while honesty and integrity of their duties are being forgotten. Today, a significant part of enterprises operate not in the sphere of material production, but rather in the service sector, which conditions a necessity to a study the peculiarities of financial results accounting in this particular sphere. Financial performance is the most important indicator of interest to all users of accounting information. The article analyzed the aviation industry, since it is an integral part in the life of modern society. According to the Air Code of Ukraine, aviation activity is the activity of individuals and legal entities in the field of aviation or the air traffic organization of Ukraine. Unfortunately, today a large number of aviation enterprises are either unprofitable or low-profit. We believe that a large role in solving the issues of determining and optimizing the value of financial results belongs to accounting and analysis, because the possibility of obtaining the greatest effect at the lowest cost of labor, material and financial resources largely depends on how quickly and accurately the company executes accounting and control of own expenses and incomes. The article analyzes the problems of enterprises activities financial results formation and accounting in the aviation industry, as well as their dynamics in recent years. The essence of «financial performance» concept as an economic category is disclosed.