Aspects and methodology of integrated accounting and reporting: current challenges

Abstract

The introduction of martial law in Ukraine generated a range of challenges and problems for both the scientific community and most business entities, and for the country as a whole.

The main direction of economic development of Ukraine, especially under martial law, is its accession to the European Union and obtaining the status of a full member. Accounting is one of the influential directions in the approximation of Ukrainian legislation to EU legislation.

The information component of accounting makes it possible to obtain significant levers for managing an enterprise in order to obtain positive results from its activities.

Namely, the system of integration of all types of accounting helps to obtain reliable and timely information, which provides management personnel with the opportunity to analyze and evaluate the results of the enterprise's activities and make the necessary decisions to avoid risky situations [5,22].

The existing accounting and analytical system of the enterprise has shortcomings in terms of the timeliness of information reflection in accounting registers and reporting. Accounting works to reflect facts that occurred in the past and this does not allow managers to make timely operational and strategic decisions. Therefore, scientific research into the problem of organizing an effective integrated accounting system is relevant and effective for the development of the accounting system in Ukraine.

Methods. In the process of writing the scientific paper, the following scientific research methods were used: generalization methods, comparison methods, analysis and synthesis, induction and deduction, systems analysis; forecasting, etc [5,22].

Results and conclusions. The results of the study consist in substantiating theoretical provisions and developing practical recommendations for improving the organization and methodology of integrated accounting in the context of creating an integrated computer information system of a business entity for effective management and decision-making, ensuring competitiveness and continuous implementation of its economic activities.