• Julia Nochovna
  • Marуna Orуshchenko
Keywords: accounting, management, management report, risks, uncertainty


Activity of the modern enterprise is influenced by various risks. It can lead to negative consequences and even bankruptcy. Risks in business exist due to objective circumstances. For example, uncertainty, vagueness, limited access to information or its inaccuracy, probabilities of force majeure, conflict and human qualities at the time of evaluation and management decisions.
The aim of the article is to study the risks of the enterprise as an object of accounting and management, generalization of modern problems and development of measures to improve the information support of enterprise risk management.
The objectives of the article are the following: the research of modern approaches to the interpretation of the essence of risk, its identification and interpretation as an object of accounting and management; identification of the main tasks of accounting in risk management of the enterprise; justification of the need to disclose information about the risks of the enterprise in the Management Report; conducting a comparative analysis of the main components of the Management Report in accordance with International Standards, EU Directives and legislation of Ukraine; development of proposals to improve the information support of enterprise risk management.
In accounting and management risk is defined as the probability of not obtaining the desired or obtaining an additional financial result or economic effect.
The main tasks of accounting in enterprise risk management are the following: adequate determination of the cost of resources in conditions of uncertainty and risks; formation of reliable information support of financial statements through the indicator of the balance value of assets and liabilities; timely identification, methodologically correct and systematic assessment of the impact of risks on the cost of resources; reliable determination of the impact of events after the balance sheet on the valuation of assets and liabilities; adherence to the principle of сorrespondence between income and expenses in determining the impact of risks on financial results; reliable and complete reflection of information about the impact of risks on the formation of accounting policies of the enterprise in non-financial report; creation of reserves to cover potential losses, diversification and risk hedging, development of outsourcing in accounting.
The Management Report is the main document, containing financial and non-financial information about the state and prospects of the enterprise, reveals the main risks and uncertainties in its activities.