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Changes in the Quality of Financial Statements During the Wartime
Bezruchuk S. L., Petryshyn L. P.

Bezruchuk, Svіtlana L., and Petryshyn, Liudmyla P. (2024) “Changes in the Quality of Financial Statements During the Wartime.” Business Inform 7:355–362.
https://doi.org/10.32983/2222-4459-2024-7-355-362

Section: Accounting and Auditing

Article is written in Ukrainian
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UDC 657:336.71

Abstract:
The aim of the article is to study the impact of martial law on ensuring the quality of accounting information in the context of wartime in order to provide recommendations for its improvement. It is determined that the quality of financial statements increases especially under martial law, but the issues of ensuring the quality of accounting information are not sufficiently resolved both at the theoretical and practical levels. The article analyzes the impact of hostilities on the quality of reporting. A direct analysis of literary sources made it possible to identify the main factors that influenced the quality of accounting information under martial law, namely: the introduction of tax changes; the need to change approaches to the accounting of individual objects; compliance with the principle of caution in the disclosure of information; the danger of losing access to information. The practical impact is investigated by comparing the annual reports for 2022 and 2023. some enterprises in various fields of activity (JSC «Ukrposhta», PJSC «Kyivstar», JSC CB «Privatbank», PJSC «Poltava Mining and Processing Plant», LLC «Silpo-Food»). The most sensitive items to military operations, defined in the Notes to the financial statements of the studied enterprises, are highlighted. It is specified that the impact of wartime is determined by enterprises in different ways, however, strange as it may seem, economic entities pay insufficient attention to this issue, illuminating uncontrolled items in reports or forming general phrases regarding the impact of hostilities on the enterprise, while trying to embellish information that directly affects the quality of the submitted reports, reduces its usefulness for interested users. The relevance of further research on issues related to the assessment of the impact of these indicators on the quality of reporting of enterprises is substantiated.

Keywords: quality of accounting, martial law, financial statements.

Tabl.: 1. Bibl.: 18.

Bezruchuk Svіtlana L. –
Petryshyn Liudmyla P. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Accounting, Analysis and Control, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]

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