Balance sheet as a form of financial reporting during marital state

Abstract

The article is devoted to the study of the balance sheet as the main form of financial reporting during the martial law in Ukraine. Approaches to understanding the meaning of the balance sheet are structured. It was determined that its composition is characterized by the following features: continuity, full coverage, autonomy, sequence, accrual, predominance of essence over form, a single monetary measure. An analysis of the main subtleties of drawing up the balance sheet during the period of martial law was made. The stages of relocation of the property of enterprises from the war zone were considered. The main consequences for enterprises that previously cooperated with the aggressor country were determined. An analysis was made of assets that are temporarily not in use and assets that were damaged and lost during hostilities. The following measures are proposed regarding the need to consider the feasibility of reporting on the basis of the principle of continuity of activity: consider all available information about the impact of war events on future activities at least within 12 months from the reporting date or after the date of signing the financial statements.