Financial and management statements of domestic enterprises.

Abstract

Identifying the relationship between financial and management reporting information, the place of each of them in the management decision making process by external and internal users, is an important methodological accounting task and, at the same time, a practical management task. This task has become especially relevant at the time of the implementation the report of management. The work of many scientists is devoted to the study of the theoretical principles of the management reporting of domestic business entities. Researchers considered the place of management reporting in the internal control system, its concept, architecture, classification, principles and process of formation. At the same time, the issues of integration of financial and management reporting data, the place within the accounting cycle of the entity, remain open to consideration. The purpose of the article is to identify markers of financial and management reporting of domestic entities in order to optimize the management decisionmaking process based on it. The results of the critical analysis the definition of «management reporting» in the scientific discussion revealed the perspectives of the study of this concept, the author's interpretation and the characteristic defining features of the types of reporting, which can be supplemented and detailed based on the tasks of management. These features (markers) were used to characterize the financial and management reporting of domestic entities. The use of these markers is able to improve the quality of the process of development and use of management reporting by eliminating functions that are not inherent in this reporting. The paper also summarizes the recommendations of the Ministry of Finance of Ukraine on the structure and content of the management report, its characteristics regarding the types of reporting. According to the results of the study, conclusions were drawn, directions of further searches were determined.