The role of financial reporting in enterprise management

Abstract

This article examines the importance of financial reporting in enterprise management and its impact on strategic and operational decision-making. It analyzes the main influences of the financial statement, such as the balance sheet, the income statement, the statement of changes in equity and the statement of cash generation, considering their role in providing objective information about the financial condition of the enterprise. In addition, the article reveals the main problems that can be found in the process of financial statement analysis, such as the ambiguity of information and the demonstration of a single analysis methodology and suggests ways to solve them. accordingly, the article proposes approaches to the effective use of financial reporting as a tool for enterprise management, which will help enterprises achieve sustainable development and competitiveness in the modern business environment.