INFORMATION CONTENT AS A FACTOR OF THE FORMATION OF THE ECONOMIC SECURITY OF A BUSINESS ENTITY
DOI:
https://doi.org/10.56197/2786-5827/2023-2-4-7Keywords:
nformation, accounting, economic security, managementAbstract
Introduction. The article is devoted to the analysis of theoretical provisions and the development of practical recommendations regarding the use of accounting information in the modern management of a business entity.
Materials and methods. The authors used scientific publications of Ukrainian scientists, their own research and scientific achievements. Thanks to the systematic approach, the theoretical aspects regarding the formation of high-quality accounting content for the needs of the management of the business entity were analyzed. In the process of finding practical recommendations for the use of accounting information in the modern management of a business entity, methods of synthesis and analysis, causality, scientific generalization, and visualization methods were used.
Results and discussion. The essence of the accounting content as the main information source for management needs at the enterprise was studied. It is emphasized that managers have problems with coordination, control and directing information for the needs of developing management decisions. The importance of accounting information for the needs of enterprise management is summarized. Attention is focused on the quality of information content as a factor in the formation of the economic security of the business entity. The requirements for the quality of information and accounting content to meet the needs of the enterprise's management system are given. The retrospective approach to the use of accounting information in the system of modern enterprise management is noted. The importance of developing a plan for the strategic development of business entities is emphasized. The expediency of using accounting information and analysis results for the development of strategic directions for the development of the business entity is argued. It is proposed to use special tools for the needs of strategic analysis, in particular, analysis of unprofitability, calculation of operating leverage, sensitivity analysis, flexible budgeting, etc. The expediency of building a developed and high-quality management accounting system of a business entity in terms of the formation of management reports for the needs of managers is substantiated. Attention is paid to determining indicators of social responsibility of business, which increases the reputation and authority of the company in business circles, as well as indicators of its business activity as a result of trust in a socially conscious business partner. The need for the formation of non-financial reporting of the business entity, which will act as a communication tool for attracting additional resources to ensure the appropriate level of financial and economic security, is substantiated.
Conclusions. The importance of high-quality information content for the needs of modern enterprise management is emphasized, ways of improving the use of accounting information in the system of modern enterprise management are suggested.
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