MAIN PROBLEMS OF FORMATION OF FINANCIAL ACCOUNTING STATEMENTS IN THE CONTEXT OF DIGITALIZATION OF THE ECONOMY

This article reveals the essence of financial statements with the identification of its main problems in the era of rapid development, globalization and digitalization of the economic system. This, in turn, is accompanied by the process of using various digital technologies that are aimed at facilitating the processes of providing financial statements. Undoubtedly, the topic of our research is quite relevant even in the era of development of the 21st century, since with the advent of digital technologies in the economy, a number of problems arise in parallel related to the formation of financial statements using digital technologies for the purpose of analyzing and evaluating business activities. Accordingly, the fundamental task of each company is the most accurate provision of information in financial statements using various digital technologies that will help to obtain objective information about the financial position of the organization with the further search for ways to timely solve the problems that have arisen and eliminate risk situations. After all, it is no coincidence that the analysis of the main indicators of financial statements acts as a prerogative when making competent management decisions in order to carry out assessment activities on the general state of the enterprise and the transition of accounting data to a new era of digitalization. In addition, in the process of writing this scientific article, we proposed the main activities aimed at facilitating the processes of introducing digital technologies into accounting reporting, in particular, starting from the development and formation of new, more updated software tools, and ending with the creation of a certain legislative framework for the purpose of storing the necessary accounting information.