Accounting information as an active tool for stimulating business

In the context of business globalization, one of the important factors for the world's economic development and poverty alleviation is the free movement of capital between countries. The process is achievable only through a well-informed business market. The main goal of accounting and reporting is precisely to create an information base on the development of international economic relations and the possibilities of rational use of financial resources. The role of financial reporting in the information system is particularly large. It is a picture of the financial activities of the enterprise, the correct perception of which is helped by management reporting. The paper discusses accounting information as an active tool for stimulating business. It has acquired such importance after the Georgian government signed the Georgia-EU Association Agreement, which created an obligation to comply with European standards for accounting, reporting and auditing. Increasing the transparency of financial and governance reporting of businesses in Georgia creates a reliable information resource that, on the one hand, will contribute to increasing the efficiency of business management of enterprises and, on the other hand, to the development of the capital market in the country, access to financial resources and, ultimately, economic growth.