Theoretical aspects of the formation of the accounting and analytical mechanism foreign economic activity

Relevance of the research topic. In the context of the active implementation of digital technologies, which contribute to the erasure of international borders, the strategic development of business entities is aimed at integration into the global economic space, which is accordingly accompanied by the expansion of trade partnerships and creates opportunities for conducting foreign economic activities.It is obvious that the global economy has a number of indisputable advantages, but at the same time it has rather complex problems. International trade involves the purchase of financial instruments and materials, knowledge of international trade rules and legal aspects of concluding agreements, coordination of wages and employee benefits, professional training, exchange of information and data, and many other issues. Taking into account the above, one of the aspects that most concerns participants in foreign economic activity, apart from directly assessing the efficiency of the business itself, is accounting, or how companies track all financial matters, transactions and operations across borders. At the same time, there are shortcomings in the accounting of such operations that negatively affect the quality and efficiency of accounting and control processes, which determines the relevance and practical significance of this article.The purpose of the study is: analysis of accounting and analytical support of foreign economic activity and formation of proposals for its improvement.Research methods. The methodological basis of the research is generally philosophical and general scientific methods of learning phenomena and processes in the system of accounting and economic analysis. The use of historical and logical methods of knowledge made it possible to investigate the peculiarities of the development of the properties of foreign economic activity as an object of accounting and economic analysis. The methods of theoretical generalization, grouping, analogy and analysis and synthesis were applied in the study of the components of foreign economic activity and identification of their properties for the purposes of accounting display and analysis. Research results. The article reveals the essence of the accounting and analytical mechanism of foreign economic activity and provides suggestions regarding its organization at the enterprise.Field of application of results. In the field of economic sciences and in the practical activities of enterprises engaged in foreign economic activity.Conclusions according to the article. The essence of the accounting and analytical mechanism of foreign economic activity was considered and the main directions of its development were determined: increasing the analytical capabilities of source information for internal users; creating favorable conditions for the expansion of foreign economic activity by providing data that is as understandable as possible to foreign partners – transnational reporting; achieving the possibility of comparing the indicators of the financial and economic activity of the enterprise with the indicators of similar enterprises abroad and within the country.