Establishment and Development of Systematized Analysis of Financial Reporting

The article is devoted to the study of methodological approaches to the formation and development of a systematic analysis of financial statements. A retrospective review of the evolution of the formation of a methodology for consistently economic, financial and financial and economic analysis of the production activities of economic entities was carried out. Relevant characteristics are presented, features in modern methods of application of each type of analysis are determined. Six relatively independent approaches to the formation and development of a systematic financial and economic analysis are considered. The results of the presented analysis create the basis for making rational management decisions as part of the implementation of a controlling tool, through which information and analytical support is carried out for the optimal use of opportunities, an objective assessment of the strengths and weaknesses of the enterprise, avoiding possible bankruptcy.