Accounting and Analytical Support for Financial Condition Management of Organizations: Current State and Development

Abstract

The article presents a comprehensive analysis of the current state and potential development vectors of the accounting and analysis systems that are used to manage the financial condition of organizations. The main objective of the study is to identify trends and driving forces that influence the development of accounting and analysis systems in the context of managing the financial condition of organizations. The object of the research is the accounting and analysis system which is used for financial management. The subject of the study is the impact of changes in accounting and analytical processes in organizations on making informed management decisions. The research uses general scientific methods such as analysis, synthesis, and comparison. It is based on principles of consistency and comprehensiveness.  The study allows concluding that the modern system of accounting and analytical support for financial management is characterized by an integrated composition and close internal relationships between its components. To effectively implement its functions, this system must be organically integrated into a single financial management and planning circuit at the enterprise, covering the processes of goal setting, forecasting, budgeting, monitoring and control of financial indicators. In the modern economy, there is an active transformation of the accounting and analysis system, which ensures the management of the financial condition of organizations. The research identified areas for improving the accounting and analysis methods in contemporary financial management of organizations.