Reporting of subjects of foreign economic activity: theoretical and pragmatic aspects
Year: 2025
Type: article
Abstract: Introduction. Systematization and correct reporting are a prerequisite for minimizing financial risks, timely fulfilment of tax obligations, compliance with customs regulations and increasing the level of trust in foreign economic activity. At the same time, the reporting process of enterprises engaged in such activities needs to be improved to ensure a higher level of information. The purpose of the article is to analyse and systematize the peculiarities of reporting by foreign economic entities, to determine its main types; to study the possibilities and directions for improving reporting data, and to develop automation in this area to ensure better transparency of international operations of enterprises engaged in foreign economic activity, and to harmonize and monitor their reporting. Research methodology. The methodological basis of the study was general scientific and special research methods. In particular, statistical and graphical methods were used to substantiate the importance of foreign economic activity and research on its accounting and reporting, methods of analysis and synthesis to determine the essence and structure of reporting of foreign economic entities, induction and deduction to establish the relationship between financial reporting indicators and the effectiveness of foreign economic activity; generalization to substantiate proposals for improving reporting, its content and monitoring. Results. The study identified the purpose and key tasks of reporting on international operations of an enterprise. The peculiarities of preparation and submission of reports by foreign economic entities are considered. Proposed areas for improving reporting, and the development of non-financial and forecast indicators, the use of modern tools for automating the formation and monitoring of reporting, and risk assessment are substantiated.
Source: Economic Analysis
Authors: Svitlana Sysiuk, Vitalii Dmytriv
Institution: West Ukrainian National University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411747586