UDC 657.6
DOI: 10.36871/ek.up.p.r.2025.04.14.023
Authors
Natalya V. Sharapova,
Valentina M. Sharapova,
Olga I. Dudina,
Varvara E. Dubrovina,
Inga I. Shastina,
Ural State University of Economics, Ekaterinburg, Russia
Abstract
This article is devoted to the consideration of common errors in the formation of accounting financial statements. The article considers common errors that occur in the formation of accounting statements, and also affect the financial stability of the enterprise. The authors analyzed the situations of errors, identified the causes and described the appropriate ways to correct them. The article also pays attention to the consequences of incorrect data presentation for stakeholders, including internal users, investors and government agencies. Particular attention is paid to the regulatory framework for correcting accounting errors. Errors in accounting financial statements significantly affect tax accounting data. The role of internal control is important in reporting. The stages of preparation and compilation of financial statements, the significance of errors in the statements, the procedure for correcting errors of the previous year are considered, and ways to prevent them in the accounting of organizations are given. In conclusion, measures are proposed to improve the quality of financial statements, which allows minimizing risks, as well as increasing confidence in financial statements. In our opinion, it is precisely careful attention to detail, automation of accounting processes, and employee training that will reduce the likelihood of errors and ensure an increase in the quality of financial statements.
Keywords
accounting financial reporting, reporting, errors, accounting, tax accounting.
