Accounting and analytical provision of enterprise risk management in the conditions of the state of war: identification, assessment, measurement and display of risks

Maria Karpushenko (), Tetiana Momot, Yuliia Mizik, Galyna Shapoval and Oleg Karpushenko
Additional contact information
Maria Karpushenko: O. M. Beketov National University of Urban Economy in Kharkiv
Tetiana Momot: O. M. Beketov National University of Urban Economy in Kharkiv
Yuliia Mizik: O. M. Beketov National University of Urban Economy in Kharkiv
Galyna Shapoval: O. M. Beketov National University of Urban Economy in Kharkiv
Oleg Karpushenko: O. M. Beketov National University of Urban Economy in Kharkiv

Eastern-European Journal of Enterprise Technologies, 2023, vol. 3, issue 13(123), 42-51

Abstract: The research is dedicated to the current issue of improving the accounting and analytical support for enterprise risk management in conditions of a military state. It analyzes the processes of risk identification, assessment, measurement, and representation in financial reporting, taking into account International Accounting Standards and qualitative assessments. A conceptual approach is proposed to enhance the enterprise risk management process through the detailed implementation of three blocks of analytical procedures: research and identification, risk assessment, analysis, and neutralization, which involves its integration into the accounting and analytical support system for enterprise risk management. Based on the analysis of reporting of Ukrainian enterprises, the most common risks arising in modern conditions are identified. A classification of risks by their origin is proposed, allowing for the systematization of various types of reserves, provisions, and funds that are formed to reflect risk events in accordance with accounting standards. The analytical and applied support for risk representation in accounting is improved through the development of an analytical matrix of risk impact on events in reporting. It enables the consolidation of information on the likelihood and significance of risks in a unified format and establishes the appropriateness of reflecting reserves and provisions in accounting. The research results have practical significance and can be utilized by enterprises to enhance their risk management systems and effectively represent risk events in financial reporting, which will contribute to risk reduction and minimizing losses for enterprises in conditions of a military state

Keywords: enterprise risk management process; accounting and analytical support for enterprise risk management; classification of enterprise risks; analytical and applied support for risk representation in accounting; analytical matrix for risk impact assessment (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://journals.uran.ua/eejet/article/view/282644/277706 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:baq:jetart:v:3:y:2023:i:13:p:42-51

DOI: 10.15587/1729-4061.2023.282644

Access Statistics for this article

More articles in Eastern-European Journal of Enterprise Technologies from PC TECHNOLOGY CENTER
Bibliographic data for series maintained by Iryna Prudius ().