The problem of risk management of business activities on the basis of estimates of financial statements
Business activities are characterized by risks, since all responsibility for an incorrect decision falls on the business entity with a loss. One of the necessary functions for business is to assess risks and develop solutions to minimize them or other strategies to limit the consequences of the negative impact of risk events. It is considered that organizations do not have the risk accounting system necessary to manage them. However, as the history of accounting development and its transformation into financial accounting shows, risks are successfully taken into account in system accounting. At the same time, we consider the risks of loss of asset value, return of accounts receivable, occurrence of additional obligations in excess of the usual ones, inflation risks, and some others. Their accounting methods are ambiguously regulated, and many problematic aspects remain, including the conceptual and methodological apparatus for risk accounting. Among the problems, management is not prepared to use the final information based on the results of risk accounting. This article is devoted to the consideration of these issues.