The impact of improving the methodology for valuation of accounting objects on reforming the preparation of financial results statement

The importance of improving the methodology for valuation of accounting objects is beyond doubt. This improvement can significantly increase the reliability of accounting and reporting information of organizations. In this case, it becomes necessary to change the reporting forms themselves. This article analyzes the impact of improving the methodology for valuation of accounting objects on reforming the preparation of the financial results statement, which is one of the most important reporting forms for organizations. When carrying out the research, such methods as grouping method, analysis and synthesis, comparison, method of analogies, logical approach, systematic approach were used. As a result of the research carried out in this work, the impact of reforming the methodology for valuation of accounting objects on the development of the preparation of financial results statement was determined. This article also proposes a form for reporting financial results, modified under the influence of improving the above-mentioned methodology. The results obtained in this article will be useful to a wide range of readers interested in the problems of modern accounting and reporting, including valuation, which can be used in the educational process of higher educational institutions, as well as in the practical work of accounting departments of modern organizations.