RISK MANAGEMENT: THE ROLE OF ACCOUNTING AND ANALYTICAL SECURITY OF THE ENTERPRISE

Abstract

The purpose of the study is to consider aspects of the formation of a risk management system at the enterprise, which is aimed at achieving its goals, meets the interests of the enterprise and ensures reliable financial stability and independence of the enterprise for obtaining additional competitive advantages in the future and researching the role of accounting and analytical support in its implementation. The authors researched the etymology of the term «risk» (risk as a danger or threat, risk as an opportunity, risk as uncertainty). The key tasks of risk management are defined. The key stages of the development of risk management, its features and the events that caused them, as well as historical approaches to risk assessment, are considered. The evolutionary stages of risk management are systematized, based on large-scale world events in the financial and economic spheres. The article proves that a qualitatively built system of accounting and analytical support will make it possible to make effective management decisions in a timely manner based on the data of analytical calculations and accounting information and will be aimed at ensuring the protection of the economic interests of the enterprise from external and internal threats. A system for building accounting and analytical support for enterprise risk management is proposed.The authors came to the conclusion that risk management is a system that includes the identification and analysis of risks, their management (minimization or neutralization of threats, with the aim of profitability and success of the company’s activities in the long term). Risk management depends on the effective construction of an accounting system analytical support, which is based on accounting data, accounting and analytical operations, conducting operational microanalysis, ensuring the continuity of this process and using its results in the formation of recommendations for making management decisions.