ACCOUNTING RISK MANAGEMENT MODEL IN THE CONTROLLING SYSTEM

To prevent problematic situations, each organization must have a system for diagnosing and preventing risks. However, in modern conditions, the risk management system is not provided with sufficient information to develop operational and strategic management decisions. According to the study, the issues of identifying, assessing and accounting for risks of the organization’s business activities remain insufficiently developed.The current accounting system does not meet the increasing information needs of both internal and external users for various types of risks. There is a lack of sufficient regulatory, methodological and analytical support for risk management. Since it is in the accounting system that information data is collected, processed, and generalized, and the quantitative and qualitative state of accounting objects is characterized, the correct assessment and selection of the necessary parameters for identifying and accounting for risks plays an important role.At the same time, the development of effective accounting support for risk management is possible on the basis of high-quality and reliable information generated in the context of a controlling system. In order to reduce the consequences of their impact on the organization’s activities. Risk controlling as a set of methods, techniques and measures allows you to predict the occurrence of risk events to a certain extent and reduce the consequences of their impact on the organization’s activities. An important condition for successful risk controlling is sufficient information support for management in the process of making managerial decisions, which is possible only on the basis of regular receipt of complete and reliable information about risk situations in the context of all business processes of the organization.As one of the most promising areas of development of the management system, its informational, methodological, and coordinating support, risk-controlling creates new requirements for the composition and quality of accounting information, determines the choice of methods for its formation, which causes the need for further improvement of accounting and its types.

accounting model, risks, controlling, evaluation, information, accounting, reporting, analysis, control, monitoring.

Kolesnik N. F., Manyaeva V. A. Accounting risk management model in the controlling system. Business. Education. Law, 2020, no. 2, pp. 58–63. DOI: 10.25683/VOLBI.2020.51.262.