regulators

Reserve and regulatory objects in accounting theory and practice: origins and evolution of the world accounting thought within the framework of the developments by the western ukrainian scientists of the 19th - middle 20th cent.

There are growing risks in the conduct of financial and economic activities by economic agents in the conditions of the modern economy, and because a reliable information base is needed both for management purposes and for market counterparties regarding the means actually available at an enterprise to overcome the risk of loss (reduction) of capital. Accounting and public reporting is the only tool that provides information in formalized data on the size of the reserve and insurance potential established by an entity.