Liquidation Financial Reporting of Russian Companies in Terms of Digital Economy

Abstract

The paper presents a critical analysis of the formation and disclosure of liquidation reports of Russian organizations in the context of an active transition to a digital economy. The problems, developing with a significant decrease in the effectiveness of accounting data in terms of the effectiveness of decision-making process conducted by financial statement users in the modern information society, predetermined the fundamental research in the field of the theory and practice of accounting and auditing. Under these circumstances, the issue regarding the formation of high-quality liquidation reports to satisfy the information needs of creditors and external users of a bankrupt organization within the framework of the economy is no less significant. The scientific article discusses the main directions of modernization of financial (liquidation) reporting in the context of the information society. The paper provides the analysis of the current requirements for reporting indicators, as well as recommendations on the formation and disclosure of individual indicators of the financial state of a bankrupt organization.