FINANCIAL AND MANAGERIAL ACCOUNTING OF FOREIGN ECONOMIC ACTIVITY OF ENTERPRISES UNDER MARTIAL LAW CONDITIONS

Анотація

This article examines the interaction and role of financial and managerial accounting in supporting enterprises' foreign economic activity (FEA) under martial law conditions. FEA presents unique challenges for accounting, such as complex operations, currency risks, customs regulations, and the need to comply with international standards. These conditions require integrating financial and managerial accounting to ensure operational resilience and effective management in a volatile global economic environment. The study aims to analyze the specific features and interdependence of financial and managerial accounting in FEA. It focuses on their role in enhancing decision-making and optimizing performance during martial law, addressing risks and regulatory challenges. The research is based on a theoretical and practical analysis of financial and managerial accounting systems. The study applies comparative and analytical methods to assess their compliance with international standards and practical implementation in the FEA context under martial law. Financial accounting ensures transparency and compliance by producing financial statements (balance sheet, income statement, cash flow statement) for external stakeholders. Managerial accounting focuses on internal decision-making, providing tools for cost analysis, budgeting, and risk management. Integrated accounting systems allow enterprises to align compliance with strategic goals, enabling real-time decision-making and resource optimization in foreign markets despite wartime challenges. The study concludes that integrating financial and managerial accounting is crucial for managing FEA during martial law. Financial accounting provides transparency and compliance, while managerial accounting offers insights for adaptation and strategic management. Enterprises are encouraged to adopt unified digital platforms to streamline processes, improve data accuracy, enhance decision-making, and ensure greater efficiency in the context of complex external factors, thus ensuring greater resilience and competitiveness in the global market.

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