The Theoretical Basis of the Methods of Accounting AnalysisoOf the Effectiveness of Enterprise Modernization Within the Concept of Maintaining Financial and Physical Capital

Abstract

One of the decisive conditions for ensuring a high level of competitiveness is modernizing production processes. Exactly due to the modernization, enterprises can maintain an up-to-date level of their engineering and technological potential, ensure product quality, achieve a high labor productivity and access to international markets. Although modernization is the most important aspect of any enterprise activity, it has not been considered as a special object of accounting and analysis up to the present. This research is devoted to the elimination of this shortcoming. The goal is to indicate the possibility of applying the accounting methods and analytical tools to generate reliable data on business processes, which are typical for modernization, as exceptional objects of accounting and analysis. Emphasis on the modernization and the identification, with its business operations, has a special value in the decisionmaking process for developing a business, using intensive factors of economic growth. This research is focused on the development of a number of methods of audit analysis, which we can be applied when obtaining a quantitative assessment of the effectiveness of business processes and investments in enterprise modernization. This research is based on the study of scientific literature and the application of theoretical methods of comparative analysis, critical evaluation, systematization and generalization. The obtained research results give a possibility to improve the economic analysis of the enterprise. This makes it possible to detect hidden trends in the development of business entities, prevent crisis situations, strengthen the importance of prognostic functions, comprehensively research and evaluate the performance of business entities in general and in the field of modernization, in particular.