RISK-BASED ACCOUNTING, ANALYSIS, AND DISCLOSURE OF RISKS IN BUSINESS ENTITIES’ FINANCIAL STATEMENTS

Vasylishyn S.I., Nezhyd Yu.S. Risk-Based Accounting, Analysis, and Disclosure of Risks in Business Entities’ Financial Statements: A Practical Guide. Kyiv: VIPO LLC, 2026. 314 pp.

This practical guide explores the theoretical, methodological, and applied foundations of risk-based accounting, risk analysis, and risk disclosure in the financial statements of business entities. It examines the nature, causes, and classification of risks, as well as the concepts of acceptable risk, risk appetite, and risk tolerance, and approaches to managerial decision-making under conditions of uncertainty. The methodological foundations for identifying, qualitatively and quantitatively assessing risks, and forming an information base for analysis based on accounting data, economic analysis, and management reporting are highlighted. The accounting and analytical basis of risk management, risk response strategies, the use of key risk indicators, and monitoring and control mechanisms within the enterprise management system are outlined. Special attention is given to the disclosure of risk information in financial, non-financial, and integrated reporting, particularly in accordance with IFRS requirements and ESG approaches. The guide is focused on the practical application of accounting and analytical information to enhance the transparency, sustainability, and effectiveness of business entity management.

This publication will be useful for accountants, financiers, auditors, business leaders, risk management specialists, researchers, educators, and students.