STATUS AND CHALLENGES OF PREPARING AND SUBMITTING FINANCIAL STATEMENTS TO CONSTRUCTION COMPANIES IN GEORGIA
STATUS AND CHALLENGES OF PREPARING AND SUBMITTING FINANCIAL STATEMENTS TO CONSTRUCTION COMPANIES IN GEORGIA

Summary/Abstract: The purpose of financial reporting is to provide information to a wide range of consumers about the financial condition, operating results, and changes in financial position of an enterprise to assist them in making economic decisions. The purpose of financial statement analysis is to assess how effectively management manages the enterprise and how reliable it is for its partners. Its purpose is to provide those who make economic decisions with sound conclusions about changes in the firm's financial condition and financial position. Thus, the analysis of financial information is important when making decisions. At present, the practice of preparing financial statements by enterprises and providing them to customers in the construction business in Georgia faces certain challenges. This is based on the almost impossibility of obtaining information from them in the research process. Despite our multifaceted efforts, it has been problematic to obtain financial reporting from even the largest construction companies in the residential real estate market.

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