Importance In accordance with the law of requisite variety and increasing the complexity of systems, the uncertainty of the internal and external environment of business entities increases as well. This causes certain risks, which action may have a negative impact. Every business entity should develop a system of measures aimed at the greatest possible reduction of such unwanted consequences. Objectives My aim is to determine the nature, types of accounting risks and their classification for the record accounting of a business entity. Methods Using the methods of empirical knowledge, I have studied and summarized the economic substance of the risks in the conditions of uncertainty, and detail the accounting category of risks in the accounting of business entities. Also, I have analyzed the impact of risks on the accounting (financial) statements reliability. Using the methods of comparison, I have identified the main causes of the accounting risks. Results I provide my own definition and structure of accounting risks, propose their expanded classification, and compile a list of organizational measures for their reduction and prevention. Also, I have developed informational and analytical support of accounting risks as special tools that will upgrade the internal system of accounting risks. I have arrived at a conclusion that using my technique shall enable to reduce risks consequences. Providing open and complete information about the accounting risks fosters its transparency in order to attract investors. Conclusions and Relevance I point out that the practical recommendations shall fill a gap in the organization of the risks accounting process and may be used in the activities of commercial entities.
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