TIME DESCRIPTION OF ECONOMIC REFORMS

Formulation of the problem. Nowadays enterprises as clients need quality cooperation with banks to form objective information on their financial statements. In this connection, a prerequisite for effective cooperation between banks and enterprises is the development of an approach to the organization of information and economic exchange, based on the social banks concept. The purpose of the research was to develop methodical, scientific-practical recommendations for improve the process of monitoring information exchange between banks and enterprises to increase the accuracy of the analysis enterprises’ financial statements. The object of research. The article focuses on the bank’s information quality for complete financial reports of enterprise. Methods used in the research are a systematic approach, comparison, methods of induction and deduction. The hypothesis of the research is that the reliability of the financial statements of an enterprise depends on the quality of the organization of monitoring information exchange between the bank and the enterprise which based on the concept of social banks. The statement of basic materials. Now relevant is the Social Banks concept. According to experts, leading banks in the world are already responding to this trend and are developing as social banks, which encompass transparency and two-way interaction through social networks to meet customer expectations. Social Bank is pursuing interaction with clients in accordance with the mission, coordination of social efforts with its main business strategy and brand image. In this regard, a necessary condition for effective cooperation between banks and enterprises is the development of an approach to organizing the information and economic cooperation based on the social banks concept. Originality and practical significance of the research is to develop of an approach to organizing the information and economic cooperation based on the social banks concept. Conclusions and perspectives of further research. The research results confirm the feasibility of applying an approach to the organization of information exchange based on the social banks concept for the formation and monitoring of objective indicators of financial statements of enterprises. The prospect of further research will be the study of the role of audit firms in the interaction of enterprises and banks in the framework of the social banks concept.

financial information, interaction, social banks, enterprises

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