The aim of the article is to present financial statements as a source and basis for identifying and systematizing risks in the area of accounting. These risks reflect the threats and opportunities for enterprises' operations and are included in the data disclosed in the financial statements. Many different risks can be recognized and identified in the financial statements by their users, but users should be able to properly read, understand and interpret the information contained in the financial statements in terms of possible risks. The analysis of financial statements as a research method is indicated and applied in the article to identify risks. The analysis covers significant components and items enclosed in the basic financial statements and leads to the detection and description of potential risks contained in these reporting data. The originality of the article is based on the use of financial statements and their analysis to systematize identifiable business risks in the field of accounting and thus emphasize informative function, which is fulfilled by financial statements in economic practice.
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