ABSTRACT
Small and medium-sized enterprises are operating in an ever more complicated environment accompanied by turbulent changes, and they have to react promptly and flexibly to such changes. The aims of the present paper were to deal with a possibility of financial reporting employment as a tool for transferring the internal information within the enterprise, to study the effect of financial reporting on increasing enterprise efficiency and to present scientific and practical methods of measuring efficiency of SMEs’ enterprises. The given issues were mapped by means of primary and secondary sources analysis. Theoretical basis was verified by means of empirical survey in a form of questionnaire. The aim of the questionnaire was to study financial reporting implementation in SMEs’ management. The results of the study were evaluated by means of descriptive statistics in a form of graphical presentations. In conclusion, recommendations for successful financial reporting employment in practice were presented.
