Management of financial and economic activities and organization of accounting under martial law: challenges and adaptation of Ukrainian business

Abstract

The article is devoted to the study of the organization of financial and economic activities and accounting under martial law in Ukraine and to the analysis of the challenges faced by Ukrainian businesses in adapting their accounting systems to extraordinary operating conditions caused by armed aggression. The introduction of martial law has significantly transformed the legal, economic, and organizational environment in which enterprises operate, creating substantial obstacles to maintaining the continuity, reliability, and timeliness of accounting processes. In such circumstances, accounting plays a crucial role not only as a mechanism for recording economic transactions but also as an essential source of information for managerial decision-making, financial control, and compliance with state regulatory requirements. The relevance of this article is determined by the growing need to ensure the stability and adaptability of accounting systems in conditions of heightened uncertainty, operational disruptions, asset losses, and changes in business organization. Special attention is given to the ability of accounting to provide objective and verifiable information under constrained conditions, when traditional documentation procedures and internal control mechanisms may be limited. Moreover, the study explores how businesses implement digital tools, cloud technologies, and remote reporting methods to mitigate the impact of disrupted communication channels and restricted access to physical documents. The article emphasizes that effective organization of accounting under martial law is a key factor in preserving business continuity, ensuring transparency of financial information, and supporting enterprises in meeting both internal management needs and external reporting obligations. It also highlights the importance of professional judgment, ethical responsibility, and compliance with national accounting standards and regulatory guidelines, even when operational conditions are unstable. By analyzing the transformation of accounting practices during martial law, the study contributes to a deeper understanding of the role of accounting as an instrument of economic resilience, a tool for crisis management, and a foundation for sustainable recovery in the post-war period.