THE STATE OF THE ART OF MODERNIZATION PROCESSES IN COMPANIES, PROBLEMS AND SOLUTIONS

Abstract

The demand for modernization of companies, which form the mainstay of the global economy, is growing. This is explained by the fact that modernization of companies in any country is an important factor and a guarantee of the gross domestic product (GDP), labor productivity and efficiency, quality, competitiveness and exportability of material wealth, as well as increasing employment and income, poverty reduction. Modernization of enterprises is of national importance, and this process needs to be improved in terms of both quantitative assessment and qualitative charasteristics and control, as well as accounting and auditing, based on the requirements of information users.