ОСНОВНЫЕ АСПЕКТЫ ФОРМИРОВАНИЯ УЧЕТНОЙ ПОЛИТИКИ СОГЛАСНО МЕЖДУНАРОДНЫМ СТАНДАРТАМ
BASICS OF FORMING ACCOUNTING POLICIES INLINE WITH THE INTERNATIONAL STANDARDS

Author(s): Irina Tkachuk
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: accounting policy; professional judgment; financial reporting; Information; accounting
Summary/Abstract: Accounting policy is a constitution for the enterprise, as it is based on the formation of financial statements. And financial reporting, in turn, should be helpful to users. Accordingly, when applying accounting policies, entities that apply international financial reporting standards must take into account the specific features of this system. The study focuses on the features of accounting policies in accordance with international financial reporting standards. After choosing an accounting policy, it is worth considering how to make the financial statements of the company effective, reliable and understandable. According to International Standards, each company chooses accounting policies based on the characteristics of its activities. That is, accounting policies are useful and interesting to users, and should therefore be disclosed in a manner that meets the requirements of the financial reporting standards.

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