CHARACTERISTICS OF THE ACCOUNTING SYSTEM AT COMPANIES

Abstract

The article describes the main features of the contemporary accounting system and evaluates the impact of its development factors at the company level from the perspective of practicing accountants. In particular, the authors examine the influence of information technologies on the organization of accounting; the tendency to separate tax and financial accounting; overloading of the accounting regulatory framework, changes in accounting related to integration processes in Ukraine. In addition, the study defines the problems of contemporary accounting, including: the complexity of the regulatory and legal framework; risk of abuse; development of information technologies; the need for additional accountant qualifications; the need to standardize rules and formats of financial reporting; the complication of accounting associated with the development of the world economy. The authors proposed directions for solving problems of the accounting system.