FEATURES OF FORMATION OF ACCOUNTING POLICY OF THE ENTERPRISE IN THE COMPETITIVE ENVIRONMENT

Abstract

Introduction. The development of market relations in the domestic economy has affected all aspects of business. Quantitative and qualitative changes have taken place in the system of accounting at enterprises, which influenced the organization of the order of reflection of the basic financial information in the reporting. The performance of accounting functions entrusted to it requires owners to pay due attention to the organization of accounting in general and, in particular, to the accounting policy through which they implement their own policies in the field of enterprise management. The regulations for the formation of accounting policies have also changed, which has been affected by globalization processes, which provide for the formation of documentation in accordance with international standards. Methods. General and special methods were used in the course of the research, in particular: the analytical method was used in the review of literature sources; the method of classification made it possible to differentiate the main components of the accounting policy of enterprises; method of description – to give them a detailed description; the monographic method was used in the study of literature sources on the details of the elements of accounting policies of enterprises; system and analytical method is used in processing the obtained information. Results. The article considers accounting policy as a tool for implementing methods of accounting, substantiates the need for new approaches to its development in order to improve the analytical accounting and the need to take into account factors influencing the results of the enterprise. The approaches to the development of the accounting policy of the enterprise are studied, its clear elements are singled out and the offers on elimination of possible problems at its formation are given. The stages and technology of accounting policy development are considered and the ways of its further improvement are offered. Discussion. The obtained theoretical and applied recommendations can be used to improve existing approaches to compiling the accounting policy of the enterprise. It is advisable for each company to develop a model of accounting. Keywords: accounting policy, efficiency, stages of development, elements of accounting, development technology, control, reporting.