ORGANIZATION OF ACCOUNTING POLICY IN THE ENTERPRISE

Abstract

A properly organized and formed accounting policy of the enterprise effectively combines accounting by its owner and regulation at the state level. The accounting policy discloses the content of financial reporting, as it ensures the formation of accounting and analytical information about the production and financial status, results of operations and movement of cash flows of the enterprise. Responsibility for the organization of accounting and ensuring the reflection of the facts of economic transactions in primary documents, the processing and preservation of primary, analytical and synthetic information is borne by the owner or an official who manages the enterprise. The process of organizing the accounting policy of the business entity was studied. The main document regulating the accounting policy is the order on the accounting policy, which approves the methodology and organization of accounting at the enterprise. The components of the accounting policy organization mechanism and their direct impact on managerial decision-making are analyzed. A correctly defined accounting policy is designed to serve as a tool for managing expenses, accrued taxes, and accounting procedures with the aim of forming high-quality and comprehensive accounting and analytical information for internal and interested external users. Problematic issues regarding inconsistencies and contradictions of legislative and regulatory documents regulating accounting policy are singled out. The need to improve the company's accounting policy in terms of its individual categories and the significance of the impact on accounting and analytical indicators and performance results is substantiated. Optimization of the accounting policy involves periodic analysis and control of all its components and elements, which will ensure timely disclosure of problematic issues and their safe and effective resolution. It is advisable to supplement the generally accepted structure of the company's accounting policy with the category of management accounting, which will ensure a close relationship between the elements of external and internal accounting. The optimized accounting policy of the enterprise will ensure the completeness of the display of the facts of economic transactions, the synchronicity of accounting and analytical information in the registers of primary, analytical and synthetic accounting, rational and efficient accounting.