Published November 12, 2023 | Version v1

THE IMPACT OF ACCOUNTING POLICIES ON THE FINANCIAL CONDITION OF THE ENTERPRISE

Description

This article discusses the role of an organization's accounting policy. The advantages of a well-drafted accounting policy are identified. An organization's accounting policy is a real tool for finding the optimal option for reflecting factors of economic activity in the accounting system. We have outlined the importance of forming an organization's accounting policy to reflect reliable reporting. If we consider the accounting of all aspects of the organization's activities, then everything depends on changing economic conditions and changes in legislation. The various goals pursued by the organization during its formation were identified. The task of forming and complying with accounting policies for specific companies was substantiated, taking into account their specifics.

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