ACCOUNTING POLICY UNDER THE REGULATORY CHANGES // BSU bulletin. Economy and Management. - 2023. №2. . - С. 57-64.

ACCOUNTING POLICY UNDER THE REGULATORY CHANGES

DOI: 10.18101/2304-4446-2023-2-57-64 UDK: 657.1

Accounting policy, being an integral part of the accounting process, provides for the procedure and accounting options that allow evaluating the financial statements of the economic entity in a favorable light. The article analyzes the existing approaches to the con- cept of accounting policy and the conditions for its change. Since the appearance of account- ing policy, many scientists have considered its essence, and the interpretation of this concept causes discussions in scientific circles up to now. Based on the existing definitions of "ac- counting policy", we have revealed and supplemented the interpretation of the term. Given the variety of types of accounting the formation of a comprehensive accounting policy is of particular interest today. The article discusses and systematizes scientific views and practic- es when found amendments to accounting policies, identifies the problems of reforming ac- counting policies in connection with the changes in regulations, introduction of federal standards for accounting inventories and fixed assets. In the course of the study, we have used empirical and general logical methods.

changes, regulation, perspective way, retrospective method, accounting methods, accounting policy.