Verslo įmonių apskaitos politikos formavimas ; Formation of accounting policy for business enterprises

Open Access

Abstract

sEach company must prepare its accounting policy, which must include the applicable accounting principles, methods and rules. The choice of accounting policy depends on the country's economic situation, the regulation of the business environment, the legal framework and the specific business conditions, goals and needs of the company, accounting tasks. Although the freedom of choice is limited by national laws and other regulatory enactments regulating financial accounting, however, due to the uniqueness of companies, it is impossible to preliminarily draw up an exhaustive list of regulated accounting policy issues. Frequent changes in legislation, changes in the internal structure of the company, changes in the organization of work, redistribution of responsibilities, changes in employees, and other changes are due to the fact that the Accounting Policy that was previously approved, its procedures may be outdated. All this results in the periodic updating of the procedures already approved. With a relatively high level of freedom to prepare this document and in the absence of strict external evaluation, part of the company's managers and chief accountants devote little attention to the preparation and periodic updating of accounting policy.