Year: 2025
Type: article
Abstract: The need to provide information about the company and its activities to users of reporting raises the question of the organization and methodology of its generation in accounting and its reflection in the reporting, and thus the accounting policy of the enterprise. Traditionally, the accounting policy of the enterprise is focused on financial accounting and reporting. In view of this, the following question requires further study, such as: should the purpose of accounting policy be limited exclusively to providing financial reporting, or can it serve as the basis for preparing other types of reporting (in particular, integrated). The hypothesis is the statement that the purpose of accounting policy is not limited exclusively to providing financial reporting, it can serve as the basis for preparing extended reporting (in particular, integrated). The following methods were used, such as: analysis and synthesis; comparison; systematization; deduction. In the process of research, approaches to defining the concept of "accounting policy" and its purpose (goals) in national and international regulatory documents and scientific publications were analyzed. The analysis made it possible to establish that current international regulatory documents, unlike national ones, do not prohibit the disclosure of principles, methods and procedures when forming an accounting policy, which, although they contradict IFRS, do not go beyond the Conceptual Framework and legislation. That is, the accounting policy of the enterprise, if necessary and in compliance with the specified criteria, may disclose the principles, methods and procedures for maintaining accounting and preparing not only financial statements, but also integrated or other corporate reporting. At the same time, the basis for developing an enterpriseʼs accounting policy should be regulatory documents that determine the requirements for preparing the relevant types of reporting
Source: SCIENTIA FRUCTUOSA
Authors: Andrii CHUIENKOV, Svitlana KOROL
Institution: State University of Trade and Economics
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409395761