FORMATION OF ACCOUNTING POLICY OF A COMPANY IN 2017

This article observes the changes in Russian accounting policy in 2016. There are considered innova- tions in accounting policy and the differences between accounting and tax management. The accounting policy of the organization is the main document that regulates the accounting and the tax accounting. An incorrect ap- proach to the compilation of accounting policy сan lead to problems with tax authorities, as well as external au- dits, moreover, may lead to an increase in income taxes, penalties, as well as recognition of the financial state- ments misleading. Therefore, firm should carefully consider the reflection of each method of accounting, as well as reflection parameters in accounting policies, to avoid an increase in costs