Accounting policy: essence, problems and features of application for enterprises

The article summarizes theoretical developments of domestic scholars on the nature of accounting policy and its significance. The main problems of formation of accounting policy are determined and ways of their solution are indicated. The role of accounting policy at the present stage of economic development is considered. The ways of improvement of the mechanism of its formation are offered. It is proved that the formation of accounting policies is a complex process that requires organizational, technical, personnel and does not end after the approval of the Order on accounting policies, and continues until the termination of the enterprise. The use of various accounting policy options allows you to manipulate the financial result, which leads to non-consistency of financial reporting. Consequently, the task of managers is to create an accounting policy that would ensure the creation in the accounting system of impartial and truthful information about the financial position and performance of the enterprise.