Development of Enterprise Accounting Policy on Accounting of Receivables within Payment System with Buyers

The growth in receivables is one of the reasons of low solvency of domestic agricultural companies. Therefore, the important significance in the management of financial flows in the company belongs to the accounting policy as complex of principles, methods and procedures used by the company for preparation and presentation of financial statements. Successfully selected accounting policy allows optimize the payments from customers and promotes the formation of timely and relevant information on this object. The article is devoted to the disclosure of elements of company’s policy on accounting of receivables within the payment system with buyers. The main factors influencing the development of accounting policy is being defined. Proposed and described elements of accounting policy on receivables accounting, which are to be disclosed according to the ‘Decree on accounting policies of agricultural enterprises’. Development of accounting policy with regard to the proposed elements will guarantee the preparation of information required for effective management solutions on company’s receivables.