Major Tendencies in Accounting: Ways of Development in the XXI Century

The article is devoted to the definition and justification of the dominant tendencies of development of accounting in the XXI century, the study of which will develop a set of measures for the progressive development of accounting as the main information system of modern enterprises. Revealed the reasons that contribute to the need to emphasize the accounting development tendencies. Justified the expediency to consider accounting development tendencies as a professional activity, practice, research activity, as well as academic discipline. It is revealed that: 1) the development of accounting as a professional activity is characterized by a change in the status of an accountant in the company; 2) in scientific researches on accounting multi-disciplinary and trans-disciplinary approaches are widely used; 3) in practice it is increasingly seen the reflection in the balance of resources, which are not always assets of the enterprise, as well the provision of non-financial, probable and forecasting information, that provides more effective decision-making; 4) accounting as an academic discipline is not sufficiently developed, and there is therefore a need to provide an in-depth course ‘Accounting Theory’.