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

The article explores the essence, purpose and defined the main stages of formation of the accounting policy of the enterprise. In order to improve the efficiency of accounting policy, recommendations for its development and scope are proposed. The role of accounting policy at the present stage of economic development is considered. The ways of improving the mechanism of its formation are proposed. It is proved that formation of accounting policy is a complicated process requiring organizational, technical, personnel and does not end after the approval of the Order on accounting policy, and continues until the termination of the enterprise. The use of various accounting policy options allows you to manipulate the financial result, which results in non-consistent financial reporting. Consequently, the task of managers is to create such 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.