Accounting Policies of Parent (Holding) Company and Its Subsidiaries

The effectiveness of management decisions in holding systems depends from reliability and timeliness of accounting information that is presented in external and internal reporting. The quality of this information is determined by the accounting policies of the holding system. The object of the article is the generalization of organizational and methodical approaches to the formation of corporate accounting policies and systematization of elements list of group accounting policies (holding system). The benefits of holding system operation in the current economic conditions and organizational and methodological principles of holding accounting policies forming are discovered. It was proposed to distinguish accounting policies and annual financial statements preparation policies. Such separation gives an opportunity to talk about parent (holding) enterprises policies, accounting policies of its subsidiaries and group accounting policies (holding system) as a whole. Main elements of accounting policies of parent (holding) company and its subsidiaries as single economic unit by way of group (holding system) are identified and grouped.