ACCOUNTING POLICY AND ITS INFLUENCE ON THE ACTIVITIES OF ENTERPRISES IN WARTIME CONDITIONS

Abstract

Practical management of the accounting process at Ukrainian enterprises requires the formation of their own accounting policy at each of them, which is the basis of the organization of the accounting process and the most important management tool. The article reveals the essence and procedure of development of accounting policies by domestic enterprises. It is proposed to define the accounting policy as a set of principles, methods, procedures, ways of organizing and maintaining accounting, compiling and submitting financial statements, which are chosen by the economic entity independently, taking into account the peculiarities of its activity over a long period and are reflected in the internal regulatory document of the enterprise. As a result of the research, the factors affecting the formation of accounting policy in the conditions of martial law and their reflection in accounting are summarized. New operations and new business risks were considered, which influenced the formation of the accounting policy, which in the conditions of martial law in most enterprises does not meet the requirements of the law and does not provide an opportunity to form a holistic view of the peculiarities of the accounting methodology and organization of a certain enterprise. Changes to the basic principles of the accounting policy and new components of the accounting policy are proposed, which may require changes in the conditions of martial law. Based on the analysis of the practical aspect of the development of the accounting policy of enterprises in Ukraine the peculiarities of the disclosure of the tax policy of the enterprise are determined and the standards are given: the taxation system used by the enterprise; method of accounting of income and expenses in the organization's activities; the procedure for calculating the tax base for taxation. Criteria for selecting and changing accounting policy, accounting approach to disclosure of information about changes in accounting policy, accounting estimates and correction of errors are established.