THE IMPACT OF ACCOUNTING POLICIES ON THE FINANCIAL CONDITION OF THE ENTERPRISE
Keywords:
accounting policies, accounting reports, financial performance, financial result, IFRS - International Financial Reporting Standards, NAS – National Accounting Standards, VAT - Value Added TaxAbstract
This article discusses the role of an organization’s accounting policy. The advantages of a well-drafted accounting policy are identified. An organization’s accounting policy is a real tool for finding the optimal option for reflecting factors of economic activity in the accounting system. We have outlined the importance of forming an organization’s accounting policy to reflect reliable reporting. If we consider the accounting of all aspects of the organization’s activities, then everything depends on changing economic conditions and changes in legislation. The various goals pursued by the organization during its formation were identified. The task of forming and complying with accounting policies for specific companies was substantiated, taking into account their specifics.
References
Civil Code of the Republic of Uzbekistan dated 30.08.1997 N 485-I
The Law of the Republic of Uzbekistan "On Electric Power Industry" dated 30.09.2009 No. ZRU-225
NAS No. 2 "Income from basic economic Activity" dated 20.08.1998 No. 41
NAS No. 21 "Chart of accounts of accounting of financial and economic activities of economic entities and instructions for its application" dated 9.09.2002 No. 103
The Law of the Republic of Uzbekistan “On Accounting” dated April 13, 2016 No ZRU-404
