Accounting policy of Ukrainian corporations

The need to provide information about the company and its activities to users of reporting raises the question of the orga­nization and methodology of its generation in accounting and its reflection in the repor­ting, and thus the accounting policy of the enterprise. Traditionally, the accounting policy of the enterprise is focused on financial ac­coun­ting and reporting. In view of this, the following question requires further study, such as: should the purpose of accounting policy be limited exclusively to providing financial reporting, or can it serve as the basis for preparing other types of reporting (in particular, integ­rated). The hypothesis is the statement that the purpose of accounting policy is not limited exclusively to provi­ding financial reporting, it can serve as the basis for preparing extended reporting (in particular, integrated). The following me­thods were used, such as: analysis and synthesis; comparison; systematization; de­duc­tion. In the process of research, approac­hes to defining the concept of "accounting policy" and its purpose (goals) in national and inter­national regulatory documents and scientific publications were analyzed. The analysis made it possible to establish that current international regulatory documents, unlike national ones, do not prohibit the disclosure of principles, methods and procedures when forming an accounting policy, which, although they contra­dict IFRS, do not go beyond the Conceptual Framework and legislation. That is, the accounting poli­cy of the enterprise, if necessary and in compliance with the specified criteria, may disclose the prin­ciples, methods and proce­dures for maintaining accounting and prepa­ring not only financial statements, but also integra­ted or other corporate reporting. At the same time, the basis for developing an enter­priseʼs accounting policy should be regulatory docu­ments that determine the requirements for preparing the relevant ty­pes of reporting