SPECIAL ASPECTS OF ORGANIZING ACCOUNTING IN SMALL BUSINESS ENTERPRISES

The article studies the special aspects of accounting organization in small business enterprises in Ukraine. The author’s adaptation of the forms of accounting organization provided for by the current legislation in the field of information support for the management of small business enterprises is presented. It is determined that the only fundamental consequence of an enterprise acquiring the status of a small enterprise or microenterprise is the composition and procedure for forming financial statements, because these legal entities are obliged to form simplified financial statements in order to provide users with information about the financial condition and results of their activities. The content and information-analytical purpose of the elements of simplified financial reporting are systematized. The issues of the regulatory features of the formation of the accounting system of small business enterprises are analyzed, which include the simplified Chart of Accounts, as well as the possibility for some micro-enterprises to keep accounting records without adhering to the principle of double entry and simplifying certain accounting procedures at micro-enterprises. It has been proven that the refusal to adhere to the double-entry principle is inappropriate when organizing the accounting of microenterprises, as this deprives accounting of an effective internal control mechanism and significantly reduces the quality of the microenterprise accounting system. The reasons for the refusal of the vast majority of small businesses from the simplified Chart of Accounts are established, which primarily include an insufficient level of detailing of accounting objects, as well as accounting traditions, including regarding its automation. The feasibility of adopting the accounting policy of microenterprises to simplify accounting procedures by refusing to revalue non-current assets and refusing to form provisions and a reserve for doubtful debts is analyzed. It is established that the adoption of a final decision on determining the elements of the accounting policy regarding the acceptance or rejection of the provided simplifications must take into account the characteristics of each individual microenterprise, including its interests in terms of optimizing the tax burden.