On the main directions of state policy in the sphere of accounting and financial reporting

Abstract

Importance: the article examines modern trends in the development of the accounting and financial reporting system in Russia, ensuring that stakeholders make informed decisions on issues of management, investment, asset return, performance, and corporate risks. Purpose: definition of the main directions of ensuring the stability of the accounting and financial reporting system, contributing to the sustainable development of the corporation. Research design: the state policy in the field of accounting involves increasing the reliability, timeliness, complexity of corporate accounting and reporting, identifying the incomparability of information to meet the needs of stakeholders. The implementation of state policy by corporations necessitates changing the accounting policy of the corporation in terms of documenting, systematizing and disclosing financial information. Results: the introduction of modern foundations of the state policy for the development of accounting and financial reporting by corporations involves the development of local regulations that form the composition and content of primary accounting documents, accounting registers, and the relationship of various types of reporting. Expansion of the composition of accounting objects, in particular, digital currencies, carbon units, fulfillment of quotas, greenhouse gas emissions, activities on partner financing of information resources contribute to the development of management reporting information, including financial and non-financial indicators