UNIFICATION OF ACCOUNTING POLICY OF SMALL BUSINESS

Abstract

Purpose: discuss the problem of formation of accounting policy on small enterprises, offer ways of unification of its provisions. Discussion: small businesses, along with other legal entities are obliged to form their own accounting policy based on the structure, industry sector and other distinctive features of the activities for the possibility of the organization of accounting. Specificity of functioning of small businesses require non- standard approach to the formation of significant accounting policies. Results: we developed recommendations for unification of accounting policies and the adaptation of the elements of the accounting system to the peculiarities of the economic life of small businesses that comply with the provisions of the RF Federal Law «On Accounting» of December 06, 2011 No 402-FZ.