The process of formation of accounting policies in the sys-tem of management accounting

Abstract

Purpose: the paper deals with the formation of optimal accounting policies for internal management purposes. Discussion: the process of the accounting policies creation is a complex, laborious and meaningful work, wherefore the author has done the research. The formation of accounting policies for internal management purposes, on the one hand causes some difficulties because management accounting in contrast to accounting and tax records is not regulated by any legislation. On the other hand, this is an advantage since it allows identifying the optimal solution, confirmed by calculations based on management accounting data. Results: the author has offered the recommended accounting policies for internal management purposes, revealing all aspects of management accounting work.