Accounting policy of budget institutions: the modern status and prospects.

Abstract

The current state of the national economy requires the initialization of all reserves, including the accounting policy as a means of increasing the efficiency of budget accounting. The purpose of the study is to identify the peculiarities of the accounting policies’ formation at budgetary institutions in terms of identifying problems and ways to solve them. The paper considers the definition of the accounting policies according to the international and national requirements in the public sector, the role of accounting policy in creating an effective information system of the entity, the composition of the factors taken into account when identifying the elements of accounting policy, the reasons for making changes in the accounting policy, structure of the order on the accounting policy. On the basis of a detailed analysis of the accounting policies elements are drawn conclusions regarding its current state. Selected stages of the accounting policy development process for the public sector entity, formulated conclusions, identified the existing problems, identified ways to address them.