How to create an accounting policy

At the end of each financial year, accounting is required to draw up an annual accounting report. The beginning of next year means that the time has come to adopt a new accounting policy. You can leave the former, automatically transferring its effect to the next period. But we must not forget that with the advent of the new fiscal year, changes and additions to various provisions on accounting and tax legislation could appear.

You will need

Accounting Regulation "Accounting Policy of the Organization" PBU 1/2008, Federal Law "On Accounting" dated November 21, 1996 No. 129-FZ (current version), Tax Code of the Russian Federation.

Instruction manual

1

Based on the requirements of the Federal Law on Accounting, PBU 1/2008 and other provisions on accounting, draw up the accounting policies of the organization for accounting purposes. Legislative and regulatory acts do not provide for a unified methodology for drawing up accounting policies. Organizations are given the right to develop its provisions themselves, but in accordance with legislative acts.

2

Based on the requirements of the Tax Code of the Russian Federation, draw up the accounting policies of the organization for tax purposes. Legislative and regulatory acts also do not provide for a unified methodology for drawing up accounting policies. Organizations are given the right to develop its provisions themselves, but in accordance with legislative acts.

3

Execute the accounting policy of the organization by order (decree) signed by the head of the organization. The form of such an order (order) is developed independently.

4

To develop a working chart of accounts of the organization for the new financial year as an Appendix to accounting policies.

note

Accounting Regulation "Accounting Policy of the Organization" PBU 1/98 is no longer valid. See Regulation on accounting "Accounting policies of the organization" PBU 1/2008.

Useful advice

If the accounting policy of a small organization is approved, it can be included in the text of the order (s).