LEGISLATIVE ACCOUNTING POLICIES AND FINANCIAL REPORTING IN UKRAINE: EXPRESS REVIEW OF NEWS

Abstract

In the article the individual elements of the legislative improvements in the accounting and financial reporting in Ukraine have been considered. The issue of adaptation of accounting and financial reporting of Ukraine to the principles of the legislation of the European Union has been investigated. The accounting features for micro, small and medium enterprises have been presented. The comparative classification of enterprises for the purposes of accounting and financial reporting has been carried out. It has been proved that the system of qualitative characteristics of the accounting information will help to align the existing contradictory proposals which are inherent in the accounting sphere and contribute to the harmonization of the national accounting system.