THE ACCOUNTING POLICIES AS PART OF THE ACCOUNTS PAYABLE ORGANIZATION
An important key to successful business management is the availability of complete, accurate and unbiased information base. Solving this problem requires effective and efficient mechanism of influence on the organizational level and at the level of managers. Providing this requirement is implemented on the basis of accounting and therefore depends on the level of its organization and perfection of the system as a whole. The accounting policies, as an important component of the accounting system, cover all levels of its organization. Various scientific approaches to defining the essence of the term “accounting policies” have been analyzed and own interpretation has been offered. Despite the significant activity of scientists in the study of characteristics and features of accounting policies, practice of business entities shows that today a number of issues of theoretical and practical character concerning the organizational and methodological aspects in the field of accounts payable remain unresolved. The aim of the article is to improve the organizational aspects of the accounting of trade enterprises payments to business partners, the development of scientifically grounded recommendations concerning the rationalization of information support for management. Observance of basic principles provides rational organization of accounting. The basic principles of accounting have been investigated and it has been offered to add expediency principle to existing ones to evaluate the effectiveness of new developments in the process of accounting, taking into account the scale and profitability of the business activity. It has been proposed to investigate the organization of account payable of trade enterprises concerning stages of its implementation and operation, enabling consistent and most successful investigation of all disputed issues arising in the course of implementation, and offer specific suggestions for their solution. During the research of the account payable organization of trade enterprises a schematic display of its main components has been proposed. The suggested scheme will help to build a rational system of organization of the account payable in such a way as to best cover all its components.
Keywords: trade, organization of accounting, payments, business partners, accounting policies.