THE CHANGE OF ORGANIZATION OF CHART OF ACCOUNTS IN TERMS OF IFRS IMPLEMENTATION AND FORMING THE INFORMATION ENVIRONMENT FOR SUSTAINABLE DEVELOPMENT

Abstract

Formation of a unified information environment and convergence of accounting systems in the internationalization of the world’s economic life presupposes the possibility of application of international accounting standards on the methodological and regulatory level. For national accounting models with centralized regulation it is concerned, first and foremost, so important a regulator as a The Chart of Accounts. Therefore, the issue of transformation of the chart of accounts to ensure accounting in accordance with IFRS acquires a special relevance. In this paper we analyzed the characteristics and identified shortcomings of the chart of accounts from the standpoints of actual information needs of users of accounting information, methodological integrity and convenience for the preparation of financial statements.