Accounting Policy of the Enterprise in the Conditions of War

Abstract

The purpose of the article is to substantiate the theoretical foundations and practical aspects of the study of the accounting policy of the enterprise in the conditions of war. The full-scale invasion of the Russian Federation on the territory of independent and sovereign Ukraine caused significant negative phenomena and processes occurring in the economy and society. Destabilizing factors had the most significant destructive impact on the sphere of entrepreneurship, as a result of which the conduct of economic activity underwent significant destabilizing changes, and the risks of negative effects significantly increased. The introduction of a special legal regime of martial law in the country caused the need to keep records of economic transactions at enterprises taking into account the factors of war, which significantly reformatted approaches to the accounting system at enterprises and caused its changes. The article analyzes the main scientific approaches to determining the essence of the company's accounting policy and elucidates the specifics of its change in the context of the economic and legal analysis of current legislation in the field of accounting and financial reporting. It has been proven that the existing destabilizing factors of a military nature have a significant destructive effect on the state and changes in the accounting policy of the enterprise, which are due to the need to reflect in the accounting and financial reporting of economic transactions associated with the: impossibility of economic activity or its significant limitations due to the conduct of active hostilities; forced relocation business entities to relatively safe territories; legal restrictions on settlements with Russian and Belarusian counterparties; increased risks of counterparty default; destruction, large-scale destruction, damage and depreciation of assets as a result of active hostilities; provision of defense assistance; as well as settlements with employees in conditions of martial law. The main methods of improving the accounting policy of the enterprise in the conditions of war are proposed.

Keywords

• accounting
• accounting policy
• factors of a military nature
• accounting system
• structural deformations.