Accountancy as a system

The subject of investigation is the correlation and essence of the components of accounting system as a set of elements of its specific blocks. The article expands the scientific understanding of the accounting system, identifies its integral elements. We have presented our own view on accounting as a system, developed a comprehensive grouping of its elements in a structured unity broken down by fundamental, functional and regulatory blocks. The proposed grouping allows us to consider accountancy as an integral system of the interrelated elements.