Documenting economic information

In this article, the authors consider the requirements for documenting economic information in an organization. Reforming accounting standards to ensure the reliability of reporting indicators, the ability of users to use accounting information for decision-making takes a significant amount of time and requires significant effort. In the process of reforming, new regulatory documents, for the most part, do not contain instructions on compliance with strict requirements, but set out conceptual approaches to the formation of information. There is an opportunity to apply in practice different methods of recognizing accounting objects, while the responsibility for choosing appropriate solutions and the correctness of documenting the facts of the organization’s life increases. In these conditions, special attention should be paid to the procedure for forming a professional opinion of an accountant regarding the qualification and assessment of the facts of the organization’s economic activity. The variability of accounting procedures and the automation of accounting work affect the development of the creative component of accounting. Of particular importance is the organization of document flow, timeliness and reliability of the reflection of events in primary accounting documents.