Development of accounting policies for small enterprises in an automated system

An effective solution to speed up the process of formation of accounting policies in small enterprises and avoid making wrong decisions is to use special automated systems. The existing automated systems and algorithms within the method of formation of accounting policies should be classified by qualitative criterion. The formation of accounting policies is not given due consideration to, which leads to the contradiction of record keeping, incomplete reflection of accounting items and insufficient justification of the selected methods of accounting. One of the key elements of accounting policies is the system of enterprise’s internal control. In order to develop the algorithms and further automation of the process of formation, a detailed classification of the variants of use of the accounting policy elements is proposed. The effectiveness of corporate activities is largely determined by how faithfully its accounting policies are formed, how fully regulatory and legal requirements are reflected. The proposed detailed classification allows distinguishing separate groups on the basis of similarities of these elements among a variety of accounting policy elements. It has a hierarchical character through which the accounting policy components are structured and the relationship between them is determined.