Changes in accounting (financial) statements in the period 2020-2021

The preparation of accounting (financial) statements is a mandatory requirement for all economic entities carrying out accounting (financial) accounting. On its basis, organizations can take measures to optimize economic activities aimed at increasing profits. This article examines the concept of accounting (financial) reporting, its significance for the organization and interested users, the stages of its preparation and the basic principles that accountants must follow when compiling it (completeness, reliability, objectivity, timeliness). Particular attention is paid to reflecting the main aspects of accounting (financial) reporting in 2020-2021. (organizations no longer have to submit reports to Rosstat, the documentation is being converted into electronic form), innovations related to changes in the name of some strings, the procedure for calculating their economic meaning. The article considers the new adopted laws in the field of accounting, which coordinate the procedure for submitting accounting (financial) statements to supervisory authorities, the timing of submission, the period of accounting (financial) statements. Changes in reporting forms are discussed in detail: changes in documentation codes, in the heading part of the balance sheet, reflection of the cost of indicators, the statement of financial results and in the reflection of the audit.