Improvement of the accounting policies of an economic entity

The article examines the procedure for reflecting information on individual accounting elements in the accounting policy, provides a comparative analysis of the Russian and international practice of accounting and evaluating these elements, gives recommendations on the convergence of the accounting policy provisions, drawn up taking into account Russian and international rules. The role of accounting policy on the impact of methods of assessing individual elements of accounting policy on the indicators of financial statements and financial ratios has been determined.