Accounting policies: the interaction of accounting and tax accounting

Each economic entity to develop its own accounting policies, which reflects a reasonable combination of state regulation and autonomy of the organizations in the setting of accounting. Accounting policy is an important lever of effective management of a commercial organization. It allows you to affect the financial results of activities and increase liquidity by attracting investors. Economically sound accounting policies of the organization allows not only to optimize taxes, but also to protect themselves from possible financial sanctions by the state control bodies. It is therefore important to investigate the interaction order of accounting and tax accounting using the accounting policies that, in turn, will influence the balance profit of a commercial organization.