Issues of improving financial reporting in travel companies based on the requirements of international standards (IAS IFRS)

This article discloses the issues of improving financial reporting in travel companies based on the requirements of international standards (IAS IFRS). The essence of accounting policy and its need, as well as proposals on the approximation of international standards, features of the general, methodical, technical and organizational sections accounting. Instead of a multi-stage system for the formation of financial regulate of enterprises engaged in tourism, a one-stage approach to international standards was proposed. On the basis of this, it is possible to improve the procedure for determining the net profit and the correct formation of income and expenses of travel companies.