Of azerbaijan high technical educational institutions

PAHTEI 
PROCEEDINGS OF AZERBAIJAN HIGH TECHNICAL EDUCATIONAL INSTITUTIONS 
VOLUME 27 ISSUE 04 2023 
E-ISSN: 2674-5224 
computing work. It is especially important now to have computers that allow you to create 
automated jobs for accountants (Назарова В. Л., 2009). 
 
Conclusion
All further development and improvement of the organization of accounting should go in the 
direction of strengthening the control functions of accounting, expanding the analyticity of 
accounting data and increasing the efficiency in using these data to manage and make 
economically sound decisions, and more active participation of accounting workers in economic 
work. Usually, when it comes to the adoption of international standards, mainly accounting at the 
corporate level is mentioned. However, certain rules and features of accounting in the field of 
public financial management should also be regulated through standards that meet international 
rules.
That is, the so-called budget accounting must meet the requirements of international financial 
reporting standards. In different definitions of the concept of accounting policy, various 
components are included, which leads to a different understanding of accounting policy and its 
practical application by accounting entities. Relevant is the continuation of the development of the 
conceptual apparatus, both to national and international standards of accounting and reporting.
Organizational matters should be excluded from the definition of "accounting policies". It is 
proposed to define the concept of accounting policy as a set of specific alternatives adopted at the 
enterprise for evaluating business transactions and reporting items as of the balance sheet date in 
accordance with accepted accounting and financial reporting standards. It is desirable to 
supplement international and national financial reporting standards that have a definition of the 
concept of accounting policy with examples of its components.
REFERENCES 
1.
Deller A. The IASB is looking to finesse the fundamental rule of applying changes to 
accounting policies retrospectively and changes to estimates prospectively, as Adam 
Deller explains. London, 2014 
2.
Dole Food Company, Inc. Corporate Finance Department Accounting Policies and 
Procedures. London, 2013 
3.
Mcleay, S. Jaafar, A. Country Effects and Sector Effects on the Harmonization of 
Accounting Policy Choice, Abacus. London, 2017 
4.
Raffournier, B. The determinants of voluntary financial disclosure by Swiss listed 
companies, European Accounting Review. London, 2016 
5.
Watts, R. and Zimmerman, J. Positive accounting theory: A ten-year perspective, 
Accounting Review, London, 2018 
6.
FMIS Software. What are the different types of fixed assets in accounting? London, 2019 
7.
NetSuite. Fixed-Asset Accounting Basics. London, 2014 

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