Basic principles of accounting

Methodology of financial and management accounting, its theoretical foundations are questions that have become particularly relevant in difficult economic conditions when the importance of information support for management decisions is difficult to overestimate. The proposed edition clearly demonstrates how the theory of accounting, the fundamentals of the reflection methodology of economic facts affect the accounting practice and the information that the accounting reports may be formed within the framework of financial and managerial accounting systems. Acquaintance with this book makes it possible to understand that accounting reporting may tell about the status of the company and the individual facts of its economic life, and what are the objective boundaries of its possibilities. At the same time, the author consistently shows how to apply the principles of accounting and understanding their content can change the role of financial and management accounting from the standpoint of their usefulness of the company and its owners. Discussion of the foundations of the current theory of accounting gives the reader the opportunity to understand the mechanisms of influence of accounting information on real economic processes, both as part of the activities of specific enterprises and economic life in general. The seriousness and depth of the issues considered in this work are combined with their increased relevance for today"s practice of management and financial accounting. At the same time, the proposed material is set out in a fairly popular manner, which significantly facilitates the perception and understanding of the topics discussed with the reader. For practicing accountants, financial managers, auditors and consultants, teachers, students and graduate students of economic specialties, and also for all specialists who use accounting information in their activities