METHODOLOGY FOR DEVELOPING ENTERPRISE ACCOUNTING POLICIES UNDER THE APPLICATION OF IFRS

Abstract

This article examines the theoretical and methodological foundations for developing an enterprise’s accounting policy in the context of adopting the International Financial Reporting Standards (IFRS). The study analyzes the principles, stages, and structural elements of accounting policy, as well as the key differences between national accounting standards and IFRS that influence the selection of accounting methods. Particular attention is paid to the role of professional judgment in accounting practice, illustrated through a practical example of selecting an appropriate depreciation method. The paper also proposes practical recommendations for improving the process of developing accounting policies for enterprises applying IFRS, with the aim of enhancing the quality, consistency, and transparency of financial reporting.