Assessment in accounting policy: a tools of relevant choice

Abstract

Introduction. A rationally justified choice of tools in the context of an enterprise's accounting policy is critically important for ensuring the reliability and transparency of financial information. The mixed valuation methodology, which involves combining metric options based on both historical estimates and current values of accounting objects, should contribute to increasing the reliability and accuracy of accounting and reporting data. The purpose of the study is to substantiate theoretical and methodological approaches to the formation of companies' accounting policies regarding the valuation of accounting and reporting objects, to study the assessment of the application of the practice of choosing valuation methods within the framework of accounting policy, as well as the possibility of modeling the choice of the optimal assessment option within the framework of accounting policy, taking into account the use of a mixed valuation model and the specifics of conducting economic activity in wartime conditions.

The research methods are based on a comprehensive approach that combines methodological techniques of analysis and synthesis for the study of regulatory support and critical understanding of scientific sources and generalization of theoretical approaches, a systematic approach in considering factors that affect the accounting policy of companies, in particular - in circumstances of changes and risks caused by the war, the method of comparisons for assessing the effectiveness of various assessment models, induction and deduction for formulating conclusions about the feasibility of a mixed assessment model.

Results. It is determined that the possibility of accounting choice from alternative options of the relevant assessment method is one of the fundamental characteristics of accounting policy. The stages of evolution of the formation of assessment approaches in accounting policy are outlined, which have led to the current dominance of the mixed assessment model in its assessment aspect. It is proven that the mixed valuation model is a reasonable basis for accounting policy, as it combines the advantages of different valuation methods, ensuring a balance between relevance, reliability and economic feasibility. It allows a company to adapt accounting to its business model, meet the requirements of IFRS and provide users of financial statements with useful relevant information for decision-making. Conclusions. A rationally justified accounting policy based on a mixed valuation model helps to increase the relevance of financial reporting, harmonize the interests of stakeholders and adapt to economic challenges through the optimal choice of valuation tools.