What is the normative regulation of accounting

The most important task of our state at the present stage can be considered regulatory regulation of accounting. Accounting is a source of information for external users, including tax and other government agencies. Therefore, it is the normative regulation of accounting that is extremely important in modern conditions for making the right decisions. Everything depends on how quickly the state will react to changes in the economic environment, developing new forms and methods that form the basis of this concept.

General rules and norms that should be applied by all organizations that carry out economic activity are the normative and legal regulation of accounting. The existing problems, gaps and contradictions in the regulation of accounting significantly complicate the professional activities of all employees of the accounting service of various enterprises and organizations, lead to misunderstandings and disputes with auditors and supervisory bodies. Nevertheless, all without exception, the facts of the economic activity of a firm or enterprise, even if there are any problems with regulatory regulation, should be reflected in accounting documents.

The regulatory regulation of accounting in Russia is represented by the following hierarchy:

1. Legislative level of regulation.

2. Normative level.

3. Methodical level.

4. Organizational level.

As it was already noted, now in our country a four-level system of regulation of accounting has been formed.

The name of the first level of regulation speaks for itself: this level includes various legislative acts, including the Constitution, federal laws and codes, decrees and decrees, and many other normative documents that are universally binding throughout the country. The most important role, of course, is played by the law "On Accounting", which is a kind of foundation for accounting in organizations. Now this is Law No. 129-FZ, adopted back in 1996. At the same time, starting from 2013, the improved law on accounting - No. 402-FZ starts to operate.

The next level is represented by the Regulations on Accounting. At this stage, 24 regulations are approved and are in force. Some of them are modified and changed over time and the economic situation changes.

The meaning of PBU is that they disclose aspects of accounting, as well as its variability for individual objects of accounting. However, the PBUs are of a general nature, without revealing specific mechanisms. This is why the third level, called the methodical level, is included in the regulatory regulation of accounting. This level is represented by various methodological instructions for the commission of any economic operations, for example, to carry out an inventory.

In addition, an important document at the given level is assigned to a special document - the plan of accounts. The principle of using a dual system is indicated in the associated document - instructions for its use. This level includes such documents as instruction on filling in reporting forms, various instructions for assessing financial obligations and inventory of property, recommendations for accounting of costs, which are included in the costs of circulation, financial results at the public catering establishment, and so on.

It should be noted that the regulatory regulation of accounting often provides for the variability of the reflection of certain transactions. Therefore, based on the documents of the above levels, organizations form their accounting policy, which refers to the fourth level of regulation. The fourth level of regulation is the organizational and administrative documentation that forms the accounting policy of a particular organization. These documents are developed by consulting firms on the order of the organization or directly by the organization itself. Documents of this level include orders, work instructions, orders, instructions for recording certain operations or objects.

As part of the accounting policy, an enterprise has the right to choose the most optimal option from the proposed methods of accounting, to develop its own on the basis of a general chart of accounts, which would take into account the specifics of the enterprise's activities. You can also develop your own primary documents that meet certain requirements.

Thus, the regulation of accounting in our country is centralized and provides for the variability of methods for recording transactions.