Accounting Policy Concerning Wages

Accounting policy as one of the internal regulatory documents for the accounting organization, occupies an important place in the general system of information support for the enterprise' accounting. The purpose of the article is to summarize the scientists' opinions regarding the content of accounting policy and justify the objectivity of the presentation of accounting policy elements in the part of accounting for payments to employees. The definition of accounting policy in the normative-legal acts and scientific publications was investigated. Based on the study of the stages of accounting policy formation, the author determines two stages: organizational and methodical. It was noted that the list of principles defined by the legislation does not need to be indicated in the accounting policy, because they are mandatory for execution and the enterprise is obliged to comply with them. At the same time, the accounting procedures should be taken into account, as they provide the organization of the accounting process. Disclosure of accounting methods allows to show the alternative variants of methods and methodology of accounting of separate objects. It was determined that the accounting policy formation of an individual enterprise depends on the characteristics of its production and business, commercial and other types of activities, the organizational and legal form and legislative regulation of accounting, as well as on understanding the content of accounting policy by a practicing accountant. In the article the author's attention is focused on the elements of accounting policy concerning payments to employees. The study of the accounting policy of agricultural enterprises of various organizational and legal forms confirms the existing of the versatile variants of accounting policy elements concerning wages. It was proved that the accounting policy concerning payments to employees should contain only those elements that at the legislative level have several options of accounting methods use.