ORGANIZATION OF PRIVATE CAPITAL ACCOUNTING IN ECONOMIC ENTITIES IN ACCORDANCE WITH INTERNATIONAL STANDARDS OF FINANCIAL REPORTING (IFRS)

Abstract

the article discusses private capital accounting and reporting in the transition to international standards of financial reporting in business entities. Today, private capital accounts in economic entities are used to achieve the intended goals by maintaining modern accounting principles prepared with the help of international financial reporting standards (IFRS). According to the rules of IAS, the information in the accounting documents must be in accordance with the specific characteristics of the accounting records, in accordance with the principles of reliability and completeness of the accounting records, and the principles of prudence by organizing the accounting system in the economic entities. In the implementation of these tasks, it is necessary to harmonize the working capital report according to international standards, to ensure the accountability and transparency of the working capital report.