State aid and IFRS accounting policy

Introduction. This paper establishes that accounting policy is an important step in the organization of accounting. The shows effective allows forming reliable and high-quality indicators financial statements. study examines main ideas by scholars on problems IFRS policy. Also, gives a critical assessment their positions. purpose to analyze system standards for formation state aid Results. transactions complex interrelated standards. Firstly, article impact international policies general. Secondly, research other also have partial impact. disclosing significant bettering understanding methodological basis reporting. Moreover, business entities adhere principle conciseness policies. Finally, highlights elements State accordance with IAS 20: recognition aid; methods grants; types forms contingent assets liabilities at presenting information government grants related income; disclosure notes Conclusion. Accounting based judgments management, which are proved facts. Therefore, should be viewed as philosophy choosing alternatives business.