Strategic importance of corporate accounting policies

The paper describes issues of improving the accounting policy as a fundamental methodological tool for organizing and implementing process reporting an economic entity formed on its basis, which is primary source information about financial activities. Reporting policies should be in stage constant development evolution order to meet adequate business trends needs stakeholders. In environment where corporations are basic form organization, corporate reporting, showing creating value over time, results from existing merged model, governance tool. At same levelbased risk-based approach implementation can considered strategy. purpose research identify policies, task update strategic significance. course work, author substantiates expansion boundaries functions space endowing it with instrument study used purposes optimization coordinated activities participants relations. This caused single strategy by revealing management systems updating their predictive value.