Krupinova E.S.National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation e.krupinova@mail.ru
Subject The article deals with defining the concept of accounting principles and their up-to-date list as applied to Russian accounting practice of economic entities, including microenterprises. Objectives The study aims to determine the composition and content of accounting principles relating to business operations of microenterprises. Methods Methodological and information framework includes International Financial Reporting Standards, national accounting standards, works on the subject by foreign and domestic scientists. We employ scientific methods of inquiry, namely analysis, synthesis, comparison, grouping, induction and deduction. Results The paper presents a definition of the accounting principles concept in relation to the Russian practice of accounting and reporting. It specifies the composition and content of accounting principles in the business of microenterprises, and includes classification in the following areas: quality characteristics of accounting and reporting information; basic principles; methodological principles; specific accounting principles for microenterprises. The findings may be applied in the theory and practice of accounting. Conclusions The updated system of accounting principles for microenterprise business will enable to develop and implement targeted measures aimed at reducing the administrative burden of this category of business entities, arising from their duty to maintain accounting records and reporting obligations.
Keywords: principle, accounting, microenterprise
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