[Norms of the accounting right]

Rigid demands were shown and made to process of formation of the financial information on activity of managing subjects. In the center of attention there are problems of maintenance of utility of book keeping results information, that from the point of view of the interested users (investors, creditors, creditors, etc.) is expressed in reliability and objectivity of data about a financial position of the organization, changes and financial results of its activity that first of all mentions system of the accounting reporting. For the decision of similar problems it was required and rationalization of the order of ordering and accumulation of the information, i.e. perfection of process of reflection of the facts of an economic life on accounts of book keeping is required. With development of elements of a new economic mechanism representations about those or other objects of book keeping considerably vary. It leads to transformation and the subsequent revision of many rules and techniques in which new ways of an estimation of actives and obligations are provided, their qualifying and classification attributes. In process of book keeping practice perfection and legislation stabilization the characteristic of various registration objects is specified, that, in turn, causes necessity of change of structure and the contents of synthetic and analytical positions by way of accounts, and also the order of record on accounts. Active and purposeful work on rapprochement of domestic registration practice with it is international the recognized practice of book keeping gives to revision of normative-legal base a special urgency. The decision made by Ministerial council on orientation to the international standards of the financial reporting (the decision 922 from July, 9th 2003) predetermines necessity of significant changes of formation process of the financial information. The Belarus system of book keeping should provide preparation of data, suitable for drawing up of the financial reporting or at least comparable to the parameters received on the basis of these standards