Modeling accounting policy in the context of production potential and innovative development of an enterprise

Анотація

The article examines the theoretical and methodological foundations of modeling an enterprise’s accounting policy in the context of developing its production potential and innovative activity. It is established that, in business practice, accounting policy is often perceived primarily as a formal regulation of accounting procedures, while its potential as a strategic management tool remains underutilized. The paper analyzes scientific approaches to the formation of enterprise accounting policy and identifies its role within the system of information support for managing production potential. The results of studies by Ukrainian scholars regarding the use of accounting policy as an instrument for resource management, strengthening the economic security of enterprises, and ensuring the effectiveness of financial results are summarized. During the research, normative and positive approaches to the formation of enterprise accounting policy were analyzed. It was determined that the normative approach focuses on ensuring the reliability and comparability of financial reporting in accordance with established accounting standards, while the positive approach focuses on studying the real determinants that influence management decisions regarding the selection of accounting methods. The relationship between accounting policy, financial reporting, investment processes, and an enterprise’s innovative activity is substantiated. A conceptual approach to modeling the impact of accounting policy on the development of production potential and innovative activity is proposed. It is determined that an enterprise’s production potential is formed by a combination of resources and production capabilities, including fixed assets, technological resources, labor potential, and organizational competencies. The article proposes a step-by-step approach to modeling enterprise accounting policy. This approach includes identifying the components of production potential, determining accounting instruments to reflect them, aligning accounting policy with the enterprise’s investment and innovation strategy, developing a system of analytical indicators to assess resource efficiency, and integrating financial and management accounting. It has been proven that aligning accounting methods with key production efficiency indicators increases the analytical value of financial information and supports more substantiated strategic decision-making. Keywords: accounting policy; production potential of an enterprise; innovative development; financial reporting; management accounting; financial accounting; investment activity; accounting and analytical support; accounting policy modeling.

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