Features of the organization of accounting and tax accounting

Abstract

In this article the questions of organization of accounting and tax accounting are considered. It is
noted that accounting and tax accounting have their own peculiarities, specifics and differences. Accounting is an
orderly and regulated information system that reflects the state and movement of property, settlements and liabilities,
and the financial results of the business entity. Tax accounting allows state bodies to control the completeness and
timeliness of tax payments. In turn, accounting is conducted with a view to compiling financial statements on the
basis of which it is possible to evaluate the financial and economic performance of the organization. Thus, if the
ultimate goal of accounting is to provide information on the economic state of the entity to stakeholders, then for
fiscal accounting this purpose will be the fiscal, supervisory function of the state interested in maximizing the budget
replenishment.