Theoretical directions of development accounting systems: basic principles and main components

Umarov Khusan

The publication examines the scientific and theoretical trends in the development of accounting systems and the principles underlying them. Despite the developed theoretical platform, the development of the world accounting has not yet been completed, which requires maximum flexibility in their use to reduce risks from potentially incorrect managerial decisions bearing financial losses. The accounting systems are based on moral, ethical, information and legal principles that determine their individuality, creativity, country, religious and interethnic differences.

Keywords:Accounting system, model, ethical principles. religious factor, islamic accounting, information.