Target Settings and Their Impact on the Transformation of Accounting

Abstract

Th e article is devoted to the analysis of the current state of accounting knowledge and, as a result, accounting practices that are permanently transformed into separate accounting areas aimed at satisfying the information interests of certain groups of users of fi nancial, tax, social and other reporting. Th e author focuses on the impossibility of achieving economic effi ciency of organizations, in the setting of distorted or false targets of the national accounting system.