Analysis of The Impact of Tax Reforms on the Organization of Accounting and the Preparation of Financial Statements

Abstract

The article examines the impact of tax reforms on the organization of accounting and the preparation of financial statements by enterprises. The purpose of the article is to substantiate a methodological approach to assessing the accounting and reporting consequences of tax changes, taking into account their influence on accounting policy, analytical accounting, primary documentation, tax differences, current and deferred tax liabilities, internal control and disclosure in financial statements. The author's contribution lies in identifying the accounting and reporting framework of tax reform as a sequence of interrelated actions that begins with the monitoring of legislative changes and continues through the identification of affected accounting objects, assessment of consequences for assets, liabilities, income and expenses, adjustment of accounting policy, refinement of analytical accounting, verification of accounting data and presentation of tax effects in financial statements. The scientific novelty of the study lies in substantiating the need to analyze tax reforms not only through fiscal indicators, tax burden or budget revenues, but also through their impact on the qualitative characteristics of financial information, in particular reliability, comparability, completeness, transparency and usefulness for decision-making. It is determined that tax reforms influence accounting through four main channels: regulatory, procedural, information- related and control-related. The practical significance of the results lies in their possible application by enterprises when updating accounting policies, developing internal regulations, improving analytical accounting, strengthening tax compliance and enhancing the reliability of financial statements. The study concludes that tax reforms transform not only the amount of tax liabilities but also the architecture of accounting and reporting systems; therefore, enterprises need a systematic mechanism for monitoring tax changes and reflecting their consequences in financial statements.