Accountant's Day in Ukraine

annually 16 July in the Ukraine celebrates the Day of the accountant. Its date was chosen due to the fact that the July 16, 1999, the Law of Ukraine ? 996-XIV «On Accounting and Financial Reporting in Ukraine».

This Act establishes the legal basis for regulation, organization, accounting and financial reporting in the Ukraine.

In accordance with the Law, the purpose of accounting and preparation of financial statements is to enable users to make decisions complete, truthful and impartial information about the financial condition, results of operations and cash flows of the enterprise.

Before 2004, the feast was celebrated Federation of Accountants and Auditors of Ukraine informally, allowing to raise the prestige of the profession, and, therefore, forced state officials to take another look at the specialist accountants. However, it is possible to realize that the financial accounting — it's not just tax reporting, but also a basis for management decisions.

As a result of the Presidential Decree number 662/2004 of the on June 18 2004 Accountant's Day was officially established on July 16.