The Ukrainian accounting system has been influenced by the soviet model for a long time.
Nevertheless, Ukraine makes more and more efforts to change and remove all former procedures to obtain a complete independence.
In 1998, the current accounting system has been reformed. Ukraine wants to comply with the international accounting practices.
This period of transition is marked, notably, by the training of new accountants who could be able to apply the new rules. Nevertheless, some companies still use the former accounting soviet system.
General accounting principles
The Ukrainian accounting rules are very complex in terms of taxes.
Accounting, in Ukraine mixes tax system and financial accounting.
The accounting system becomes more and more complex because the authorities promulgate a more and more complex tax system.