Abstract:

In the context of the structural adjustment of the world economy and changes in the balance between economic centers, the increasing role of regional economic unions and the spread of digital technologies, the demand for finding effective tools for managing economic interests and conflicts of the economic activities' participants is growing. Conflicts of interests of various stakeholders' groups arising both in the public and private sectors in many countries are increasingly viewed as direct threats to social stability. To solve the indicated problem, it is necessary to comply with the standards that minimize the risks of conflict appearance and provide high probability of its resolution. Today, in the Russian Federation, the provisions on the accounting policies of organizations can be used as a base for such standards because in accordance with the current legislation, their adoption is mandatory. The article presents the evidence base for the inconsistency of the strategic intentions of corporate organizations and the socio-economic policy of Russia, which gives rise to conflicts of interest for various groups of stakeholders. The authors’ vision of the goals and objectives of accounting policies as a tool for managing conflicts of interest of Russian corporations is demonstrated. The content of control and analytical procedures at the main stages of the accounting policies formation in order to effectively manage conflicts of interest is disclosed.