204
Bronisław Micherda
The paper presents the significant position of accounting policy in accounting system. The essence. functions and structures of the contemporaiy accounting, as well as the competences and ethics of professional accountants are indicated. In all specified areas elear premises reveal themselves, which suggest the need for a new perspective on the content of that accounting policy, thereby inereasing its importance. At the same ti-me, it points out the essential directions of the discussion on the improvement of the accounting policy in the theory and practice of economic life.