Issues of classification and names of accounts in financial accounting
The paper addresses the problems of classification and naming of accounts in financial accounting. It suggests merging all accounts into four groups: the group designed to reflect the finances being in legal possession of the organization; accounts of finance sources being in legal possession of the organization; finance accounts, being in limited legal possession of the organization, and operating accounts. This number of account groups can reveal the subject of financial accounting. With that, it is proposed to name accounts so that their name refers to the accounting object. The article describes the content of each account group, and individual accounts are analyzed in great detail.