Accounting in Ukraine is regulated by the Law of Ukraine On Accounting and Financial Reporting in Ukraine, accounting regulations (standards) developed on the basis of the International Financial Reporting Standards and the European Union accounting laws.
The accountant is responsible for accounting at the enterprise, and the director as the authorized person of the owner is responsible for the organization of accounting. Companies in Ukraine may engage full-time employees in accounting as well as outsource it contractually. These services typically cost around €100 a month for newly created companies with a small number of transactions.