Enterprises are regarded as important subjects of accounting, which is the main link in the economy of an individual society, respectively, as a means of management. Through enterprises, tangible and intangible goods are created, various works are performed, services are provided and delivered to consumers. An increase of the number of companies, their merger and expansion, as well as development of joint activities are the important factors in raising of a country’s GDP, employment and income, improving of the living standards and welfare. This article reveals basic rules of accounting and financial reporting in the context of reorganization of enterprises on the basis of current laws and regulations of a country, including national standards. The essence, features and procedures for reorganization of enterprises, considered as the main subjects of accounting, the main link of the economy of the republic, are also revealed. The article outlines general requirements for accounting and financial reporting in the context of reorganization of enterprises.