Accounting Policies
/ˈæk.aʊn.tɪŋ ˈpɒl.ɪ.siz/
Definitions
- (n.) Principles and rules a business follows in preparing financial statements to ensure consistency and compliance with standards.
The company updated its accounting policies to comply with the new financial reporting standards.
Forms
- accounting policies
- accounting policy
Related terms
See also
Commentary
Draft accounting policies clearly and specifically to ensure transparency and adherence to applicable accounting frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.