accounting policies
Definition
Principles, rules and procedures selected, and consistently followed, by the management of an organization (the accounting entity) in preparing and reporting the financial statements. Accounting policies deal specifically with matters such as consolidation of accounts, depreciation methods, goodwill, inventory pricing, and research and development costs. Accounting policies must be disclosed in the annual financial statements. See also summary of significant accounting policies.
accounting policies is in the Accounting & Auditing, Banking, Commerce & Finance and Entrepreneurship, Management, & Leadership subjects.
accounting policies appears in the definitions of the following terms: accounting practice, accounting control system, auditor's qualified opinion, summary of significant accounting policies (SSAP), accounting bases and accounting error
accounting policies appears in the other term:
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