The Accounting Policy Manual covers the common accounting requirements and practices. It is intended only to provide an example of wording that might be used in an Accounting Policy Manual. This sample wording can be helpful in generating ideas for developing a manual for your own company. However, accounting policies should be drafted as appropriate and as necessary to accurately reflect your company’s accounting standards. (50 pages, 10334 words)
The purpose of this Accounting Policy Manual is to document the principles and policies governing your company’s accounting practices. The principles and policies provide:
When consistently applied throughout the company, these principles and policies assure that the various financial statements issued by the company accurately reflect the results of the company’s operations. Internal controls provide a system of checks and balances intended to identify irregularities, prevent waste, fraud and abuse from occurring, and assist in resolving discrepancies that are accidentally introduced in the operations of the business.
All additional departmental or functional policies and procedures written should conform to and parallel the policies in this manual. All changes to policies and procedures are required to be reviewed to ensure that there are no conflicts with the policies stated in the Accounting Policy Manual. This policy manual covers:
ACCOUNTING DEPARTMENT ORGANIZATION CHART
MANAGEMENT ACCOUNTING POLICY
RESPONSIBILITY, AUTHORITY, AND COMMUNICATION
ETHICAL BUSINESS CONDUCT
ACCOUNTING MANAGEMENT SYSTEM
BASIS OF ACCOUNTING
PROCESSES AND CONTROLS
PROVISION OF RESOURCES
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