meaning of accounting policies

accounting policies meaning in Law Dictionary

the principles that help manage an organization's economic statements. They've been revealed in yearly financial statements. Refer to summary of segnificant accounting policies.

accounting policies meaning in Business Dictionary

Principles, rules and treatments chosen, and regularly followed, because of the handling of an organization (the bookkeeping entity) in preparing and stating the economic statements. Accounting policies deal especially with matters such as consolidation of accounts, decline techniques, goodwill, inventory rates, and analysis and development expenses. Bookkeeping guidelines needs to be disclosed when you look at the yearly financial statements. See also summary of considerable accounting policies.