Accounting Policy elaboration
- Formulating the accountancy policy:
- - aid in preparing the chart of synthetic and analytical accounts,
- - establishing the rules for assets and liabilities valuation,
- - creating the records and cost calculation,
- - selecting appropriate option of the profit and loss statement,
- - establishing the rules for the classification of economic events, and
- - adapting the binding accountancy policy to the changes of the business activity
- and the accounting regulations.
