Tag - accounting policies

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How to develop an account policy

It is the most contradictory document in management accounting system. It is said to be an integral part of enterprise documentation, but in most cases hardly can we find it (remember, we are talking about the account policy in management accounting system), and if we succeed in finding it, it is rarely used at the enterprise. Let’s try another way. So, «Account policy» is a set of rules concerning accounting or management accounting, aimed at reaching the top level of transparency in...

Financial performance

First of all you need to consider whether you need them or not. To make it cleat financial performance is a ratio of one line from Balance sheet to another one or to the line from Profit and loss account. For those who blindly believe that the figures of financial performance will throw light on the real state of affairs, I will claim once again: Financial performance is not the magical figures enabling to realize, it is the result of the...