Developing an accounting policy

Every company, according to the Accounting Act, should have an accounting policy, i.e. specific rules
and practices adopted in a given company. These affect the future view of the company's assets and
financial position, as well as its financial performance.

Price from: PLN 1000 net

The price of developing the accounting policy depends on the size of the company, the complexity of business operations and the type of business. In order to receive a detailed price estimation please send your company data to the e-mail address: biuro@misp-modzelewski.pl (in the title of the e-mail please write Developing an accounting policy) or contact us by phone on number 12 422 42 55.

After receiving your e-mail we will contact you within 48 hours on business days.

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The service we offer is based on the analysis of the specificity of the business and the company size, and then the selection of appropriate and personalized rules.

Within the framework of the developed accounting policy we will prepare:

– list of synthetic and analytical accounts adjusted to the specificity of conducted business activity together with the rules of their application,

– rules for valuation of assets and liabilities, including provisions, and rules for updating assets,

– principles of detailed records of tangible current assets (to the extent left to the choice of the legislator),

– principles of recording, settling and calculating costs within the solutions provided by the Accounting Act,

– optimum variant of the profit and loss account adjusted to the type of business,

– templates of the elements of financial statements,

– changes in the current accounting policy adjusted to the changes in accounting regulations and changes in the profile of company’s activity, as well as to the current requirements (e.g. managerial) for reporting.

Well-developed accounting policy fulfills an extremely important role: it is the basis for reliable accounting of the company.

ATTENTION!

Lack of accounting policy in a company is against the law.

From the provisions of the Accounting Act it follows that every company should have documentation describing the accounting principles (policy) adopted by it. Additionally this document should be periodically verified and updated. According to art. 77 of the Accounting Act a manager of a company, who does not establish written accounting principles (policy), is guilty of keeping the books in violation of the Act, and therefore is subject to a fine or imprisonment for up to 2 years, or both these penalties jointly.