Developing accounting policies
Every entity keeping books of account must have up-to-date accounting policy documentation — Article 10 of the Polish Accounting Act. We draft it to be a working tool, not dead paperwork.
What we develop
- the definition of the financial year and reporting periods,
- methods of measuring assets and liabilities and determining the financial result — matched to the specifics of the business (including long-term contracts, real estate development activity and EU-funded projects),
- the company chart of accounts, together with rules for recording typical transactions,
- the list of books of account and a description of the data processing system,
- rules for protecting accounting data and records,
- legally permitted simplifications that genuinely reduce the workload.
Who is it for
- companies and entrepreneurs starting to keep full books of account,
- entities changing their accounting principles (conversions, new lines of business, IAS/IFRS),
- public finance sector entities,
- non-governmental organisations.
Content oversight: Dr Jacek Kalinowski —
expert of the Polish Accounting Standards Committee and co-author of a commentary on the
Polish Accounting Act.
Let's talk about your organisation
Audit, accounting, advisory or training — write to us and we will come back with a specific proposal.