Accounting Policies Definition

Below please find a definition of “Accounting Policies”

Financial Analysis Training & Glossary TermsAccounting Policies: As the name simply suggests, the policies and procedures that a firm follow while preparing its financial statements are termed as accounting policies. Often times, external accountants are hired to review a firm’s financial statements and it is important for them to make sure that the statements conform to the accounting principles as stated in the company policies.

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