. . topic
map of accounting and auditing . .
concept > accounting concept > accounting subject > accounting theme > accounting policies
/ concept name
|full name / other names
Accounting principle, basis, method,
Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements.
Standards provide guidance on selection, application and
disclosure of accounting policies most appropriate to an
entity's particular circumstances for the purpose of
giving a true and fair view
|is the subject of
FRS 18 - Accounting Policies . IAS 8 -
Accounting Policies, Changes in Accounting Estimates and
principle . basis . rule
. method .
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This page was first published in
April 2002; last updated in June 2015.