Accounting Policy Development

VIP SOLUTIONS CASE STUDY

BACKGROUND

A technology company did not have policies in place to govern and standardize its global accounting practices. 

OBJECTIVES

VIP Solutions Case Study

Define all relevant transactions of the company that have a financial reporting impact.

VIP Solutions Case Study

Define the company's interpretation of application of the respective accounting policy.

5

Formalize a process to document and maintain accounting policies.

SOLUTIONS

VIP Solutions Case Study

Assess transactions to determine required policies.

VIP Solutions Case Study

Document technical interpretation and application of the respective accounting guidance.

VIP Solutions Case Study

Identify policy owners.

VIP Solutions Case Study

Develop change management process.

Provided accounting teams with formalized guidance
to ensure transactions are consistently accounted for and
comply with GAAP.