VIP SOLUTIONS CASE STUDY
A technology company did not have policies in place to govern and standardize its global accounting practices.
Define all relevant transactions of the company that have a financial reporting impact.
Define the company's interpretation of application of the respective accounting policy.
Formalize a process to document and maintain accounting policies.
Assess transactions to determine required policies.
Document technical interpretation and application of the respective accounting guidance.
Identify policy owners.
Develop change management process.