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
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.
SOLUTIONS
Assess transactions to determine required policies.
Document technical interpretation and application of the respective accounting guidance.
Identify policy owners.
Develop change management process.
Provided accounting teams with formalized guidance
to ensure transactions are consistently accounted for and
comply with GAAP.
to ensure transactions are consistently accounted for and
comply with GAAP.