Overview

accounting manual


'accounting manual' can also refer to...

 

More Like This

Show all results sharing this subject:

  • Accounting

GO

Show Summary Details

Quick Reference

A document that gives details of a business’s accounting policies and procedures; it often includes a list of account codes or a chart of accounts. An example of an accounting policy would be the way in which the company treats depreciation, including the method selected and the useful economic life used for each asset type. The procedure would explain how to apply the policy; for example, how to work out the depreciation charge for the year, which is then debited to the profit and loss account and credited to the provision for depreciation. Other procedures relating to depreciation would show how to deal with both the revaluation of assets and the sale of assets.

Subjects: Accounting.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.