Accounting Policy Emerges as Powerful Management Tool, Shaping Financial Decisions
Accounting policy has become crucial for businesses, influencing financial statements and decisions made by investors. It is a key tool for managing a company's financial and operational activities, shaped by its structure and industry-specific factors. The quality of information produced by a company is directly linked to its accounting policy. This policy also plays a role in forming internal control systems and managing accounting and tax risks within an organization.