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Definition of

accounting policies

Accounting

options for financial reporting the specific accounting methods selected and consistently followed by an entity as being, in the opinion of the management, appropriate to its circumstances and best suited to present fairly its results and financial position. For example, from the various possible methods of depreciation, the accounting policy may be to use straight line depreciation.

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Definitions of ’accounting policies’ and meaning of ’accounting policies’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accounting policies’ and other financial terms with our online QFINANCE Financial Dictionary.

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