Accounting Policy elaboration

  2. Formulating the accountancy policy:
  3. - aid in preparing the chart of synthetic and analytical accounts,
  4. - establishing the rules for assets and liabilities valuation,
  5. - creating the records and cost calculation,
  6. - selecting appropriate option of the profit and loss statement,
  7. - establishing the rules for the classification of economic events, and
  8. - adapting the binding accountancy policy to the changes of the business activity
  9.   and the accounting regulations.