Accounting policy order

Builder of key policy clauses — methods, thresholds, rules

Parameters

Company name

FA depreciation

Inventory valuation

Low-value threshold

FX rates

Order text

ORDER No.__ dated __.__.____
Accounting policy of ТОВ «Приклад»

1. Fixed assets are depreciated by the straight-line method over useful life. Residual value is set at commissioning.
2. Inventory issue is valued by FIFO.
3. Low-value assets under 5000 are expensed on commissioning.
4. Monetary foreign-currency items are revalued at the NBU rate at transaction and balance dates.
5. Inventory count is performed annually before year-end reporting.

The accounting policy is approved by order and applied consistently. Changes require justification and normally take effect from the start of the year.