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Assessment Tools For Accounting Policy

Table 1:

Stage of evaluating the quality of the accounting policy Criteria for evaluating the quality of the accounting policy Indicators for evaluating the quality of the accounting policy Method of calculation
Evaluation of "General" criteria (Gc) - the assumption of property isolation-the assumption of continuity-the assumption of the sequence of application of the accounting policy – the assumption of temporary definiteness of facts of economic activities-the requirement of completeness-the requirement of timeliness- the requirement of discretion- requiring priority of content over form-the requirement of consistencythe requirement of rationality Co-coefficient of General qualitative criteria for evaluating the accounting policy; ∑Окi/∑i
Evaluation of "special" criteria (Sc) -recognition of assets- recognition of obligations- recognition of capital Cs-coefficient of special qualitative criteria for evaluating the accounting policy ∑Скi/∑i
Evaluation of the criterion of "compliance with legal requirements related to the formation of accounting policy". (Cl) -organizational and technical aspects-methodical aspects Claw-coefficient of qualitative criteria for evaluating the accounting policy of "compliance with legal requirements related to the formation of the accounting policy". ∑Вкi/∑i
Comprehensive assessment of the quality of the accounting policy C quality – a comprehensive indicator of qualitative assessment of the accounting policy C quality = (Co+ Cs+ Claw) /3
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