Corporate, Commercial Law and Dispute Resolution · Contracts, Commercial Law and Transactions
Accounting policy consultation helps a company determine whether its written accounting rules match the way transactions are actually recorded and reported for tax purposes. A clear policy supports consistent financial reporting and gives the business a documented basis for accounting choices during a tax inspection.
Purpose of an Accounting Policy
An accounting policy sets the methods used for assets, liabilities, income, expenses, reserves and recurring transactions. The document should reflect the company's business model, tax system and internal accounting processes rather than rely on a generic template.
Why Review Is Useful
Review may be needed after changes in legislation, business expansion, reorganisation or the introduction of new types of transactions. Gaps between the policy and actual accounting practice can create questions when financial and tax records are compared.
Development Process
analyse the company's activities and existing accounting system;
identify the accounting methods that require formal definition;
document rules for assets, liabilities, income, expenses and reserves;
explain how the policy should be implemented by the accounting team;
review the policy before a tax inspection where necessary.
Accounting policy implementation should result in a document that the finance team can apply consistently in day-to-day reporting. Alignment between written rules and actual accounting practice reduces ambiguity and strengthens the company's position during tax control.
Why is it better with us?
The principal activities of the UBC group of companies are consulting, financial and investment services, search and selection of investors for business and attraction of loans, purchase and sale of established businesses in Ukraine, Europe and other countries, IT services, and development of commercial real estate in Ukraine and abroad. For the development of your business: registration of enterprises in Ukraine, ready-made companies in the EU, registration of companies in England and other countries, corporate law, offshore jurisdictions and offshore companies, business consulting, audit, certification, registration of LLCs, registration of financial companies, asset management companies, mutual investment funds, registration of joint-stock companies, issue of securities and bonds, and support for foreign investment.
The continuously expanding range of regional and foreign partners directly helps resolve our clients’ issues when conducting business both in Ukraine and abroad.
We are always focused on the result you need and will do everything to achieve it within the required timeframe, taking your wishes and requirements into detailed account! Why is it better to start business in Ukraine with UBC? The answer is simple - we have much more practical experience, resources and opportunities.
Price: Accounting Policy Consultation for Tax Reporting