Accounting Policy Documentation Template

1. Business issue and scope

Describe the transactions covered, exclusions, systems involved and the reason a documented policy is required.

2. Technical conclusion

Document definitions, recognition point, unit of account, measurement basis, subsequent measurement, derecognition and presentation.

3. Judgments and estimates

List key judgments, assumptions, data sources, sensitivities and circumstances that trigger reassessment.

4. Accounting entries and systems

Record the standard entry logic, source systems, interfaces, account codes, automated/manual steps and exception handling.

5. Close controls and evidence

Define control owner, frequency, evidence, reviewer and remediation process.

6. Financial-statement presentation and disclosure

Specify line items, note disclosures, disaggregation, comparative treatment and cross-references.

7. Change log