Revenue recognition
When and how sales are recorded.
All policies & documentation services
Policies & Documentation
Finance and Accounting Policies
FinAura writes the finance and accounting policies your company works to: how revenue and expenses are recognised, what is capitalised and how assets are depreciated, when provisions are made, who approves what, and how the month is closed. Each policy fits your accounting standards and your actual practice, and is short enough to be used.
- Written for your company, not templates
- Drafting support, ready for legal review
- Bangalore and across India
What is covered
What Finance and Accounting Policies Covers
The rules behind your numbers, written down.
Capitalisation
What becomes an asset.
Depreciation
Methods and useful lives.
Provisions
Bonuses, doubtful debts, warranties.
Approvals
Linked to the authority matrix.
Close calendar
Who does what by when.
How the month runs
How It Works
Review, draft, approve, train.
Step 1
Review
- Current practice
- Standards that apply
- Audit points
Step 2
Draft
- Policies
- Examples
- Forms
Step 3
Approve
- Management review
- Board approval
- Effective date
Step 4
Train
- Finance team
- Approvers
- Annual review
Your part
What We Need From You
- 01Current financial statements and notes
- 02Auditor's comments
- 03How you work today
- 04Approval limits
Our part
What You Get
- A policy manual that fits your business
- Consistent accounting across periods
- Fewer audit questions
- A reference for new joiners
A common question
Why write accounting policies down?
Because without them, the same transaction is treated differently by different people, numbers shift from month to month and the auditor has to ask why.
Written policies, consistent with the accounting standards, make results comparable and decisions defensible.
See the delegation of authority matrixPracticeFollowed consistently
PoliciesFitted to you
StandardsAS or Ind AS
Who it is for
Who It Is For
Growing companies
Several people posting entries.
Companies with audit points
Inconsistent treatment.
Startups after funding
Investor expectations.
Groups
One policy across entities.
The rules, in plain English
What the Law Says
Accounting Standards
AS 1 / Ind AS 1 and 8
Significant accounting policies are disclosed in the financial statements and applied consistently; changes are made only for good reason and disclosed.
Official source: icai.orgCompanies Act, 2013
Section 134(5)
Directors of listed companies report that internal financial controls are adequate and operating; documented policies and procedures are the evidence.
Official source: mca.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Finance and Accounting Policies: Questions, Answered
What should a finance policy manual include?
Revenue and expense recognition, capitalisation and depreciation, provisions, inventory valuation where relevant, approvals, payments and the close process.
Do policies need board approval?
Significant accounting policies are disclosed in the financial statements; internal finance policies are usually approved by management or the board.
How often are policies reviewed?
Once a year, and whenever accounting standards or the business change.
Are they aligned with Ind AS?
They follow the framework you report under, AS or Ind AS.
Often Taken Together
All 11 Policies & Documentation services01Policies & DocumentationDelegation of Authority MatrixWho can approve what, up to how much, written down and built into your systems.02Policies & DocumentationSOP DocumentationStep-by-step procedures for finance, admin and operations, with forms and checklists, written with the people who do the work.03Policies & DocumentationExpense, Travel and Procurement PoliciesLimits, approvals and documentation rules that stop arguments before they start.04Accounting & FinanceAccounting & BookkeepingClean, current books every month, reviewed by a Chartered Accountant.05Systems & ControlsInternal Audit & ControlsInternal audit, controls design and testing, SOP and process implementation.