Accounting principles and compliance

Accounting Policy –
a solid financial foundation
for your company

Lacking a current accounting policy is a risk during inspections and audits. I create clear, regulation-compliant accounting principles – tailored to the specifics of your business.

✉ Book a free consultation ▶ How does it work?

No obligation • 20 minutes • quick assessment

Compliance with the Accounting Act

Tailored to IFRS / Polish GAAP

Implementation and team training

Polityka rachunkowości JMFC – tworzenie zasad Jakub Marszałek

Jakub Marszałek | Certified Auditor · Accounting policies for companies of any size

20+

Years of experience

100+

Policies developed

100%

Regulatory compliance

2–4

Weeks to complete

When do you need an accounting policy?

Typical situations that require action

An accounting policy is a statutory obligation – but above all a tool that protects the company during inspections and audits.

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No accounting policy

The company has no formal accounting principles, or the last version is several years old and outdated.

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Change of legal form or scale

The company changed its legal form, joined a capital group or grew significantly – existing principles need updating.

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Switch to IFRS

A stock exchange debut or the entry of a foreign investor requires adapting the accounting policy to IFRS standards.

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Upcoming audit

The external auditor asks for the accounting policy – you want to ensure the document is complete and compliant.

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Official inspection

The tax office or FSA has announced an inspection – the accounting policy is one of the first documents they ask for.

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New sector or business line

The company is entering a new activity (e.g. leasing, financial instruments) requiring specialised valuation and recognition principles.

How do we create the accounting policy?

Four stages – from analysis to implementation

A professional accounting policy is not a template – it is a document tailored to your company.

Week 1

Needs analysis

I learn the company's specifics, sector, structure and current principles. I identify gaps and areas requiring regulation.

Weeks 1–2

Developing principles

I create an accounting policy compliant with the Accounting Act and/or IFRS, taking into account the specifics of the business.

Weeks 2–3

Review and adjustment

I consult the draft with you and your accounting firm. I introduce corrections and adapt to the company's processes.

Weeks 3–4

Implementation and training

I help implement the policy and optionally train the finance team in the practical application of the principles.

What does the accounting policy contain?

What does the service cover?

✓

Asset and liability valuation principles (fixed assets, inventories, receivables)

✓

Depreciation methods and impairment principles

✓

Revenue and cost recognition principles

✓

Lease policy (IFRS 16 or IAS 17)

✓

Financial instrument recognition principles

✓

Tax policy – deferred tax

✓

Foreign currency and exchange difference principles

✓

Year-end closing and financial statement preparation procedures

Do you need an accounting policy compliant with current regulations?

Book a free call – I will assess the current state and propose a scope of work.

✉ Book a free consultation 📞 +48 502 960 170

No obligation • 20 minutes • quick assessment

Why JMFC?

What sets our accounting policies apart?

An accounting policy written by a certified auditor is a document that will withstand an audit and inspection.

🛡️

Compliance guaranteed by an auditor

I know what questions the auditor asks and what the tax authority verifies. Your accounting policy will be inspection-proof.

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Tailored to your company, not a template

I don't copy generic patterns. The policy is written for your company, your sector and your processes.

📚

Training included

Optionally I train your finance team in the practical application of the principles – so the document is used, not shelved.

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Updates when regulations change

Accounting law changes. We can establish ongoing cooperation to keep the policy always up to date.

FAQ

Frequently asked questions

Is an accounting policy mandatory?▾

Yes. The Accounting Act obliges every entity keeping full accounts to have an accounting policy. The absence of a document or its outdatedness is a risk during an inspection.

How long does it take to develop an accounting policy?▾

Typically 2–4 weeks. The time depends on the complexity of the business and scope – simpler service companies faster, companies with leasing or financial instruments require more time.

Do you update existing accounting policies?▾

Yes. I review the existing document and identify gaps, outdated entries and areas requiring supplementation – and then update it.

Does the policy also cover tax principles?▾

An accounting policy concerns accounting principles. At the client's request I can include references to tax principles and deferred tax.

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