A company's financial accounting policy-making in Lithuania

Abstract

There is presented the principal scheme of a company's accounting policy concept identifying the main elements in accounting policy-making process: internal and external determinants of accounting policy choice, accounting policy composition, accounting policy means and the goal. This complex view offers a much richer explanation for accounting policy-making. Research of accounting policy-making in Lithuanian companies showed the impact of normative acts and a company's determinants on accounting policy choice.