Question

Example of an example of an accounting policies

Answer 1

Explanation:

Accounting policies can be used to legally manipulate earnings. For example, companies are allowed to value inventory using the average cost, first in first out (FIFO), or last in first out (LIFO) methods of accounting.

Answer 2

Answer:

Another simple example of accounting policy is about inventories. Those policies will include what method the company uses to measure its inventories. It could be a weighted average or FIFO. The way how to entity control and manage its inventories.