An accounting manual should provide answers to questions, instruction to accounting personnel,
and provide the means to apply consistent reporting of business transactions. The document
must be useful and, more importantly, used. Therefore, it should be organized, complete, and
It should be available to all who need or think they need it. Certainly, the accounting staff needs
the manual. Also, managers, and others who submit accounting data should have the manual
available to them.
It should always be current. A plan or method for updating policies with changes, additions, or
deletions to the document is a must.