Financial Policy Development Policy
Best-Practice Steps for Creating Company Financial Policies
The guidelines in this policy can be used by organizations looking to develop new and revise existing financial policy statements.
According to this sample, a company’s financial policy should be created as a continuing directive, which outlines a course or method of action. The intent of these policies should be to influence and guide both present and future decision-making to be in line with the philosophy, objectives and strategic plans established by a company’s executive management in addition to compliance with regulatory reporting requirements. In addition, this policy states that financial policies should be created and maintained at two different levels within the organization.