Financial Policy Development Policy

The purpose of this policy is to establish guidelines for the development of new and revision of existing financial policy statements for a company.

According to this example, 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.