Details: scope of work for the finance & accounts manual 1. manual should clearly specify the following aspects related to finance & accounts: a. financial responsibilities: organisation chart delegation of authority corporate structure reserves policy director's interests segregation of duties b. accountir.g system: general information ove: all accounting system design general ledger transactions general ledger closing procedures document storage and retention policy data backup and recovery c. financial accounting policies under ind as: basis of preparation current verses non-current classification property, plant and equipment intangible assets depreciation and amortization borrowing costs impairment of non-financial assets inventories revenue recognition foreign currencies income taxes employee benefits leases provisions, contingent liabilities & assets. cash & cash equivalent. fair value of financial assets government grants. segment reporting financial instruments impairment of financial
Sector: Defense