The Synergy between the Professional Judgments, Creativity in Accounting and Accounting Policies

Abstract

This paper aims at studying the relationship between professional judgment, creativity in accounting, and the accounting policies transposed in a company’s business following the general strategy and its impact on performance. The harmonious application of the three concepts determines the attainment of the objectives considered by the company management. The study is based on the comparative approach of the results by analyzing the accounting treatments stipulated by the applicable laws, which become accounting policies in the architecture of the company policies manual.