Accounting policies are the procedures, rules and methods that are permitted within generally accepted accounting principles and standards which companies adopt and apply in preparing financial statements. It is up to management to choose accounting policies that are accordant with the companies goals, taking care that the financial statements need to present fairly and truthfully the financial position and results of companies business. Each of the offered methods within the standards, on which the company bases its accounting policy has a different impact on the financial statements. By applying one method and rejecting the other, different information can be sent to the users of those reports. One of information is the result of the business. Therefore, it is important to analyze the effects of each accounting policy on the business result. As the most important areas of application accounting policies are selected areas of fixed assets and depreciation, inventory calculation, value adjustment and write-off of receivables and revenue recognition. Through examples, it has been proven that in the short term there is an impact on the business result, but in the long period this impact does not exist, because the business result is transferred from one period to another.