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International Financial Reporting Standards A Practical Guide, Sixth Edition by Greuning, Hennie van; Scott, Darrel; Terblanche, Simonet is a book available to read on EtoBox.

What is International Financial Reporting Standards A Practical Guide, Sixth Edition about?

<p>An acceptable coherent framework of fundamental accounting principles is essential for preparing financial statements. The major reasons for providing the framework are to: 1) identify the essential concepts underlying the preparation and presentation of financial statements; 2) guide standard setters in developing new accounting standards and reviewing existing standards; 3) assist preparers in preparing financial statements and dealing with topics that are not covered by a specific International Financial Reporting Standard (IFRS); 4) assist auditors in forming an opinion as to whether a set of financial statements conforms with IFRS; and 5) assist users in interpreting the financial information contained in a set of financial statements that comply with IFRS. The framework sets guidelines and should not be seen as a constitution; nothing in the framework overrides any specific standard. The objective of financial statements is to provide information about the financial position (statement of financial position), performance (statement of comprehensive income), and changes in financial position (statement of cash flows) of an entity that is useful to a wide range of users in m

Author

Greuning, Hennie van; Scott, Darrel; Terblanche, Simonet

Publisher

The world bank; World Bank Publications

Published

2011

Language

EN

ISBN

9786613065988

Subjects

Business, Management, Accounting