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Core principle-An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates. This IFRS shall apply to:
The objective of this Standard is to prescribe the basis for presentation of general purpose financial statements,to ensure comparability both with the entity’s financial statements of previous periods and with the financial statements of other entities. To achieve this objective,this Standard sets out overall requirements for the presentation of [...] Objective: To require the provision of information about the historical changes in cash and cash equivalents of an entity by means of a cash flow statement which classifies cash flows during the period from operating,investing and financing activities. Cash [...]
Objective: To prescribe the criteria for selecting and changing accounting policies,together with the accounting treatment and disclosure of changes in accounting policies,changes in accounting estimates and corrections of errors. The Standard is intended to enhance the relevance and [...]
Objective: To prescribe the following: (a) when an entity should adjust its financial statements for events after the balance sheet date;and (b) the disclosures that an entity should [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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