Page 11 - Finac1 Test 1 slides - 3. Presentation of Financial Statements
P. 11

PRESENTATION OF FINANCIAL STATEMENTS




            General features of financial statements





            • It talks about fair presentation and compliance with


                IFRS.



            • It covers these definitions and issues:


                    • Going concern


                    • Accrual basis of accounting


                    • Materiality and aggregation


                    • Offsetting


                    • Frequency of reporting


                    • Comparative information

                    • Consistency of presentation







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