Page 41 - Finac1 Test 1 slides
P. 41

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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