• financial bodies
    FINANCIAL BODIES HEADS Minister of Corporate Affairs Lt. Sachin Pilot.Analysis of the data on Ratio: Ratio analysis is one of the techniques of financial analysis to evaluate the financial condition and performance of a business concern. Simply, ratio means the comparison of one figure to other...
    Premium 4507 Words 19 Pages
  • Conceptual Framework
    FRAMEWORK FOR THE PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS PURPOSE AND STATUS OF THE FRAMEWORK The FRSC Framework for the Preparation and Presentation of Financial Statements describes the basic concepts by which financial statements are prepared. The Framework serves as a guide to the...
    Premium 2116 Words 10 Pages
  • Ias1
    word(s) best described by the statements below: 1. The financial report that shows the reporting entity’s economic resources and claims. 2. Refers to the ability of the business to raise cash to meet unexpected cash requirements. 3. Refers to the capacity of financial information to make a difference...
    Premium 1661 Words 9 Pages
  • Intermediate Accounting 7e by Spiceland TB
      This is a sample chapter Chapter 01 Environment and Theoretical Structure of Financial Accounting   True / False Questions   1. The primary function of financial accounting is to provide relevant financial information to parties external to business enterprises.    True    False   2. ...
    Premium 16581 Words 107 Pages
  • Regulatory and Conceptual Framework
    and regulatory framework of financial reporting. In order to do this I will look at the objective of financial statements, identify the users of financial statements, explain the conceptual framework for financial reporting, look at the regulatory framework for financial accounting and finally look at...
    Premium 2908 Words 9 Pages
  • The Iasb Have
    framework for the type of qualitative characteristics financial statements should contain. This framework was developed so as to enhance the meaningfulness of financial statements for a range of different users. There are four primary qualitative characteristics: 1. Understandability 2. Comparability ...
    Premium 427 Words 2 Pages
  • Analysis of Myer Holdings Limited
     ACCG224: Intermediate Financial Accounting Case study (Myer Holdings Limited) Lecturer: Tas Nair Prepared by: ZENG FAN Student ID: 43140505 Contents 1. Contents 1 Executive Summary The purpose of this research report is to understand of...
    Premium 1875 Words 16 Pages
  • BUS103 Chapter 1
    True    False   2. Return on investment is the same as return of investment.  True    False   3. The IRS tax return is one of the primary financial statements.  True    False   4. Management accounting refers to the preparation and use of accounting information designed to meet the needs of decision...
    Premium 18046 Words 97 Pages
  • Advanced Corporate Reporting
    required to prepare its financial report based on IASB framework and it is so useful for different types of users to evaluate the financial performance of the reporting entity and make suitable decisions. In this essay, the usefulness of conceptual framework in preparing of financial report will be discussed...
    Premium 1764 Words 6 Pages
  • The Conceptual Framework for Financial Reporting
    Conceptual Framework The Conceptual Framework for Financial Reporting The Conceptual Framework was issued by the IASB in September 2010. It superseded the Framework for the Preparation and Presentation of Financial Statements. © IFRS Foundation A21 Conceptual Framework CONTENTS paragraphs...
    Premium 11738 Words 45 Pages
  • Financial Accounting
    Qualitative Characteristics Of Accounting Information 3 2.1 Primary Qualities 3 (a) Relevance 3 - 4 (b) Reliability 4 2.2 Secondary Qualities 4 - 5 (a) Comparability 5 (b) Consistency 5 3.0 Assessment of relevance 6 3.1 Statement Of Comprehensive Income 6 3.2 Statement Of Financial...
    Premium 2813 Words 11 Pages
  • Conceptional Framework
    Statement of Financial Accounting Concepts No. 8 September 2010 Conceptual Framework for Financial Reporting Chapter 1, The Objective of General Purpose Financial Reporting, and Chapter 3, Qualitative Characteristics of Useful Financial Information a replacement of FASB Concepts Statements No....
    Premium 12508 Words 40 Pages
  • Conceptual Framework for Financial Reporting
    FRAMEWORK FOR FINANCIAL REPORTING SCOPE OF THE FRAMEWORK The existing framework deals with the ■ Objectives of financial statements; ■ Qualitative characteristics of financial statements; ■ Elements of financial statements; ■ Underlying Assumptions; ■ Recognition of the elements of financial statements; ...
    Premium 1226 Words 5 Pages
  • Qualitative Characteristic of Accounting Information in the Financial Statements
    TABLE OF CONTENTS CONTENT PAGE NUMBER INTRODUCTION 3-4 EXTERNAL USERS 4-5 FEEDBACK VALUES CHARACTERISTICS 6-7 FORECAST VALUES CHARACTERISTICS 7-9 SUMMARY 9-10 REFERENCES 11 ...
    Premium 2692 Words 10 Pages
  • 4 Principal of Qualitative Characteristic
    4 PRINCIPAL OF QUALITATIVE CHARACTERISTIC Understandability An essential quality of the information provided in financial statements is that it is readily understandable by users. For this purpose, users are assumed to have a reasonable knowledge of business and economic activities and accounting and...
    Premium 1853 Words 6 Pages
  • Conceptual
    International Accounting Standards Board in September 2010. It changes the standards of financial reporting after issued. In now, IASB also currently in the process of updating the conceptual framework, provide a greatest financial reporting standard to every users. as this assignment can know that how conceptual...
    Premium 1381 Words 5 Pages
  • ki'nfd
    Valuation using Financial Statements* SEMINAR *15 hours - 3 creditsSundar VenkateshSyllabusProfessor: Dr. Sundar Venkatesh e-mail : svenkat@ait.ac.thFaculty coordinator:1. Seminar Objectives Financial Statement Analysis involves a three-phase approach: 1. Understanding: - The economic characteristics and current...
    Premium 690 Words 3 Pages
  • Acct2011 Lecture Week 1
    of ACCT2011 Institutional and Conceptual Framework for Financial Reporting Week 1 Lecture Schedule of weekly topics › UoS Outline Assessment › Mid-semester test (7 Sep 2013) 40% 60% › Final exam (final exam period) ACCT2011 Financial Accounting A Dr Eagle Zhang › Please note: You must achieve...
    Premium 2140 Words 14 Pages
  • Conceptual Framework
    Framework © IFRS Foundation A21 The Conceptual Framework for Financial Reporting The Conceptual Framework was issued by the IASB i n September 2010. It superseded the Framework for the Preparation and Presentation of Financial Statements. Conceptual Framework A22 © IFRS Foundation CONTENTS paragraphs ...
    Premium 11691 Words 38 Pages
  • Implementation of Ias in Bangladesh
    Framework (1989): Framework for the Preparation and Presentation of Financial Statements (the Framework) was published by IASC in July 1989 and adopted by the IASB in April 2001. Conceptual Framework 2010: Conceptual Framework for Financial Reporting 2010 (the IFRS Framework) approved by the IASB in September...
    Premium 1545 Words 7 Pages