Ifrs For Dummies Pdf
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Ifrs Pdf 2018
This detailed guide is intended to assist preparers and users of financial statements to understand the impact of IFRS 15 and includes a high-level executive summary of the new requirements, followed by a specific focus on the important issues and choices available for entities on transition to the new Standard. IFRS For Dummies Steven Collings on Amazon.com.FREE. shipping on qualifying offers. The easy way to get a grip on International Reporting Standards IFRS For Dummies is your complete introduction to IFRS and international accounting and balancing standards. Combining all the facts needed to understand this complex subject with useful examples.
Ifrs For Dummies Steven Collings
IFRS financial statements come in various shapes and sizes, but they all have certain features in common. Information in IFRS financial statements has these characteristics:
Relevance: So that it makes a difference to the decisions about a company made by users of the statements.
Faithful representation: Financial statements are complete and free from bias and error.
Comparability: You can compare financial statements from one period to the next or for two companies in the same industry so that you can make informed decisions about the companies.
Verifiability:Different people could reach the same decision based on the information, but not necessarily reach complete agreement.
Timeliness: You make information available to users in good time. Historical information quickly becomes out of date.
Understandability: You present and classify information clearly and concisely to make it understandable to users.