CONSISTENCY AND PRESENTATION OF FINANCIAL STATEMENTIn preparing and presenting a financial statement an entity is espected to be consistent. Consistency...
IFRS Guide
IAS 1 and Comparative informationIn the preparation of financial statement an entity is required to disclosed comparative information in respect...
STATEMENT OF CASH FLOW--A COMPONENT OF FINAL ACCOUNTStatement of cash flow is part of a financial statements that shows the...
20 ITEMS THAT MUST BE RECORDED IN A STATEMENT OF FINANCIAL POSITIONA statement of financial position is a component of...
IAS1-GENERAL PURPOSE FINANCIAL STATEMENT 2The previous article defined a general purpose financial statements and mention three important users of this...
IAS 1-GENERAL PURPOSE FINANCIAL STATEMENTAccording to International Accounting Standard (IAS)1, General purpose financial statements (also referred to as ‘financial statements’)...
Accounting to dictionary.com the world impracticable means a particular event or activity can not be adapted for use or...
Accountants do not joke with reporting periods. In fact, to prepare and present a financial statement, reporting period is...
A business is said to be a going concern if t reasonably certain that the business will be in...
Offsetting is defined by dictionary.com as something that counterbalances, counteracts, or compensates for something else; compensating equivalent. On the...
