International Financial ReportingStandards : A Practical Guide, Sixth Edition

Van Greuning, Hennie ; Scott, Darrel ; Terblanche, Simonet

World Bank

关键词: ACCELERATED DEPRECIATION;    ACCOUNTING;    ACCOUNTING STANDARDS;    ACCOUNTS RECEIVABLE;    ACTIVE MARKET;   

DOI  :  10.1596/978-0-8213-8428-2
RP-ID  :  60807

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

An acceptable coherent framework offundamental accounting principles is essential for preparingfinancial statements. The major reasons for providing theframework are to: 1) identify the essential conceptsunderlying the preparation and presentation of financialstatements; 2) guide standard setters in developing newaccounting standards and reviewing existing standards; 3)assist preparers in preparing financial statements anddealing with topics that are not covered by a specificInternational Financial Reporting Standard (IFRS); 4) assistauditors in forming an opinion as to whether a set offinancial statements conforms with IFRS; and 5) assist usersin interpreting the financial information contained in a setof financial statements that comply with IFRS. The frameworksets guidelines and should not be seen as a constitution;nothing in the framework overrides any specific standard.The objective of financial statements is to provideinformation about the financial position (statement offinancial position), performance (statement of comprehensiveincome), and changes in financial position (statement ofcash flows) of an entity that is useful to a wide range ofusers in making economic decisions. Users of financialinformation include present and potential capital providers,employees, lenders, suppliers, customers, and thegovernment. Financial statements also show the results ofmanagement's stewardship of the resources entrusted to it.