Substance over form: Difference between revisions
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[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 09:37, 13 March 2019
Accounting.
The accounting principle that financial transactions and financial relationships are dealt with and presented in accordance with their commercial substance.
(Even if this differs from the legal form of the transaction.)
Relevant accounting standards include Sections 2, 11, 12 and 23 of FRS 102.
