Dutch auction and Neutrality: Difference between pages

Revision as of 21:46, 24 March 2023

Financial reporting - accounting concepts.

In financial reporting, neutrality means avoiding bias of any kind.

Under the IFRS Conceptual Framework, neutrality is an essential component of 'faithful representation'.

In turn, a neutral representation is supported by prudence.

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-Dutch auctions use a bidding process that starts with a high price and continues to lower the price until all the available shares or units have been sold.
+''Financial reporting - accounting concepts.''
-Usually done on a sealed bid basis and all buyers pay the same price.
+In financial reporting, neutrality means avoiding bias of any kind.
-Also known as a descending price auction.
+Under the IFRS Conceptual Framework, neutrality is an essential component of 'faithful representation'.
+In turn, a neutral representation is supported by prudence.
 == See also ==
-* [[Open outcry]]
+* [[Accruals accounting]]
+* [[Conceptual framework]]
+* [[Faithful representation]]
+* [[Financial reporting]]
+* [[Neutral]]
+* [[Prudence]]
+* [[Relevance]]
+* [[Substance over form]]
+* [[Useful financial information]]
+[[Category:Accounting,_tax_and_regulation]]