Free market and Neutrality: Difference between pages
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'' | ''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. | |||
== See also == | == See also == | ||
* [[ | * [[Accruals accounting]] | ||
* [[ | * [[Conceptual framework]] | ||
* [[ | * [[Faithful representation]] | ||
* [[ | * [[Financial reporting]] | ||
* [[ | * [[Neutral]] | ||
* [[ | * [[Prudence]] | ||
* [[ | * [[Relevance]] | ||
* [[ | * [[Substance over form]] | ||
* [[ | * [[Useful financial information]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
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.