Free market and Neutrality: Difference between pages

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''Economics.''
''Financial reporting - accounting concepts.''


A free market is an economy - or part of an economy - where resources are allocated by the market by means of the market mechanism.
In financial reporting, neutrality means avoiding bias of any kind.


Relatively free markets are an essential element of capitalism.
 
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 ==
* [[Capitalism]]
* [[Accruals accounting]]
* [[Competition]]
* [[Conceptual framework]]
* [[Efficient market]]
* [[Faithful representation]]
* [[Fair market]]
* [[Financial reporting]]
* [[Four freedoms]]
* [[Neutral]]
* [[Fully planned economy]]
* [[Prudence]]
* [[Market mechanism]]
* [[Relevance]]
* [[Mixed economy]]
* [[Substance over form]]
* [[Orderly market]]
* [[Useful financial information]]
* [[Regulation]]
* [[Thatcherism]]


[[Category:Corporate_finance]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Long_term_funding]]

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.


See also