Neutrality: Difference between revisions
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== See also == | == See also == | ||
* [[Accruals acconting]] | |||
* [[Conceptual framework]] | * [[Conceptual framework]] | ||
* [[Faithful representation]] | * [[Faithful representation]] | ||
Revision as of 13:58, 13 March 2021
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.
