Relevance and Reverse mentoring: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Create page. Source: IAS Plus webpage https://www.iasplus.com/en/standards/other/framework)
 
imported>Doug Williamson
(Create page - source - The Treasurer - 2022 Issue 4 - p18.)
 
Line 1: Line 1:
''Financial reporting.''
''Working effectively with others - mentoring.''


Under the IFRS Conceptual Framework, relevant financial information means information that is capable of making a difference in the decisions made by users.  
A situation in which a younger - or less experienced - individual transfers information or skills to a more senior person.




Financial information is capable of making a difference in decisions if it has:
==See also==
*[[Coach]]
*[[European Mentoring & Coaching Council]]
*[[Mentee]]
*[[Mentor]]
*[[Mentoring]]
*[[Reciprocal mentoring]]
*[[Working effectively with others]]


*Predictive value
*Confirmatory value or
*Both.


==The ACT's Mentor Me scheme==


The predictive value and confirmatory value of financial information are interrelated.
The ACT runs a mentoring matching service for its members and students.


[https://www.treasurers.org/cpd/mentoring Mentor Me]


Information must be both relevant and faithfully represented, if it is to be useful.
[[Category:Influencing]]
 
[[Category:Self_management_and_accountability]]
 
[[Category:Working_effectively_with_others]]
== See also ==
[[Category:Knowledge_and_information_management]]
* [[Conceptual framework]]
[[Category:The_business_context]]
* [[Faithful representation]]
[[Category:Identify_and_assess_risks]]
* [[Useful financial information]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Latest revision as of 20:20, 2 December 2022

Working effectively with others - mentoring.

A situation in which a younger - or less experienced - individual transfers information or skills to a more senior person.


See also


The ACT's Mentor Me scheme

The ACT runs a mentoring matching service for its members and students.

Mentor Me