Indirect method and Public Interest Entity: Difference between pages

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imported>Doug Williamson
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''Cashflow statements''.
''Financial reporting and governance''.


In relation to a Cashflow statement, starting with a reported profit/(loss) figure and then adjusting it to calculate the net cash movement.
(PIE).


(The alternative Direct method of presentation shows all the main categories of gross cash receipts and payments explicitly.)
A Public Interest Entity is an undertaking that is of significant public relevance because of the nature of its business, its size or the number of its employees.


 
The financial audits of PIEs are subject to stricter regulation than audits of other entities, because of the relevance of the undertaking to the public.
The indirect method is more widely used in external financial reporting.




== See also ==
== See also ==
* [[Cashflow statement]]
* [[Audit]]
* [[Direct method]]
* [[Financial reporting]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Cash_management]]

Revision as of 16:30, 10 July 2018

Financial reporting and governance.

(PIE).

A Public Interest Entity is an undertaking that is of significant public relevance because of the nature of its business, its size or the number of its employees.

The financial audits of PIEs are subject to stricter regulation than audits of other entities, because of the relevance of the undertaking to the public.


See also

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