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imported>Doug Williamson |
imported>Doug Williamson |
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| ''Financial reporting - accounting concepts.'' | | People's Bank of China. |
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| Under the IFRS Conceptual Framework, faithful representation means representation of the substance of an economic phenomenon instead of representation of its legal form only.
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| A faithful representation seeks to maximise the underlying characteristics of completeness, neutrality and freedom from error.
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| Information must be both relevant and faithfully represented, if it is to be useful.
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| == See also == | | == See also == |
| * [[Conceptual framework]] | | * [[PROC]] |
| * [[Neutrality]] | | * [[Renminbi]] |
| * [[Relevance]]
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| * [[Substance over form]]
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| * [[True and fair view]]
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| * [[Useful financial information]]
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| [[Category:Accounting,_tax_and_regulation]]
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Revision as of 08:44, 16 April 2014
People's Bank of China.
See also