CPD and Faithful representation: Difference between pages

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imported>Doug Williamson
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1.  
''Financial reporting - accounting concepts.''


Continuing Professional Development.
Under the IFRS Conceptual Framework, faithful representation means representation of the substance of an economic phenomenon instead of representation of its legal form only.


A faithful representation seeks to maximise the underlying characteristics of completeness, neutrality and freedom from error.


2. ''US.''


Commissioner of the Public Debt.
Information must be both relevant and faithfully represented, if it is to be useful.




== See also ==
== See also ==
* [[Continuing professional development]]
* [[Conceptual framework]]
* [[Commissioner of the Public Debt]]
* [[Neutrality]]
* [[Relevance]]
* [[Substance over form]]
* [[True and fair view]]
* [[Useful financial information]]


 
[[Category:Accounting,_tax_and_regulation]]
==Other links==
[http://www.treasurers.org/cpd/cycle Introducing the ACT's CPD cycle]
 
[https://www.treasurers.org/hub/treasurer-magazine/what-is-the-future-shape-of-learning-and-qualifications What is the future shape of learning and qualifications, The Treasurer, February 2020]
 
[[Category:Ethics]]

Revision as of 01:05, 16 April 2023

Financial reporting - accounting concepts.

Under the IFRS Conceptual Framework, faithful representation means representation of the substance of an economic phenomenon instead of representation of its legal form only.

A faithful representation seeks to maximise the underlying characteristics of completeness, neutrality and freedom from error.


Information must be both relevant and faithfully represented, if it is to be useful.


See also