True and fair view: Difference between revisions
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imported>Doug Williamson (Add definition. Source: Linked pages) |
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''Financial reporting - accounting concepts.'' | 1. ''Financial reporting - accounting concepts.'' | ||
By law financial statements must give a 'true and fair view'. | By law financial statements must give a 'true and fair view'. | ||
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This phrase is undefined but depends upon both the application of generally accepted accounting principles and the exercise of judgement. | This phrase is undefined but depends upon both the application of generally accepted accounting principles and the exercise of judgement. | ||
2. ''Other reporting - environmental concerns.'' | |||
Similar principles in other reporting contexts. | |||
For example, the true and fair reporting of greenhouse gas emissions under the Greenhouse Gas Protocol. | |||
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* [[Disaggregation]] | * [[Disaggregation]] | ||
* [[Generally accepted accounting principles]] | * [[Generally accepted accounting principles]] | ||
* [[GHG inventory]] | |||
* [[Going concern]] | * [[Going concern]] | ||
* [[Greenhouse Gas Protocol]] | |||
* [[Judgement]] | * [[Judgement]] | ||
* [[Prudence]] | * [[Prudence]] | ||
Revision as of 23:34, 2 August 2021
1. Financial reporting - accounting concepts.
By law financial statements must give a 'true and fair view'.
This phrase is undefined but depends upon both the application of generally accepted accounting principles and the exercise of judgement.
2. Other reporting - environmental concerns.
Similar principles in other reporting contexts.
For example, the true and fair reporting of greenhouse gas emissions under the Greenhouse Gas Protocol.
