Presentation of Financial Statements参考.pptVIP

Purpose To prescribe the basis for presentation of general-purpose financial statements, in order to ensure comparability. General-purpose financial statements are those which are not tailored to meet specific information needs of users. Concepts applied Accruals effects of transactions and events are recognised when they occur, not when cash is received or paid for them. Going concern Consistency of presentation Materiality and aggregation Offsetting Comparative information A complete set of financial statements A statement of financial position Either A statement of comprehensive income, or