publication . Article . Other literature type . 2016

Several Aspects of the Conceptual Framework of Financial Reporting

Kvatashidze, Nadezhda;
Open Access English
  • Published: 02 Mar 2016
Abstract
The conceptual framework of International Financial Reporting Standards determines the basic principles of accounting. The said principles have multiple applications, with professional judgments being one of those. Recognition and assessment of the information contained in financial reporting, especially so the somewhat uncertain events and transactions and/or the ones regarding which there is no standard or interpretation are based on professional judgments. Professional judgments aim at the formulation of expert assumptions regarding the specifics of the circumstances and events to be entered into the report based on the conceptual framework terms and principl...
Subjects
free text keywords: Conceptual Framework for financial reporting, Qualitative characteristics of financial information, Professional judgement, Cost constraints, Financial reporting.
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Article . 2016
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Zenodo
Other literature type . 2016
Provider: Datacite
Zenodo
Other literature type . 2016
Provider: Datacite
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publication . Article . Other literature type . 2016

Several Aspects of the Conceptual Framework of Financial Reporting

Kvatashidze, Nadezhda;