... Amendment to International Public
Sector Accounting Standard ― Financial
Reporting Under the Cash Basis of Accounting
Financial Reporting Under
the Cash Basis of
Accounting ―
Disclosure
Requirements ... information, contact permissions@ifac.org
FINANCIAL REPORTING UNDER THE CASH BASIS OF ACCOUNTING ―
E
NCOURAGED ADDITIONAL DISCLOSURES
27
Financial Reporting un...
... under IAS 40 and the
fair value model is adopted (the required model for operating leases under IAS 40), then separate
measurement is not required. Under IAS 40, property held by a lessee under ...
Practical Insight
RHI AG, an Austrian entity, states in its 2003 financial statements that the move to
International Financial Reporting Standards (IFRS) has increased the openin...
... for in-
vestigating and explaining the variances in their budgets. Employees and managers
must understand the impact that missing budget targets can have on an organization.
SUPPORT ENABLERS
The ... questions that should be answered regarding the training
of your employees:
• Do the employees understand their jobs and the standards that they are expected
to meet?
• Are there sufficient resour...
... The problem of reporting financial data useful for readers in most of the countries and
languages is receiving considerable attention with the implementation of the new financial
reporting standards ... analyses of usefulness of
this reporting. The characteristic formulation of accounting and financial information is to obtain a
common language in reporting financial data, c...
... Guide to International
Financial Reporting Standards
September 2009
Overview
In an increasingly interconnected global economy, ... Internation-
al Accounting Standards Board (IASB) adopted the first iteration of International
Financial Reporting Standards (IFRS) to serve as a possible pathway for establish-
ing uniform global ... IFRS. For
example, lending agreements would need to be...
... four financial assets categories. The
loans and receivables category does not exist under US GAAP. IAS 39 Financial
Instruments: Recognition and Measurement defines loans and receivables as financial ... Presentation of Financial Statements
http://www.iasb.org/NR/rdonlyres/80B373BF-BB16-45AB-B3F7-8385CD4979EA/0/IAS1.pdf
Incorporating International Financial...
... for
reducing the incidence of fraudulent financial reporting.
Participants in the Financial Reporting Process
The responsibility for reliable financial reporting resides first and foremost at ... changes, the financial reporting system will change. As fraudulent financial reporting likewise
evolves, so must counter responses. The Commission urges all participants in the f...