Transcription of Conceptual Framework for Financial Reporting
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Conceptual Framework Conceptual Framework for Financial Reporting Conceptual Framework for Financial Reporting was issued by the International Accounting Standards Board in September 2010. It was revised in March 2018. IFRS Foundation A13. Conceptual Framework CONTENTS. from paragraph STATUS AND PURPOSE OF THE Conceptual Framework CHAPTER 1 THE OBJECTIVE OF GENERAL PURPOSE. Financial Reporting . INTRODUCTION OBJECTIVE, USEFULNESS AND LIMITATIONS OF GENERAL PURPOSE. Financial Reporting INFORMATION ABOUT A Reporting ENTITY'S ECONOMIC RESOURCES, CLAIMS AGAINST THE ENTITY AND CHANGES IN RESOURCES AND. CLAIMS Economic resources and claims Changes in economic resources and claims Financial performance reflected by accrual accounting Financial performance reflected by past cash flows Changes in economic resources and claims not resulting from Financial performance INFORMATION ABOUT USE OF THE ENTITY'S ECONOMIC RESOURCES CHAPTER 2 qualitative characteristics OF USEFUL.
Conceptual Framework. Other aspects of the . Conceptual Framework —the qualitative characteristics of, and the cost constraint on, useful financial information, a reporting entity concept, elements of financial statements, recognition and derecognition, measurement, presentation and disclosure — flow logically from the objective.
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