Search results with tag "Basis of accounting"
Presentation of Financial Statements— Going Concern ...
www.fasb.orgbasis of accounting. Under GAAP, an entity applies the going concern basis of accounting unless and until its liquidation becomes imminent, at which time the entity applies the liquidation basis of accounting in accordance with Subtopic 205-30. Under IFRS, disclosures are required when management is aware of material
Fifth Edition Handbook for GEORGIA COUNTY …
www.accg.orgFund Accounting 379 Financial Reporting Following GASB Statement 34 382 Fund-Level Financial Reporting—Government-wide Financial Reporting GASB Statement 45 384 Basis of Accounting 384 The Accrual Basis of Accounting—The Modified Accrual Basis of Accounting Chapter 17. Financial Policies 389 Myra L. Byrd and Virgil Moon
INTERNATIONAL ACCOUNTING STANDARDS
www.cambridgeinternational.orgGoing concern – the presumption is that the entity will not cease trading in the foreseeable future. (This is generally taken to mean within the next 12 months) . • Accrual basis of accounting – with the exception of the statement of cash flows, the information is