Conceptual Framework for Financial Reporting



Yüklə 322,5 Kb.
Pdf görüntüsü
səhifə64/65
tarix04.10.2022
ölçüsü322,5 Kb.
#64509
1   ...   57   58   59   60   61   62   63   64   65
conceptual-framework-for-financial-reporting

potential to produce
economic benefits
Within an economic resource, a feature that
already exists and that, in at least one circum-
stance, would produce for the entity economic
benefits beyond those available to all other parties.
CF.4.14
primary users (of
general purpose
financial reports)
Existing and potential investors, lenders and other
creditors.
CF.1.2
prudence
The exercise of caution when making judgements
under conditions of uncertainty. The exercise of
prudence means that assets and income are not
overstated and liabilities and expenses are not
understated. Equally, the exercise of prudence does
not allow for the understatement of assets or
income or the overstatement of liabilities or
expenses.
CF.2.16
recognition
The process of capturing for inclusion in the
statement of financial position or the statement(s)
of financial performance an item that meets the
definition of one of the elements of financial
statements—an asset, a liability, equity, income or
expenses. Recognition involves depicting the item in
one of those statements—either alone or in aggrega-
tion with other items—in words and by a monetary
amount, and including that amount in one or more
totals in that statement.
CF.5.1
reporting entity
An entity that is required, or chooses, to prepare
general purpose financial statements.
CF.3.10
unconsolidated
financial statements
Financial statements of a reporting entity that is the
parent alone.
CF.3.11
unit of account
The right or the group of rights, the obligation or
the group of obligations, or the group of rights and
obligations, to which recognition criteria and
measurement concepts are applied.
CF.4.48

Yüklə 322,5 Kb.

Dostları ilə paylaş:
1   ...   57   58   59   60   61   62   63   64   65




Verilənlər bazası müəlliflik hüququ ilə müdafiə olunur ©azkurs.org 2024
rəhbərliyinə müraciət

gir | qeydiyyatdan keç
    Ana səhifə


yükləyin