Conceptual Framework for Financial Reporting

useful financial
information
Financial information that is useful to primary
users of general purpose financial reports in
making decisions relating to providing resources to
the reporting entity. To be useful, financial
information must be relevant and faithfully
represent what it purports to represent.
CF.1.2,
CF.2.4
continued...
Conceptual Framework
© IFRS Foundation
A95

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...continued
users (of general
purpose financial
reports)
See primary users (of general purpose financial
reports).
–
Conceptual Framework
A96
© IFRS Foundation

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Approval by the Board of the Conceptual Framework for Financial
Reporting issued in March 2018 
The Conceptual Framework for Financial Reporting was approved for issue by 13 of the
14 members of the International Accounting Standards Board. Ms Tarca abstained in view
of her recent appointment to the Board.
Hans Hoogervorst
Chairman
Suzanne Lloyd
Vice-Chair
Nick Anderson
Martin Edelmann
Françoise Flores
Amaro Luiz De Oliveira Gomes
Gary Kabureck
Jianqiao Lu
Takatsugu Ochi
Darrel Scott
Thomas Scott
Chungwoo Suh
Ann Tarca
Mary Tokar
Conceptual Framework
© IFRS Foundation
A97

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