priyanka
03-12-07, 03:50 AM
Faithful representation is achieved by
Compliance with the definitions and recognition criteria for: Assets and liabilities, income and expenses
Application of IFRS additional disclosures when necessary
Selection of correct accounting policies
Proper presentation of relevant, reliable, comparable and understandable information
Compliance with the definitions and recognition criteria for: Assets and liabilities, income and expenses
Application of IFRS additional disclosures when necessary
Selection of correct accounting policies
Proper presentation of relevant, reliable, comparable and understandable information