AASB 6: Inconsistencies with Conceptual Framework
VerifiedAI Summary
This report analyzes the extent of the AASB 6 rule developed for definition and recognition of assets in meeting the criteria established by the framework. It compares the AASB 6 rules with that of AASB framework specified for recognition of financial elements and evaluates the inconstancies present between them for identification of future scope of improvement.