This report provides details on the main concepts of capital maintenance, qualitative characteristics of financial statements, and the concept of materiality. It also explains the terms 'first IFRS reporting period' and 'date of transition' as defined by IFRS1. Additionally, it covers the requirements of IFRS1 and the specifications of IFRS16 for recognizing, analyzing, summarizing, and disclosing leases.

Dive into the complexities of global finance with 'APC311 International Financial Reporting', covering key standards and practices for professionals.

International Financial Reporting | Desklib

APC311 International Financial Reporting

This document provides a comprehensive study material on International Financial Reporting. It covers topics such as IASB's conceptual framework, assumptions of financial statements, capital maintenance, qualitative characteristics of financial statements, and more. It also includes solutions to questions on IFRS1 and IFRS16. Suitable for students studying finance and accounting. Course code and college/university not mentioned.

Finance

International Financial Reporting

This document provides an overview of International Financial Reporting and its relevance in formulating financial statements. It discusses the main purpose of IASB's conceptual framework, assumptions for preparation of financial statements, concept of capital maintenance, qualitative characteristics of financial statements, and the concept of materiality in financial reporting. It also includes information on IFRS 1 and how leases should be accounted for in financial statements for lessees.

This document provides an overview of international financial reporting, including the IASB’s Conceptual Framework, first-time adoption of IFRS, and lease accounting. It discusses the main purposes of the Conceptual Framework, the assumption underlying the preparation of financial statements, the concepts of capital maintenance, and the qualitative characteristics of financial statements. It also explores the concept of materiality in financial reporting and explains the terms 'first IFRS reporting period' and 'date of transition'. The document further covers the requirements of IFRS1 for Prisca Plc and provides information on lease accounting and the calculation of the interest rate implicit for the lease.

Religion

Economics

International Financial Reporting: Conceptual Framework, First Time Adoption, Lease

This report compares the new framework with the 1989 IASB framework on preparation and presentation of financial statements. It also discusses the use of fair values in financial statements and the qualitative characteristics.

APC311 International Financial Reporting

About This Document

International Financial Reporting

International Financial Reporting

International Financial Reporting: Conceptual Framework, First Time Adoption, Lease

Advanced Financial Reporting: Comparison of New Framework with 1989 IASB Framework

Financial Statement Analysis Assignment : IASB

Financial Reporting Sample Assignment

APC311 International Financial Reporting

About This Document

International Financial Reportinglg...

International Financial Reportinglg...

International Financial Reporting: Conceptual Framework, First Time Adoption, Leaselg...

Advanced Financial Reporting: Comparison of New Framework with 1989 IASB Frameworklg...

Financial Statement Analysis Assignment : IASBlg...

Financial Reporting Sample Assignmentlg...

International Financial Reporting

International Financial Reporting

International Financial Reporting: Conceptual Framework, First Time Adoption, Lease

Advanced Financial Reporting: Comparison of New Framework with 1989 IASB Framework

Financial Statement Analysis Assignment : IASB

Financial Reporting Sample Assignment