By Bpp Learning Media
That includes examiner-reviewed research Texts and perform & Revision Kits, this identify comprises interactive learn instruments that offer you with the cloth you wish for examination luck.
Read Online or Download ACCA - F7 Financial Reporting (INT): Study Text PDF
Similar nonfiction_3 books
As optical personality popularity (OCR) starts off to discover functions starting from shop checkout scanners to money-changing machines and postal method automation, it has turn into some of the most dynamic parts in info technology this present day. but few volumes discover this data-oriented strategy with out depending seriously on mathematical historical past studying.
- Lectures on mean periodic functions
- Superintendent Battle 3 Towards Zero
- Implementing NICE Guidance: A Practical Handbook for Professionals
- Good Governance for Digital Policies: How to Get the Most Out of ICT. The Case of Spain's Plan Avanz
Additional resources for ACCA - F7 Financial Reporting (INT): Study Text
A) Property, plant and equipment are classified by class as described in IAS 16, Property, plant and equipment F7 Financial reporting ⏐ 3: Presentation of published financial statements 39 (b) Receivables are analysed between amounts receivable from trade customers, other members of the group, receivables from related parties, prepayments and other amounts (c) Inventories are sub-classified, in accordance with IAS 2 Inventories, into classifications such as merchandise, production supplies, materials, work in progress and finished goods Provisions are analysed showing separately provisions for employee benefit costs and any other items classified in a manner appropriate to the entity's operations Equity capital and reserves are analysed showing separately the various classes of paid in capital, share premium and reserves (d) (e) The standard then lists some specific disclosures which must be made, either on the face of the statement of financial position or in the related notes.
24 2: The regulatory framework ⏐ F7 Financial reporting International Financial Reporting Interpretations Committee. The IFRIC provides timely guidance on the application and interpretation of International Financial Reporting Standards. It deals with newly identified financial reporting issues not specifically addressed in IFRSs, or issues where unsatisfactory or conflicting interpretations have developed, or seem likely to develop. 5 Other international influences There are a few other international bodies worth mentioning.
Many countries do not have strong independent accountancy or business bodies which would press for better standards and greater harmonisation. 8 The IASB and current accounting standards The IASB's predecessor body, the IASC, had issued 41 International Accounting Standards (IASs) and on 1 April 2001 the IASB adopted all of these standards and now issues its own International Financial Reporting Standards (IFRSs). So far eight new IFRSs have been issued. 9 The IASB and FASB The IASB is currently involved in a joint project with the FASB (Financial Accounting Standards Board) to develop a common conceptual framework This would provide a sound foundation for developing future accounting standards.
ACCA - F7 Financial Reporting (INT): Study Text by Bpp Learning Media