Слайд 2Fundamentals of IFRS. Gradual replacement IAS (International Accounting Standards) on IFRS.
Purpose –
![Fundamentals of IFRS. Gradual replacement IAS (International Accounting Standards) on IFRS. Purpose](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/867024/slide-1.jpg)
Introduction clear (transparent) financial information for investors (actual and potential)
Слайд 3Transparency of financial reporting.
The primary purpose of the financial statements
To provide fair
![Transparency of financial reporting. The primary purpose of the financial statements To](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/867024/slide-2.jpg)
presentation of:
financial position,
financial condition.
cash flows.
Fair presentation:
fair presentation due to useful information (full disclosure),
fair presentation means transparent.
Secondary objectives of the financial statements :
Fix the transparency through fair presentation of useful information (full disclosure) for decision-making purposes.
Слайд 4Signs of useful information
The relevance:
pithiness
Importance
Reliability:
Fair representation
Substance over form
Objectiveness
Caution
Completeness
Comparability
Comprehensibility
Interconnectivity
Timeliness
Benefits and costs:
balance of quality
![Signs of useful information The relevance: pithiness Importance Reliability: Fair representation Substance](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/867024/slide-3.jpg)
characteristics