Management Accounting vs Financial Accounting
Purpose of Accounting
User groups / interests / need information about
User needs of information
Two purposes of financial accounting
Why global accounting standards
Benefits
Objective of IASB
Use of IFRS in the world
Use of IFRS in Europe
Use of IFRS in Switzerland
China
India
Japan
US
IFRS Bodies
The Monitoring Board
main responsibilities
members
The IFRS Foundation Trustees
The IASB (Board)
IFRS Interpretations Committee
IFRS Advisory Council
IFRS (The law itself)
Basics of IFRS
Conceptual framework
Purpose
Actual Framework
The objective of general purpose financial reporting
The qualitative characteristics of useful financial information
Financial Statement and the reporting entity
Definitions of an asset, a liability, equity, income and expenses and guidance supporting these definitions
Criteria for including assets and liabilities in financial statements (recognition) and guidance on when to remove them (derecognition);
Measurement bases and guidance on when to use them
Concepts and guidance on presentation and disclosure
Concepts of capital and capital maintenance
Zuletzt geändertvor einem Monat
