January 2013
Intermediate to advanced
544 pages
16h 35m
English
book
Accounting for Managers: Interpreting Accounting Information for Decision-Making, Canadian Edition
by Paul M. Collier, Sandy M. Kizan, Eckhard Schumann
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CHAPTER 4
Constructing Financial Reports: IFRS and the Framework of Accounting
LEARNING OBJECTIVES
After reading this chapter, you should be able to answer the following questions:
What is management's basic responsibility regarding a company's financial statements?
What parties are generally considered to be the external users of a company's financial statements?
What are the objectives, elements, and qualitative characteristics of financial statements?
How is accrual accounting applied in the recording of prepayments accruals, provisions, and depreciation?
The chapter begins with a discussion of the International Financial Reporting Standards (IFRS) and the Conceptual Framework for Financial Reporting; the latter sets out the concepts underlying the preparation and presentation of financial statements for external users. The chapter then introduces each of the principal financial statements: the statement of comprehensive income, the statement of financial position, the statement of changes in equity, and the statement of cash flows. It offers examples of the matching principle ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.