FR: Chapter 6: A Conceptual & Regulatory framework скачать в хорошем качестве

FR: Chapter 6: A Conceptual & Regulatory framework

This video presents Chapter 6: A conceptual and regulatory framework for financial reporting, outlining the learning objectives and key concepts related to international accounting standards. The material explains the need for a regulatory framework, discussing the advantages and disadvantages of harmonising accounting practices globally, particularly concerning International Financial Reporting Standards (IFRS). It details the structure and roles of international regulatory bodies, such as the IFRS Foundation, the International Accounting Standards Board (The Board), and the International Sustainability Standards Board (ISSB®). Furthermore, the chapter thoroughly explains the concepts of a conceptual framework and the qualitative characteristics of financial information, including fundamental characteristics like relevance and faithful representation, and enhancing characteristics like comparability, verifiability, timeliness, and understandability.