Statements in C++

Output estimation – is done at the cost of purchasing them or at cost of production, in those cases where their cost does not change long exercise period. (Specific identification method)

36

For inventories, the cost of purchasing and producing them varies during the exercise period, an assumption is made about the order of inventory sales (cost flow).

For each case of inventory output the cost of inventory sold, or used, by one of the methods:

63

– Average cost estimate;

– Fifed rating.

Recognition as an Expenditure

When inventories come out their carried value (purchase cost or production), rated as above, should be recognized as an expense I the period when inventory brings in sales revenue regardless of when

MMs are taken or rights are born in relation to them.

The estimate on the date of the Accounting Balance is made with the most value small, between cost (accounting value) and net value of feasible.

The net realizable value of inventories takes into account:

I more complete evidence (egg price movements, changes in cost after the end of the period, etc.)

. The purpose for which the inventory was held

When VNR <VI, for the difference this recording is made:

Depreciation costs to Discount from inventory When Inventories are subject to a closed contract and when inventory condition is sufficient to realize the contract, reflected in the balance sheet with the contract price (i.e. regardless of the selling price in the market when the contract price is less than the cost).  The Role of Financial Statements 2. The conceptual framework and its need3. Generally accepted accounting principles (PPPK) and the conceptual framework 4. Conceptual Framework for Preparation and Presentation of Financial statements 5. Expanding and structuring the Conceptual Framework

6. Published PF users and their need for information 7. Responsibility for the preparation and presentation of the PF publishable.

 Composition of Financial Statements, Notes and additional PF statements (annexes)

9. Basic assumptions of PF construction and qualitative characteristics of PF information 10. Components of PF 11. Recognition of the elements of Financial Statements 12. Evaluation of PF elements 13. International Accounting Standardization 14. Design bodies of IAS (IAS) and regulation international accounting.

15. Current accounting developments

Attempts to standardize – are determined by the role of these PF Duke Their role is shown in:

. Providing information on

. Financial situation

. Financial performance

. Changes in financial condition

. Provide information on management results and responsibility his

Jane Serve as legal document – dividend determination, taxes, etc.

P PF information – should be addressed to everyone users – not just a separate group of you

For the preparation of accounting standards it is necessary to a reference base is possessed, which will determine the main rules on which the drafting of accounting standards will be based.

2. A) Meaning

A conceptual framework in the field of accounting is a reflection of generally accepted theoretical principles which form one reference framework for financial reporting.

 These theoretical principles are important because they provide the basis for developing new accounting standards and evaluating those that already exist.

Why need KL.

To ensure that chaotic accounting regulation is avoided.

To avoid drafting PF based on very detailed rules and specific and not in basic principles. Serves as support for those who set standards against pressure political by various “lobbying groups” and stakeholders. PP PPPK means all rules, regardless of their source, which serve to guide accounting. Based on this definition, for one certain place they can be said to consist mainly of a combination of:

To avoid drafting PF based on very detailed rules and specific and not in basic principles. Serves as support for those who set standards against pressure political by various “lobbying groups” and stakeholders. PP PPPK means all rules, regardless of their source, which serve to guide accounting. Based on this definition, for one certain place they can be said to consist mainly of a combination of:

 National corporate law

 National accounting standards

 Local stock exchange requirements

But the concept given above for PP PK, without denying that the three sources of above are the basis of PP PK for each particular country, is wider and also includes as sources:

But the concept given above for PP PK, without denying that the three sources of above are the basis of PP PK for each particular country, is wider and also includes as sources:

 International accounting standards

 Statutory requirements in other states.

But these latter sources are classified as non-binding from the point of view of authority to be enforced.

 Defining “generally acceptable”. PP PK and a conceptual framework A conceptual framework for financial reporting can be defined as one efforts to codify existing PP PK in order to reassess current accounting standards and produce other standards

 National corporate law

 National accounting standards

 Local stock exchange requirements

But the concept given above for PPPK, without denying that the three sources of above are the basis of PPPK for each particular country, is wider and also includes as sources:

 International accounting standards

 Statutory requirements in other states.

But these latter sources are classified as non-binding from the point of view of authority to be enforced.

 Defining “generally acceptable”. PPPK and a conceptual framework a conceptual framework for financial reporting can be defined as one efforts to codify existing PPPK in order to reassess current accounting standards and produce other standards.

So according to the definition made above the framework conceptual of IAS presents a set of rules, e basic accounting concepts, agreements e other basic principles which aim to assist in the process of drafting and reviewing accounting standards of construction and presentation of PF published.

 The purpose of the MA

Seth The purpose of the Conceptual Framework is to help:

Hart drafting bodies of accounting regulations in the review of existing standards and in the creation of new standards,  we minimize accounting treatment alternatives in the preparation of PF,  drafters and auditors in the construction and audit of PF, Eustis users in terms of PF information.

 The conceptual framework also serves to facilitate e enabled the interpretation of the implementation of IAS (IFRS) in cases of concrete problems

  Assists auditors in auditing PF.

b) PF objective

In the conceptual framework of IAS it is determined who it is

PF objective: is to provide information on the position financial, performance, and position changes enterprise finance, which is useful for a range wide of users in making financial decisions.

But it should be noted that PFs provide information needs of most users, but not all.

Posted in C++

admin

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Functions

Wed Apr 1 , 2020

You May Like