The publication is meant to introduce students to general accounting principles and the disclosure requirements of financial statements prepared in accordance with International Financial Reporting Standards (IFRS). Terminology and concepts implemented in the revised standards and interpretations issued by the IASB are applied. The publication follows an approach whereby principles are illustrated by way of questions and solutions. Self-study is encouraged by the inclusion of questions for which the solutions are available to lecturers of prescribing institutions only. Questions become progressively more difficult, thereby gradually broadening the student’s understanding of the principles involved. We would like to extend a word of gratitude to the publishers for their willingness to participate in this contribution to the accounting field.
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