Accounting principles and procedures (1) Flashcards
1
Q
What is a balance sheet?
A
2
Q
What is an profit and loss /income statement?
A
3
Q
What is cashflow statement?
A
4
Q
What is the IFRS 16?
A
It is a new standard for reporting leases
5
Q
What are the criteria to determine whether an agreement is a lease under IFRS 16?
A
- 2.
3.
6
Q
What is the role of an auditor?
A
