The Goal Of Finanical Accounting Flashcards
1
Q
What is the point of everything they are teaching you?
A
So that I can present financial statements in a way that is fair and helpful to help them grow while according to IFRS for the sake of viewing
2
Q
How can you do this work quickly?
A
You do the main things and leave the small things where you can
3
Q
What are all the accounting topics you need to keep in your mind?
A
Word:
- the reason for doing accounting
- the conceptual framework
- events after reporting period
- IAS 37 Provisions, contingent liabilities, contingent Assets
- whole bunch of other stuff
