Faithful representation! Three examples discussed
Faithful representation is a key characteristic of useful information. Here I discuss three potential examples of how this principle impacts on the way that financial instruments are accounted and why a parent has to prepare consolidated financial statements.
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Thank you for teaching us accounting. I was so afraid of accounting and then I found your resources. I am very greatful to you.
@tomclendonaccasbronlinelec7226
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You are so welcome! Nice to help
I learnt the classic examples of faithful representation i .e. substances over form. Thank you sir