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PAS 1 Presentation of FS: Intermediate Accounting Lecture 1 PDF

3 Pages·2020·English
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by ['Io Aya']| 2020| 3 pages| English

About PAS 1 Presentation of FS: Intermediate Accounting Lecture 1

The document discusses key concepts from PAS 1 regarding the presentation of financial statements under Philippine Financial Reporting Standards. It outlines the objectives and scope of PAS 1, defines the key components of financial statements, and explains overall considerations such as fair presentation, going concern basis, accrual basis of accounting, consistency, materiality, and offsetting. It also provides mnemonics to help remember the overall considerations. Finally, it provides a brief definition of generally accepted accounting principles.

Detailed Information

Author:['Io Aya']
Publication Year:2020
Pages:3
Language:English
Format:PDF
Price:FREE
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