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objectives of IFRS exam

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 chetan asked about 1 year ago

What is the objectives of IFRS exam ?

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1 Answers
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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Doel Mehra answered about 1 year ago

To meet this objective, financial statements provide information about an entity's:

  1. Assets
  2. liabilities
  3. Equity
  4. Income and expenses, including gains and losses
  5. Contributions by and distributions to owners in their capacity as owners and
  6. Cash flows.

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