Neutrality: Difference between revisions
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imported>Doug Williamson (Create page. Source: IAS Plus webpage https://www.iasplus.com/en/standards/other/framework) |
imported>Doug Williamson (Mend link.) |
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''Financial reporting.'' | ''Financial reporting - accounting concepts.'' | ||
In financial reporting, neutrality means avoiding bias of any kind. | In financial reporting, neutrality means avoiding bias of any kind. | ||
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== See also == | == See also == | ||
* [[Accruals accounting]] | |||
* [[Conceptual framework]] | * [[Conceptual framework]] | ||
* [[Faithful representation]] | * [[Faithful representation]] | ||
* [[Financial reporting]] | |||
* [[Neutral]] | |||
* [[Prudence]] | * [[Prudence]] | ||
* [[Relevance]] | * [[Relevance]] | ||
Latest revision as of 21:46, 24 March 2023
Financial reporting - accounting concepts.
In financial reporting, neutrality means avoiding bias of any kind.
Under the IFRS Conceptual Framework, neutrality is an essential component of 'faithful representation'.
In turn, a neutral representation is supported by prudence.
