Substance over form: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
imported>Doug Williamson m (Typo add "(".) |
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The accounting principle that financial transactions and financial relationships are dealt with and presented in accordance with their commercial substance. | The accounting principle that financial transactions and financial relationships are dealt with and presented in accordance with their commercial substance. | ||
Even if this differs from the legal form of the transaction.) | (Even if this differs from the legal form of the transaction.) | ||
== See also == | == See also == | ||
* [[FRS 5]] | * [[FRS 5]] | ||
Revision as of 09:23, 4 August 2014
Accounting.
The accounting principle that financial transactions and financial relationships are dealt with and presented in accordance with their commercial substance.
(Even if this differs from the legal form of the transaction.)
