Substance over form: Difference between revisions
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== See also == | == See also == | ||
* [[Faithful representation]] | |||
* [[FRS 102]] | * [[FRS 102]] | ||
* [[Off balance sheet]] | * [[Off balance sheet]] | ||
Revision as of 15:26, 17 February 2019
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.)
Relevant accounting standards include Sections 2, 11, 12 and 23 of FRS 102.
