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9441302
AAS
Description
Corporations 4
No tags specified
accounting and finance
accounting and finance
grade 12
Mind Map by
FN Walton
, updated more than 1 year ago
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Created by
FN Walton
over 7 years ago
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Resource summary
AAS
What are they?
Sets out required accounting for different types of transactions and events
Provides Confidence
Maintain investor confidence by creating consistent reporting across reporting entities
Assists Directors
Company reports complies with AAS, the reports will adhere to The Framework
Directors obligated to report on resources and investments in a way that satisfies the qualitative characteristics
Protects Users
Reports will provide clear and useful information
Faithfully represent the company performance, liquidity and profitability
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