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Accruals & Prepayments

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  • 26-11-2012 6:27pm
    #1
    daheff
    Registered Users Posts: 5,853 ✭✭✭


    Hi

    Can somebody help me out with a general question?

    I'm looking to find which IAS/IFRS covers accruals & prepayments. I checked the list of them http://www.ifrs.com/StandardsList.pdf but couldnt easily see which ones cover these.

    little help?


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    #2
    ants09
    Registered Users Posts: 709 ✭✭✭ants09


    daheff wrote: »
    Hi

    Can somebody help me out with a general question?

    I'm looking to find which IAS/IFRS covers accruals & prepayments. I checked the list of them http://www.ifrs.com/StandardsList.pdf but couldnt easily see which ones cover these.

    little help?

    No specific starndard covers accruals & prepayments.

    but the frameword and ias 1 mentions it

    IAS 1 requires that an entity prepare its financial statements, except for cash flow information, using the accrual basis of accounting. [IAS 1.27]


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    #3
    daheff
    Registered Users Posts: 5,853 ✭✭✭daheff


    thanks ants09


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