Companies should never change the presentation or classification of items in their financial statements, even if there is a significant change in the nature of operations.
举一反三
- A company can change its inventory costing method without mentioning this change in its financial statements because it is an internal management decision. ( )
- “Harmony with nature” advocates that people should arrange their activities according to the change of the natural environment. （ ）
- 中国大学MOOC: Recognition is the process of including within the financial statements items which meet the definition of an element according to the lASBsConceptual Framework for Financial Reporting.Which of the following items should be recognised as an asset in the statement of financial position of a company?
- Which of the following statements about the low-income countries is NOT true A: All of them handled their debt responsibly. B: They have to get involved in the IMF programs. C: They should change their economies. D: They should improve their financial and banking systems.
- What items should be included in the presentation?