ACCA FR Syllabus A. The Conceptual And Regulatory Framework - Comparability - Notes 8 / 8
Comparability is fundamental to assessing the performance of an entity
Analysing trends needs the accounts to have been prepared on a comparable (consistent) basis
Comparability is improved by:
Consistent accounting policies
Different policies may be necessary though to be more relevant and reliable
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Syllabus A. The Conceptual And Regulatory Framework
A1. The Need For A Conceptual Framework
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Recognition and recognition criteria
Syllabus A. The Conceptual And Regulatory Framework
A2. Recognition And Measurement