QUOTE(littlediana @ Dec 9 2007, 02:28 PM)
for f7
what is that standard that says if there is a standard follow a std/interpretation?
is is IAS 1 or IAS 8????
is it IAS 8???
need help here hehe
thanks
it is IAS 8... by mys is FRS 108 accounting , change in account estimate and policy ...what is that standard that says if there is a standard follow a std/interpretation?
is is IAS 1 or IAS 8????
is it IAS 8???
need help here hehe
thanks
i think ...
as FRS 101 is presentation of financial statement it juz a mere statement of wat should be present in bs , pl , cf and etc ....
but i don really understand ur question
but FRS 108 says tat if there is a more suitable , measurable std to follow it should be followed , and the change should be consistant and disclose in financial statement , e.g like .. cash flow .. if the company hav the mean to convert indirect method to direct method it should be follow as direct method shows a more detail financial situation of org ...