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1 – The Architecture of IFRS Financial Statements: Principles Before Standards General principles financial statements – Financial statements under IFRS are often approached as a collection of standards: IAS 1 for presentation, IAS 7 for cash flows, IFRS 15 for revenue, IFRS 16 for leases, IFRS 9 for financial instruments. In practice, however, this standards-first … Read more
Why business continuity is a governance judgment, not an accounting assumption Topics show Why business continuity is a governance judgment, not an accounting assumption 1. Going concern: from accounting premise to governance judgment 2. Why going concern failures are rarely technical failures 3. The dangerous comfort of minimum compliance 4. Cash: not a balance, but … Read more
FS Close documentation and PBC files as two distinct pillars of financial reporting governance Topics show FS Close documentation and PBC files as two distinct pillars of financial reporting governance Introduction – why this topic matters more than ever 1. The financial close as a governance event 2. FS Close file versus PBC file – … Read more