The IFRS Framework
Scope
The IFRS Framework addresses:
- the objective of financial reporting
- the qualitative characteristics of useful financial information
- the reporting entity
- the definition, recognition and measurement of the elements from which financial statements are constructed
- concepts of capital and capital maintenance
[IFRS Framework, Scope]
Chapter 1: The Objective of general purpose financial reporting
The primary users of general purpose financial reporting are present and potential investo...
