PPT-Financial Reporting Framework

for Small and MediumSized Entities FRF for SMEs Accounting Framework Name of presenter Audience Date Americas Main Street businesses Small and mediumsized entities pervade the business world . 124 Effective for audits of 64257nancial statements for periods ending on or after December 15 2012 Introduction Scope of This Section 01 This section addresses circumstances in which an auditor practicing in the United States is engaged to report o The Conceptual Frame work is applicable for the preparation and presentation of financial statements in accor dance with MFRS framework or FRS framework brPage 2br Conceptual Framework IFRS Foundation CONTENTS paragraphs THE CONCEPTUAL FRAMEWORK FOR RICHARD G. SCHROEDER . MYRTLE W. CLARK . JACK M. CATHEY. THEORY . AND. ANALYSIS: . TEXT AND CASES. 11. TH. EDITION. Chapter 2. The Pursuit of the Conceptual Framework. Introduction. What is the conceptual framework?. Ian Ball. Chairman, CIPFA International. Japan IMF Sub Acc. Outline. Session objective. Context. Key changes. The conceptual framework. Implementation and marketing. Current status. Session Objective. Stathis Gould. PAIB and Integrated Reporting Lead. IFAC. South Asian Federation of Accountants / IFAC PAIB Forum. Mumbai, 23 April 2016. Credit: The . New Yorker. Sustainable Organizations, Markets, Economies. The conceptual framework of accounting. The objective of financial reporting, underlying assumption, and constraint. The objective of financial reporting. Underlying assumption. Cost constraint. Elements of financial statements. Intermediate. Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 2. Describe . the usefulness of a conceptual . framework.. Describe . efforts to construct a . conceptual framework.. Understand . Indicate the usefulness and describe the main components of a conceptual framework for financial reporting.. Identify the qualitative characteristics of accounting information.. Define the basic elements of financial statements.. Consolidated . Expenditure Reporting . Evolve Financial Reporting Program Overview. OBI Consolidated Expenditure Reporting (CER) . Dashboard Demo. Transitioning to OBI CER. 2. Agenda. Evolve Financial Reporting . November 26, 2013. Agenda. Framework background. Reasons for change. Timeline. Changes to the framework and its components. Accompanying Guidance and Illustrative Tools. Stakeholder perspectives. Considerations for transition. Financial Reporting Framework for Small- and Medium Sized Entities FRF for SMEs TM Accounting Framework Name of presenter Audience Date Our discussion today What is FRF for SMEs? FRF for SMEs in Action Please contact . Laura Leka (. lauraleka@ifac.org. ) if you would like to include the IFAC and/or IIRC logo(s).. Introduction to Integrated Reporting. Overview. About the IIRC. A new corporate reporting model. Type of Entity Financial Reporting Framework Audit Assurance Requirement 1 Listed Companies Public Interest Entities and Government Owned EnterprisesFull IFRS Full Audit Assurance Engagement 2 Econo 121June2019RE WICI Response to the IAASB Consultation Paper on the Extended External ReportingEER AssuranceDearIAASB TeamThe World Intellectual Capital/Assets Initiative WICI Network wwwwici-globalcom