Publication Details
Journal: American Journal of Economics and Business Management
Issue: Vol 7, No 4 (2024)
Pages: 92-95
ISSN: 2576-5973
Check on Google Scholar DOI: 10.31150/ajebm.v7i4.2757 Visit Article Page

Abstract

In this article, the directions for improving the preparation of financial statements based on the conceptual foundations and principles of financial reporting and the requirements of international standards of financial reporting are presented. Also, proposals and recommendations were developed regarding the methods of transforming financial reports into the International Financial Reporting Standards (IFRS) format and their application.

Keywords
Financial reporting international standards of financial reporting balance sheet statement of comprehensive income statement of cash flows statement of equity going concern.
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