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Accounting · Accounting principles & policies

Accounting policies

CIE 04521 min read

Accounting policies

Accounting policies follow the International Accounting Standards (IAS) and should make statements:

  • Comparable — able to be compared across periods and businesses.
  • Relevant — useful to the decisions of the users.
  • Reliable — free from significant error and bias.
  • Understandable — clear to those who read them.

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