Proposal for improved financial statements under IFRS

Artikel

The benefits that users gain from financial statements depend on clear and concise presentation of the underlying economics. The current IFRS regulation on presentation of primary financial statements suffers from several flaws. This paper identifies and analyzes these flaws using illustrative examples from large accounting firms. Based on this discussion we present a set of alternative financial statements. The paper concludes with proposed modifications of the current financial statements under IFRS.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Cogent Business & Management ; ISSN: 2331-1975 ; Volume: 6 ; Year: 2019 ; Pages: 1-24 ; Abingdon: Taylor & Francis

Classification and Topics

• Classification: Management ; Accounting and Auditing: Government Policy and Regulation ; International Financial Markets
• Subject: Primary financial statements ; statement of financial performance ; statement of financial position ; decision usefulness ; business model ; presentation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Baksaas, Kjell Magne ; Stenheim, Tonny
• Event: Veröffentlichung
• (who): Taylor & Francis
• (where): Abingdon
• (when): 2019

Further information

• DOI: doi:10.1080/23311975.2019.1642982
• Handle: http://hdl.handle.net/10419/206210
• Last update: 10.03.2025, 11:43 AM CET