AAS

FN Walton
Mind Map by FN Walton, updated more than 1 year ago
FN Walton
Created by FN Walton over 2 years ago
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Corporations 4
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Resource summary

AAS
1 What are they?
1.1 Sets out required accounting for different types of transactions and events
2 Provides Confidence
2.1 Maintain investor confidence by creating consistent reporting across reporting entities
3 Assists Directors
3.1 Company reports complies with AAS, the reports will adhere to The Framework
3.2 Directors obligated to report on resources and investments in a way that satisfies the qualitative characteristics
4 Protects Users
4.1 Reports will provide clear and useful information
4.2 Faithfully represent the company performance, liquidity and profitability
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