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Conceptual framework

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Conceptual framework

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  • June 1, 2013 at 8:18 am #128078
    zhela
    Member
    • Topics: 7
    • Replies: 6
    • ☆

    Hi

    Could you please define and possible state one example to refer to regarding The prudent characteristic/principle please?

    Could you please define with a possible example of substance over form?

    Thanks

    June 1, 2013 at 8:39 pm #128155
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    Prudence – only disclosing probable gains but we recognise probable loss. Disclosing possible loss but ignoring possible gain

    Substance over form? Leases

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