• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

faithful representation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › faithful representation

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 11, 2021 at 8:17 am #631143
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir even if there is high degree of measurement uncertainty we can still recognise that item provided we are giving sufficient comprehensive disclosure, right?

    Or that it because that item’s recognition will not provide faithful representation we will not recognise that item at all?

    August 11, 2021 at 8:35 am #631149
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3422
    • ☆☆☆☆☆

    Judgement call – remember that the Framework is theoretical so in reality we would use appropriate accounting standard.

    I would lean towards not recognising something that I cannot faithfully represent.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • ZaidRaza on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • mrjonbain on Chapter 11 Capital Gains Tax – Individuals TX-UK FA2023
  • james33 on Chapter 11 Capital Gains Tax – Individuals TX-UK FA2023
  • John Moffat on Group Accounts The Consolidated Income Statement (part b) – ACCA Financial Accounting (FA) lectures
  • John Moffat on Activity Based Costing part 2 – ACCA Performance Management (PM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in