Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

IAS 24 Related Party Disclosures

This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
May 4, 2021 at 11:14 am #619636
Thembaleth
Member
- Topics: 1
- Replies: 0
May you please help me with this question.
What the general benefits of disclosure notes to the users of financial statements?
May 6, 2021 at 10:09 am #619847
P2-D2
Keymaster
- Topics: 4
- Replies: 6440
Hi,
Yes, it is to give transparency to the users of the accounts regarding the transactions that are happening between the company and directors, or other linked companies. They should be at arm’s length and if they are not the they need disclosing.
Thanks
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.