- This topic has 1 reply, 2 voices, and was last updated 2 months ago by
Stephen Widberg.
Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
jophal
- Topics: 1
- Replies: 0
- ☆
Hi
So in the notes given by open tution it is mentioned as there is “no requirement of probability” in recognition of an item
However in the Kaplan text (2021-2022)
It is mentioned it is said that” recognition is not relavant if there is a low probability of an inflow or outflow of economic resources”(pg 09)NOTE- these are in regards to the recognition and derecognition part in the conceptual framework chapter
It would be great help if you if you could clear this doubt
Stephen Widberg
- Topics: 10
- Replies: 2555
- ☆☆☆☆☆
Probability “went out” in 2018 the old Conceptual Framework.
Framework = recognise if useful = faithful representation + relevant + subject to cost / benefit.
jophal
Stephen WidbergViewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.