This document sets up a conceptual framework of accounting by introducing the concepts that underlies the preparation and presentation of financial statements. It covers accounting basics, qualitative characteristics of financial information, fundamental accounting principles. The plan is split up into two parts. The first part establishes the framework and the second part covers organization and controls of accounting and names and operations of accounts. These provisions apply to anyone natural or legal penalty for bookkeeping for external information as to his own use, subject to specific provisions concerning.
- Country Focus
- Legal Library