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Mastering NFRS Principles

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Section 2 of NFRS for SMEs confirms objectives of financial statements as to provide information about financial position, performance and cash flows.
It describes the qualities of Financial Statements. Defines Assets, Liabilities, Income and Expense. Provides the basic recognition and measurement conditions for Assets, Liabilities, Incomes and Expense.
It describes the qualities of Financial Statements. Defines Assets, Liabilities, Income and Expense. Provides the basic recognition and measurement conditions for Assets, Liabilities, Incomes and Expense.
Mastering NFRS Principles
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