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Summary

FAC3764 Summary

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Unlock the key to academic success with our comprehensive summary of FAC3764, meticulously crafted to elevate your understanding and boost your grades. This summary of FAC3764 from learning unit 1 to 11 is designed to save you time and enhance your learning experience.

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  • October 4, 2023
  • 30
  • 2023/2024
  • Summary

3  reviews

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By: juansmit • 1 month ago

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By: jordaanchriatelle1 • 5 months ago

@haaimy04, all the pages are cut-off, meaning, the full photos only show halfway. Not satisfied at all. Please, email the correct summary. jordaanchristelle1@gmail.com

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By: ntokozo1727 • 11 months ago

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By: haaimy04 • 11 months ago

Thank you for the rating !!

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FAC3764 –
Financial
Accounting
Summary of Standards
Learning Unit 1 to 11

,CONTENTS
• Learning unit 1: The conceptual framework for financial reporting
• Learning unit 2: Income taxes
• Learning unit 3: Revenue and Leases
• Learning unit 4: Fair value measurement, property, plant and equipment and investment proper
• Learning unit 5: Intangible assets, impairment of assets and non-current assets held for sale
• Learning unit 6: Accounting policies, changes in accounting estimates, errors and the effects of
changes in foreign exchange rates
• Learning unit 7: Financial instruments, employee benefits
• Learning unit 8: Group financial statements
• Learning unit 9: Investments in associates and joint ventures, joint arrangements and related p
disclosure

, THE CONCEPTUAL FRAMEWORK (CF)

DEFINITION:
The CF is a document that sets out various key concepts:
• The objective of general-purpose financial reporting; and
• Various other concepts that underpin financial reporting.

MAIN OBJECTIVE
To provide useful information about the entity.

CF PURPOSE
• To be a helpful resource to the IASB in their development of
IFRSs
• To help preparers of financial statements to create their own
accounting policies where necessary
• To help everyone understand and interpret IFRS.

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