Faithful representation! Three examples discussed

Faithful representation is a key characteristic of useful information. Here I discuss three potential examples of how this principle impacts on the way that financial instruments are accounted and why a parent has to prepare consolidated financial statements.

[@midnightmorningstar671]

Thank you for teaching us accounting. I was so afraid of accounting and then I found your resources. I am very greatful to you.

[@tomclendonaccasbronlinelec7226]

You are so welcome! Nice to help

[@chandanamohotty8005]

I learnt the classic examples of faithful representation i .e. substances over form. Thank you sir