Statement of Principles
- A document first issued by the Accounting Standards Board in 1995 in an attempt to provide a conceptual framework for UK accounting standards. There are seven chapters:1. The Objectives of Financial Statements2. Qualitative Characteristics of Financial Information3. The Elements of Financial Statements4. The Recognition of Items in Financial Statement5. Measurement in Financial Statements6. Presentation of Financial Information7. The Reporting EntityVarious discussion drafts were subsequently issued before the Board published a final Statement of Principles in December 1999.
Accounting dictionary. 2014.
Look at other dictionaries:
statement of principles — ˌstatement of ˈprinciples noun statements of principles PLURALFORM 1. [countable] a statement by an organization of the moral or political beliefs which the organization s actions will be based on: • The statement of principles of the Federation… … Financial and business terms
Statement of Principles (NDP) — The New Democratic Party s Statement of Principles was adopted in 1983 in Regina, Saskatchewan, Canada, at the 12th Federal NDP Convention. It replaced the Winnipeg Manifesto which had been created in founding the Co operative Commonwealth… … Wikipedia
statement of funding principles — (SFP) Introduced by the Pensions Act 2004, the trustees of a salary related scheme must prepare and maintain a statement of funding principles (SFP). The SFP must set out the trustees policy for meeting the statutory funding objective and contain … Law dictionary
statement of investment principles — (SIP) The trustees of an occupational pension scheme must put in place and maintain a statement of investment principles (SIP). This must set out the basis on which the trustees plan to invest the scheme assets. There are detailed requirements… … Law dictionary
Principles of Theoretical Logic — Principles of Mathematical Logic is the 1950 American translation of the 1938 second edition of David Hilbert s and Wilhelm Ackermann s classic text Grundzüge der theoretischen Logik , on elementary mathematical logic. The 1928 first edition… … Wikipedia
Statement of retained earnings — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Statement on the Co-operative Identity — The Statement on the Co operative Identity, promulgated by the International Co operative Alliance (ICA), defines and guides co operatives worldwide. It contains the definition of a co operative as a special form of organization, the values of co … Wikipedia
Statement of faith — A statement of faith is a statement of the core beliefs of a religious group.A typical statement of faith is said to be a non comprehensive summary of the core beliefs of a particular faith within a tradition (or traditions). Even religious… … Wikipedia
Principles of Organic Agriculture — The Principles of Organic Agriculture were established by the International Federation of Organic Agriculture Movements (IFOAM) in September, 2005. They embody a global vision for organic farming. The Principles were approved by the General… … Wikipedia
Statement Of Retained Earnings — A financial statement outlining the changes in retained earnings for a specified period. The statement of retained earnings is prepared in accordance with generally accepted accounting principles (GAAP). The statement of retained earnings… … Investment dictionary