Abstract:
When presented financial accounting information, accounting judgment under general accounting framework for the preparation and presentation of financial statements must always start from providing a true picture of the business entity. The deemed fair presentation of the characteristics of financial information accounting. The information is considered reliable if transactions and events are presented fairly by the company. IAS 1 "Presentation of Financial Statements" states that the fair presentation of financial position, performance and cash flows requires the use of relevant, reliable, comparable and understandable. For the information presented to be understandable to be so presented as not to create confusion and not misleading. Information users should easily understand the information presented.
