Yakub02
Banned
A business review is a management commentary, and might sometimes be called an Operating and Financial Review (OFR). In the UK there is a statement of best practice that gives guidance on the content and presentation of information in an OFR, which is consistent with the statutory requirements for the content of the business review.
IFRS Practice Statement: Management commentary
This is a non-mandatory document that sets out guidelines to be followed by companies who wish to or are required to produce a management commentary in accordance with IFRS.
The guidance is intended to provide a basis for the development of good management commentary.
It offers a non-binding framework which could be adapted to the legal and economic circumstances of individual jurisdictions. The Practice Statement (PS) defines management commentary as a narrative report accompanying financial statements prepared in accordance with IFRSs that provides users with historical and prospective commentary on the entity’s financial position, financial performance and cash flows, and a basis for understanding management’s objectives and its strategies for achieving those objectives.
The PS prescribes a framework for the preparation and presentation of management commentary to assist management in preparing decision-useful management commentary to accompany financial statements prepared in IFRS Practice Statement: Management commentary This is a non-mandatory document that sets out guidelines to be followed by companies who wish to or are required to produce a management commentary in accordance with IFRS.
IFRS Practice Statement: Management commentary
This is a non-mandatory document that sets out guidelines to be followed by companies who wish to or are required to produce a management commentary in accordance with IFRS.
The guidance is intended to provide a basis for the development of good management commentary.
It offers a non-binding framework which could be adapted to the legal and economic circumstances of individual jurisdictions. The Practice Statement (PS) defines management commentary as a narrative report accompanying financial statements prepared in accordance with IFRSs that provides users with historical and prospective commentary on the entity’s financial position, financial performance and cash flows, and a basis for understanding management’s objectives and its strategies for achieving those objectives.
The PS prescribes a framework for the preparation and presentation of management commentary to assist management in preparing decision-useful management commentary to accompany financial statements prepared in IFRS Practice Statement: Management commentary This is a non-mandatory document that sets out guidelines to be followed by companies who wish to or are required to produce a management commentary in accordance with IFRS.