This module allows you to understand the legal versus commercial view of accounting, helping you identify the concept of substance over form, and how the IASB framework enforces this.
On completion of this online course, you will gain an understanding of:
- how to identify the concept of substance over form
- appreciating why entities have off balance sheet finance
- how the IASB framework enforces the substance over form rule
- how to apply the framework's substance over form rule in practical and complex situations.