Acca financial Accounting (FA) Study Text ac ca (FA)

Introduction to financial reporting 

24

 

KAPLAN PUBLISHING

 

 

 

---

 

KAPLAN PUBLISHING

 

25 

The regulatory 

framework 

Chapter learning objectives 

Upon completion of this chapter you will be able to: 

•

 

understand the role of the financial reporting regulatory 

system 

•

 

understand the role of IFRS standards 

•

 

explain what is meant by corporate governance, and 

•

 

describe the duties and responsibilities of company directors. 

 

Chapter 

2 

---

 

The regulatory framework 

26

 

KAPLAN PUBLISHING

 

1 Overview 

 

 

 

Introduction 

 

This chapter provides the underpinning to enable you to understand the 

regulatory framework, and its importance to financial reporting. 

Much of the content of this chapter is new. However, it is an important 

foundation for your future ACCA studies, in particular for Financial 

Reporting and Strategic Business Reporting.