Substance Over Form Study Notes
Substance Over Form Study Notes
Substance Over Form Study Notes
RESOURCE
study
notes
In this issue
Paper C03 Fundamentals of
Business Mathematics, p46
Paper F3 Financial
Strategy, p48
Papers F1 and F2
Financial Operations and
Financial Management
The economic substance of assets and liabilities, rather than their legal
form, is what an accountant must focus on when deciding how to record
them in the financial statements, but this is not always straightforward
By Jayne Howson
44
Financial
Financial
Management
Management
| September
| June 2014
2013
Consignment stock
Debt factoring