Financial Analysts as Users of Financial Accounting and Reporting Information

Abstract

Chapter 2 reviewed the fundamentals of financial accounting and reporting and illustrates the objectives of IFRSs as well as the concept of useful information as purported by the standards. Chapter 3 provided an overview about the foundations and challenges of intangible values, focusing on the issues associated with intangibles in IFRSs and presenting ideas how to improve the accounting and reporting of such values. Yet, because the objective of IFRSs is to provide useful information to its primary users, the potential improvements should consider the requirements of that group.