

Oman's Budget for 2019
On Tuesday 1 January, Oman revealed its 2019 budget. Total projected spending will amount to 12.9 billion Omani Rials, an increase of 3%...
The Conceptual Framework for Financial Reporting
Introduction The conceptual framework for financial reporting establishes the concepts and principles for preparation and presentation of...
IFRS 1 – First-time Adoption of International Financial Reporting Standards
Objective The objective of IFRS 1 is to guide the entity in preparing its first IFRS financial statements and to ensure that those...
The Objective of General Purpose Financial Reporting
Information about the entity's economic resources and the claims against it helps users to assess the entity's liquidity and solvency and...


