On Tuesday 1 January, Oman revealed its 2019 budget. Total projected spending will amount to 12.9 billion Omani Rials, an increase of 3%...

Introduction The conceptual framework for financial reporting establishes the concepts and principles for preparation and presentation of...

Objective The objective of IFRS 1 is to guide the entity in preparing its first IFRS financial statements and to ensure that those...

Information about the entity's economic resources and the claims against it helps users to assess the entity's liquidity and solvency and...