Its Relevance In The Application Of Financial Accounting Standards (PSAK) Number 1 And The Consequences For Liabilities Preparation Of Financial Reports

Authors

  • Wahyu Yudhawasthi
  • Khoiro Aprilia

Keywords:

Financial Accounting Standards, PSAK Number 1, Financial Reports

Abstract

This research aims to examine the relevance of implementing Financial Accounting Standards (PSAK) Number 1 and its impact on the obligation to prepare financial reports. PSAK Number 1 regulates the presentation of financial reports in accordance with generally accepted accounting principles. This research uses a descriptive analytical approach by collecting data from various sources, including related literature and existing regulations. The analysis was carried out to understand the significance of the application of PSAK Number 1 and its implications for the process of preparing financial reports. It is hoped that the results of this research will provide a better understanding of the importance of complying with accounting standards and the consequences that arise in the context of preparing financial reports.

 

 

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Published

2024-02-20

How to Cite

Wahyu Yudhawasthi, & Khoiro Aprilia. (2024). Its Relevance In The Application Of Financial Accounting Standards (PSAK) Number 1 And The Consequences For Liabilities Preparation Of Financial Reports. International Journal of Economics, Commerce, and Management, 1(1), 34–42. Retrieved from https://international.areai.or.id/index.php/IJECM/article/view/5