Page 10 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 10 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونيةadjustments are correctly recorded.Classification: transactions and events have been recorded in the proper accounts.Classification: assets, liabilities, and equity recorded in the proper accounts.Classification and understandability: Financial and other information is appropriately presented and described and disclosures are clearlyexpressed.Cutoff:transactions and events have been recorded in the correct accountingperiod.Cutoff:assets, liabilities, and equity accounts in the correct accountingperiod.Rights and obligations: the entity holds or controls the rights to assets, and liabilities are the obligation of theentity.N.B: Management assertions are directly related to the applicable financial reporting framework used by the company (usually U.S. GAAP or IFRS), as they are part of the criteria that management uses to record and disclose accounting information in financial statements