Financial statements specify the details of all income earned and spent by the company. Thus, it includes all profits and losses, and therefore states all expenses which are related to taxes. The statement includes information about [...]
How do Indonesia’s accounting standards (PSAK) compare to the International Financial Reporting Standards (IFRS)?
The PSAK and IFRS have certain similarities and differences. Some of the standards as stated in the PSAK find a counterpart in a related IFRS standard. PSAKs 53, 58, 64, 71, and 72 are consistent [...]