Accounting principle that auditors typically use to assess items based on the accounting view and not the legal one. Some items may have a different legal result so substance over form seeks to emphasize the economic view. This accounting principle helps alleviate creative accounting which often violates GAAP standards.
Related information about substance over form:
- Substance over form - Wikipedia, the free encyclopedia
Substance over form is an accounting principle used "to ensure that financial statements give a complete, relevant and accurate picture of transactions and ...
- What is substance over form? - Questions & Answers ...
Apr 13, 2011 ... Substance over form is the concept that the information shown in the financial statements and accompanying disclosures of a business should ...
- Doctrines of Substance Over Form, Economic Substance, Economic ...
Doctrines of Substance Over Form, Economic Substance, Economic Reality, Business Purpose and Sham Transactions. The tax doctrine of substance over form ...
- SUBSTANCE OVER FORM DEFINITION
SUBSTANCE OVER FORM is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely ...
- Substance Over Form | Concept | Meaning | Examples | Importance
Substance over form is an accounting concept / principle which means that the economic substance of transactions and events must be recorded in the financial ...
- What is substance over form? definition and meaning
Definition of substance over form: Accounting principle that auditors typically use to assess items based on the accounting view and not the legal one.
- When Substance-over-Form Argument is Available to the Taxpayer
the effective administration of the tax policies of Congress. In this sense and context, the doctrine of substance-over-form serves a high. 'purpose. It is a search ...
- Applying substance over form----IAS-18 | LinkedIn
Nov 8, 2011 ... Applying substance over form----IAS-18. Take a look at the following example that shows that there are some problematic issues that can arise ...