Monday 10 December 2012

BASIS OF ACCOUNTING


Basis of Accounting

All daily accounting as well as financial reporting of Sustainable Development Without Borders shall be done at all levels of inflation and deflation in terms of financial capital maintenance in units of constant purchasing power in terms of the Daily Consumer Price Index in Portugal as authorized in International Financial Reporting Standards in the Conceptual Framework (2010), Paragraph 4.59 (a).

IFRS are implemented in Portugal.

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