Also read Complete Accounting Software Price List in Indonesia Legal and Regulatory Framework for Reclassification Accounting framework governing reclassification accounting varies across jurisdictions but I can give you a general idea. International Financial Reporting Standards IFRS The International Accounting Standards Board IASB sets accounting standards known as IFRS which are followed by many countries aroundthe world including Indonesia.
IFRS provides guidance on reclassification Sierra Leone Email List accounting through various standards including IAS Financial Instruments Recognition and Measurement IFRS Financial Instruments and IAS Investments in Associates and Joint Ventures. These standards outline the criteria for reclassifying financial assets and liabilities and establish the appropriate accounting treatment.
Generally Accepted Accounting Principles GAAP In the follow generally accepted accounting principles GAAP issued by the Financial Accounting Standards Board FASB. GAAP provides guidance on reclassification accounting through various standards including ASC Balance Sheet Discontinued Operations ASC Investments Debt and Equity Securities and ASC Financial Instruments.