Describe the prospective treatment of applicability of a newly introduced IFRS.

I agree with Mr.Hany Bahgat answer

1 susceptibility to understand  This refers to the ability to understand data by users.  supposed to provide a reasonable level of knowledge among users.  should not exclude information on important issues even if they are relatively complex. 2 FITNESS  appropriate information that is useful to the needs of decision makers.  realized property information when convenience in helping to make decisions through the assessment of events past, present and future, or to confirm or correct past assessments.  can enhance the predictive ability of the financial statements through the expansion of the level of disclosure, such as the distinction between ordinary and extraordinary items in the list of regular income. 3 physical  information is valuable material if its omission or misstatement could influence the decisions of users.  dependent on the physical size of the item. 4 Reliability  absence of data errors and significant bias  reliability by users 5. faithful representation     That represent information truthfully financial transactions and other events that is supposed to represent or be expressed reasonably depending on the standards and principles of recognition. 6 substance over form  in reliance on the core accounting processes and events and economic reality and not on the legal form only  sale of an asset, for example, while retaining the benefits of the economic future despite the existence of documents and transfer of ownership, the recognition of this process as the sale process, not an economic event honestly 7 neutrality The absence of data bias. 8 caution  data on infectious doing enough to cope with uncertainties  such as: - the ability for doubtful debts for collection.            - Determination of the economic life of the assets.  wary of inflating assets or income.  wary of reducing expenses and obligations 9 completion  The information must be complete within the limits of the physical and cost  delete the information could make them false or misleading 10. comparability  comparability over time: for the same project.  comparability between projects.  stability in the foundations of measurement and display.  disclosure of accounting policies used and changes and the impact of the change.  display menus comparison to previous years.

The best Answer added by: georgei assi  مدير حسابات 2 years ago

I AGREE WITH  ANSWER OF MR HANY