Going concern – IF management plans to liquidate the entity or discontinue the business, or has no other option, otherwise the financial statements are present in the assumption of business continuity. Accrual accounting principle - If the definition and recognition criteria can be met under IFRS, the entity must recognize items such as assets, liabilities, equity, revenues and expenses. Relevance and aggregation - All material classes of the same things must be shown separately. If some elements do not have a similar nature or function, they must be presented separately unless they are intangible. Netting: Normally prohibited in IFRS. However, if some specific conditions can be met, we can compensate. Reporting Frequency: The financial statements must be completed in one year. However, some listed companies normally also publish temporary financial information