necessity of financial reporting(why, who, etc.)” and also the “asset and liability view in IFRS”. Both topics are not covered in the essay. Furthermore, I personally do not clearly understand the key features of IFRS in connection with the underlying accounting theory as they are explained in the text. Again, I refer here to points in my breefing such as matching, elements, etc. . I think there is a bit more work on these topics required. I would have prefered to take my table of content more into account also for the structure of the essay…
