Statements of Financial Accounting Standards In Taiwan

Issued by the Financial Accounting Standards Committee In Taiwan on 28 December 1989.

The purpose of this Statement is to establish the accounting standards for the preparation of financial forecasts.

The preparation criteria for preparation of financial forecasts include trustworthy principle, suitable preparers, appropriate accounting principles, best information, consistency with the business plan, key factors, appropriate assumptions, sensitivity analysis, documentation, periodic comparison, and checking and approving.

This statement also specifies disclosure criteria for the preparation of financial forecasts.

This statement becomes effective for financial statements for the fiscal year beginning on or after 1 July 1990.

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