The purpose of the Conceptual Framework is: A. To assist the International Accounting Standards Board to develop IFRS Standards B. To assist preparers of IFRS financial statements to develop consistent accounting policies when no IFRS Standard applies to a particular transaction or other event, or when a Standard allows a choice of accounting policy C. To assist all parties to understand and interpret IFRS Standards OD. All of the above
The purpose of the Conceptual Framework is: A. To assist the International Accounting Standards Board to develop IFRS Standards B. To assist preparers of IFRS financial statements to develop consistent accounting policies when no IFRS Standard applies to a particular transaction or other event, or when a Standard allows a choice of accounting policy C. To assist all parties to understand and interpret IFRS Standards OD. All of the above
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA1: International Financial Reporting Standards
Section: Chapter Questions
Problem 4MCQ
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