FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

Which of the following statements is correct?

Please select the right answer.

 

US Standards are considered to be more principles-based than IFRS Accounting Standards

 

The requirements of Ind AS are identical to IAS 7 in resepct of the preparation of the statement of cash flows

 

There are no differences between IAS 1 Presentation of Financial Statements and its US equivalent standard

 

IFRS 15 Revenue from Contracts with Customers is an example of a recent IFRS Accounting Standard that that the IASB and FASB have developed jointly

Note:-

  • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
  • Answer completely.
  • You will get up vote for sure.
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