Asked by Mason Rogers on Jul 11, 2024
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IFRS often permits different accounting treatments for similar business transactions and events.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide how financial statements are prepared and presented globally.
Accounting Treatments
Methods or procedures applied in preparing and presenting financial statements, based on guidelines from accounting standards.
- Gain insight into the goals and underlying principles that guide the development of accounting rules by the FASB, as well as the versatility enabled by the IFRS framework.
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Learning Objectives
- Gain insight into the goals and underlying principles that guide the development of accounting rules by the FASB, as well as the versatility enabled by the IFRS framework.
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