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(b) Discuss how management’s judgement and the financial reporting infrastructure of a cou

时间:2021-04-25 19:38:50 解答: 147 次

(b) Discuss how management’s judgement and the financial reporting infrastructure of a country can have a

significant impact on financial statements prepared under IFRS. (6 marks)

Appropriateness and quality of discussion. (2 marks)

正确答案:

(b) Management judgement may have a greater impact under IFRS than generally was the case under national GAAP. IFRSutilises fair values extensively. Management have to use their judgement in selecting valuation methods and formulatingassumptions when deal

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