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Ifrs: Not Disarster But Imbarrassment

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Issue:

Business

 

Written by:

Paul S

 

Date added:

November 12, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 911

 

Was viewed:

1435 times

 

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Essay content:

The distinction between them is not that much significant, but they do have some key differences that are essential to specific transactions and accounting operations. There is not too much trouble with the recognition of the differences between IFRS and AASB. The answer can be found in the textbook , "the only substantive difference between AASB and the corresponding IFRSs is the deletion of one of more alternatives permitted in the IFRSs, or expanding a standard to deal with matters not covered or excluded by IFRSs...
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The answer can be found in the textbook , "the only substantive difference between AASB and the corresponding IFRSs is the deletion of one of more alternatives permitted in the IFRSs, or expanding a standard to deal with matters not covered or excluded by IFRSs." The inconsistency of IFRS and A-IFRS is even tricky as saying "the devil is in the detail"...
displayed 300 characters

General issues of this essay:
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