100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
IFRS Study Test Questions & Answers 2024/2025 $7.99   Add to cart

Exam (elaborations)

IFRS Study Test Questions & Answers 2024/2025

 3 views  0 purchase
  • Course
  • IFRS
  • Institution
  • IFRS

IFRS Study Test Questions & Answers 2024/2025

Preview 1 out of 1  pages

  • September 9, 2024
  • 1
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • IFRS
  • IFRS
avatar-seller
Bensuda
IFRS Study Test Questions & Answers
2024/2025

What is the 1st alternative for incorporating IFRS into the financial reporting system? - ANSWERSFull
adoption on specified date



What is the 2nd alternative for incorporating IFRS into the financial reporting system? - ANSWERSFull
adoption over time (a few years)



What is the 3rd alternative for incorporating IFRS into the financial reporting system? - ANSWERSAn
option for U.S. issuers to apply IFRS



What is the 4th alternative for incorporating IFRS into the financial reporting system? -
ANSWERSConvergence which is keeping match and local international (no adding)



What is the 5th alternative for incorporating IFRS into the financial reporting system? -
ANSWERSEndorsement which is as IFRS makes rules, adding them to local



What is the 6th alternative/combined alternative? - ANSWERSCondorsement which is keeping local and
adding new



What are the key differences mentioned in class between IFRS and U.S. GAAP? - ANSWERSstatements
are in order of illiquidity, valuations of PP&E, insurance contracts and other similar financial items, and
ADRs

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart