Which of the Following Does IFRS Require Accounting Students and Educators

Multiple Choice

Which of the following does IFRS require accounting students and educators to learn?

A) To master specific IFRS policies to better accept the new accounting standards
B) To focus on underlying concepts and their application
C) To realize the difference between U.S.GAAP and IFRS to better develop the financial statements
D) To research standards and interpretations on GAAP in order to differentiate policies from IFRS