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Which of the Following Statements Is True Regarding IFRS Accounting

Question 7

Multiple Choice

Which of the following statements is true regarding IFRS accounting education?


A) The emphasis in IFRS accounting will be on memorization of rules
B) The emphasis in IFRS accounting will be on the application of the conceptual framework
C) The bookkeeping techniques are essential knowledge.
D) The single analytical effect of transactions resulting from business decisions and changes in the environment must be understood.

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