The IASB Conceptual Framework for Financial Reporting (as released in 2010),requires that general purpose financial reports disclose information that is:
A) relevant to the assessment of profit, funding and investing, and compliance.
B) relevant to the assessment of financial and social performance, financial position and funding and investing, and includes information about compliance.
C) relevant to the assessment of performance, financial position and funding and investing, including information about compliance.
D) relevant to the assessment of performance, financial position and cash flows.

Question

Quizplus · Accepted Answer

The IASB Conceptual Framework for Financial Reporting emphasizes the importance of disclosing information that is relevant to the assessment of an entity's performance, financial position, and cash flows. This focus is designed to ensure that users of financial reports have the necessary information to make informed decisions regarding the entity.

The IASB Conceptual Framework for Financial Reporting (As Released in 2010),requires