Which of the following is part of the IFRS Conceptual Framework?
A)Statement of financial position.
B)Elements of financial statements.
C)Information Asymmetry.
D)Financial statement notes.

Question

Quizplus · Accepted Answer

The IFRS Conceptual Framework includes the elements of financial statements, which are the building blocks for creating financial statements. The other options listed are not part of the Conceptual Framework, although they may be related to financial reporting.

Which of the Following Is Part of the IFRS Conceptual