What is not an information need of users of financial information under the IFRS Conceptual Framework?
A)Information on the amount of cash flows.
B)Information about the timing of future cash flows.
C)Information on the uncertainty of cash flows.
D)Information about the amount of past cash flows.

Question

Quizplus · Accepted Answer

The IFRS Conceptual Framework focuses on providing financial information for decision-making about the future, and therefore, information about past cash flows is not an essential need. The other options (A, B, and C) are critical factors in providing financial information under the IFRS Conceptual Framework.

What Is Not an Information Need of Users of Financial