In addition to disclosing judgments involving estimates and assumptions,________ requires that companies disclose judgments made when determining appropriate accounting treatments.
A)U)S.GAAP
B)IFRS
C)both A & B
D)neither A nor B

Question

Quizplus · Accepted Answer

IFRS requires companies to disclose judgments made in determining appropriate accounting treatments, in addition to estimates and assumptions.

In Addition to Disclosing Judgments Involving Estimates and Assumptions,________ Requires