Unlike GAAP, IFRS encourage the disclosure of all of the following except
A)reconciliation of net income to operating cash flows when the direct method is used in the cash flow statement
B)undrawn borrowing capacity available for operating activities
C)separation of cash flows that increase operating capacity from those that maintain operating capacity
D)operating, investing, and financing activities by segment

Question

Quizplus · Accepted Answer

IFRS does not require the reconciliation of net income to operating cash flows when the direct method is used, unlike GAAP which does.

Unlike GAAP, IFRS Encourage the Disclosure of All of the Following