Which of the following is not a short-term convergence topic that the IASB must address in order to eliminate the reconciliation of accounts prepared under different sets of standards of different countries?

Question

Quizplus · Accepted Answer

Accounting for research and development costs is not a short-term convergence topic that the IASB must address. The other options, segment reporting, accounting for income taxes, and accounting for impairments of assets, are all topics that have been identified as needing convergence in order to eliminate the need for reconciliations between different sets of standards.

Which of the Following Is Not a Short-Term Convergence Topic