Even with the oversight of IFRS, managers have the ability to make accounting choices that will impact their economic consequences.The term 'economic consequences' refers to:

Name: Even with the oversight of IFRS, managers have the ability to make accounting choices that will impact their economic consequences.The term 'economic consequences' refers to:
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

'Economic consequences' refers to how the wealth of the entity's stakeholders is affected by the accounting choices made by managers.

Even with the Oversight of IFRS, Managers Have the Ability