The elements of financial statements are the key ratios which a company will use to manage its business.
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Q2: Capital providers are the main users of
Q3: The main users of financial reporting are
Q4: To make decisions about allocating capital, users
Q5: The main objective of financial reporting is
Q6: The cost constraint exists to ensure that
Q8: Under IFRS, a company can never change
Q9: An item is material when it is
Q10: A conceptual framework ensures we have a
Q11: IFRS will be the standard for all
Q12: The conceptual framework ensures that existing standards
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