Annual Improvements to IFRSs The IASB released an Exposure Draft (ED) in May 2012 titled Annual Improvements
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Instructions
Read the ED and respond to the following questions:
(a) What are the general questions raised by the ED? Why might these questions add value to the development of Canadian GAAP?
(b) Discuss the amendments proposed for IFRS 8 Operating Segments.
(c) Do the changes to IFRS 8 result in standards that are more easily used? Without these changes could the same treatment be achieved? What would the process be for determining the correct treatment?
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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