QUESTION $4$

Discuss the similarities and differences between the following IPSAS and IFRSs

i$.$ IPSAS $2$ and IAS $7$ Cash flow statement$(4$ marks$)$

ii$.$ IPSAS $3$ and IAS $8$ Changes in accounting estimates, policies and errors$(4$ marks$)$

iii.$$ IPSAS $4$ and IAS $21-$ The effects of changes in foreign exchange rates$(4$ marks$)$

iv$.$ IPSAS $5$ and IAS $23-$ Borrowing costs$(4$ marks$)$

v$.$ IPSAS $6$ and IAS $27-$ Consolidated and separate financial$(4$ marks$)$

vi$.$ IPSAS $7$ and IAS $28-$ Investments in associates$(4$ marks$)$