The IFRS conceptual framework includes (check all correct answers)

a. the objective to provide financial information that is useful to current and potential providers of resources in making decisions

b. Relevance and Faithful Representation as two fundamental qualitative characteristics that make financial information useful

c. Four enhancing qualitative characteristics that make financial information useful (e.g. comparability and verifiability)

d. Elements directly related to the measurement of financial position

e. Elements directly related to the measurement of performance

f. An appreciation for constraints and underlying assumptions

Answer rating: 100% (QA)

IFRS The International Financial Reporting Standards IFRS are a collection of accounting guidelines ... View the full answer