Archives: Flashcards

International Financial Reporting Standards F04-41b

What is the IASB framework definition of an asset?

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International Financial Reporting Standards F04-40b

What are the elements that are not included in the IASB framework?

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International Financial Reporting Standards F04-39b

The IASB Framework lists five elements : assets, liabilities, equity, income and expense. How many elements are listed in the FASB framework?

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International Financial Reporting Standards F04-38b

What are the 7 purposes of the IASB framework?

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