SOLUTION z MANUAL z FOR
Intermediate zAccounting zIFRS z4th zEdition zby zDonald zE. zKieso, zJerry
zJ.zWeygandt, zTerry zD. zWarfield z Chapter z1-24
CHAPTER 1 z
Financial zReporting zand zAccounting zStandards
ASSIGNMENT zCLASSIFICATION zTABLE
Topics Questions Concepts zfor
Analysis
1. Global zmarkets zand zfinancial zreporting. 1, z2, z3, z4 4
2. Objective zof zfinancial zreporting. 5, z6, z7, z8, z9, z10 2, z3
3. Standard-setting zorganizations. 11, z12, z13, z14, 1, z2, z3, z5, z6, z8, z9,
15, z16, z17, z18 11
4. Financial zreporting zchallenges. 19, z20, z21, 3, z7, z8, z10, z11, z12
z22,z23, z24,
z25
ASSIGNMENT zCHARACTERISTICS zTABLE
Level zof Time
Item Description zDifficult z(minutes
y )
CA1.1 IFRS zand zstandard-setting. Simple 5–10
CA1.2 IFRS zand zstandard-setting. Simple 5–10
CA1.3 Financial zreporting zand zaccounting zstandards. Simple 15–20
CA1.4 Financial zaccounting. Simple 15–20
CA1.5 Need zfor zIASB. Simple 15–20
CA1.6 IASB zrole zin zstandard-setting. Simple 15–20
CA1.7 Accounting znumbers zand zthe zenvironment. Simple 10–15
CA1.8 Politicalization zof zIFRS. Complex 15–20
CA1.9 Models zfor zsetting zIFRS. Simple 10–15
CA1.10 Economic zconsequences. Moderate 10–15
CA1.11 Rule-making zIssues. Complex 20–25
CA1.12 Financial zreporting zpressures. Moderate 25–35
1-1-1
, ANSWERS zTO zQUESTIONS
1. World zmarkets zare zbecoming zincreasingly zintertwined. zThe ztremendous zvariety zand zvolume
zof zboth zexported zand zimported zgoods zindicates zthe zextensive zinvolvement zin zinternational
ztrade. zAs z a zresult, zthe zmove ztowards zadoption zof zinternational zfinancial zreporting
zstandards zhas zand zwill zcontinue z in zthe zfuture.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
2. Financial zaccounting zmeasures, zclassifies, zand zsummarizes zin zreport zform zthose zactivities
zand zthat zinformation z which z relate z to z the z enterprise z as z a z whole z for z use z by z parties z both
z internal z and z external zto za zbusiness zenterprise. zManagerial zaccounting zalso zmeasures,
zclassifies, zand zsummarizes zin zreport zform zenterprise zactivities, zbut zthe zcommunication zis
zfor zthe zuse zof zinternal, zmanagerial zparties, zand zrelates zmore zto zsubsystems zof zthe zentity.
zManagerial zaccounting zis zmanagement zdecision-oriented zand zdirected zmore ztoward zproduct
zline, zdivision, zand zprofit zcenter zreporting.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
3. Financial zstatements zgenerally zrefer zto zthe zfour zbasic zfinancial zstatements: zstatement zof
zfinancial zposition, zstatement zof zcomprehensive zincome z(or zincome zstatement), zstatement zof
zcash zflows, zand zstatement zof zchanges zin zequity. zFinancial zreporting zis za zbroader zconcept;
zit zincludes zthe zbasic zfinancial zstatements zand zany zother zmeans zof zcommunicating zfinancial
zand zeconomic zdata zto zinterested zexternal zparties.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
4. If za zcompany‘s zfinancial zperformance zis zmeasured zaccurately, zfairly, zand zon za ztimely zbasis,
zthe zright zmanagers zand zcompanies zare zable zto zattract zinvestment zcapital. zTo zprovide
zunreliable zand zirrelevant zinformation zleads zto zpoor zcapital zallocation zwhich zadversely zaffects
zthe zsecurities zmarket.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
5. A zsingle zset zof zhigh zquality zaccounting zstandards zensures zadequate zcomparability. zInvestors
zare zable zto zmake zbetter zinvestment zdecisions zif zthey zreceive zfinancial zinformation zfrom za
zU.S. zcompany zthat zis zcomparable zto z an z international zcompetitor.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
6. The zobjective zof zgeneral-purpose zfinancial zreporting zis zto zprovide zfinancial zinformation zabout
zthe zreporting zentity zthat zis zuseful zto zpresent zand zpotential zequity zinvestors, zlenders, zand
zother zcreditors zin zmaking zdecisions zabout z providing z resources zto zthe zentity.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
7. General-purpose zfinancial zstatements zprovide zfinancial zreporting zinformation zto za zwide
zvariety zof zusers. zTo zbe zcost zeffective zin zproviding zthis zinformation, zgeneral-purpose
zfinancial zstatements zprovide z at zthe zleast zcost zthe zmost zuseful zinformation z possible.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
8. Shareholders, zcreditors, zsuppliers, zemployees, zand zregulators zall zuse zgeneral-purpose
zfinancial zstatements. zThe zprimary zuser zgroup z is zcapital zproviders z(shareholders zand
z creditors).
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
9. The zproprietary zperspective zis znot zconsidered zappropriate zbecause zthis zperspective
zgenerally zdoes znot z reflect z a z realistic z view z of z the z financial z reporting z environment.
z Instead, z the z entity z perspective zis zadopted zwhich zis zconsistent zwith zthe zpresent zbusiness
zenvironment zwhere zmost zcompanies zengaged zin zfinancial zreporting zhave zsubstance
1-1-2 Copyright z © z2020 Kieso, zIFRS, z4/e, zSolutions (For zInstructor zUse
zWiley zManual zOnly)
, z separate zand zdistinct zfrom ztheir zowners.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
1-1-3
, Questions zChapter z1 z(Continued)
10. This zstatement zis znot zcorrect. zThe zobjective zof zfinancial zreporting zis zprimarily zto zprovide
zinformation zto zinvestors zinterested zin zassessing zthe zcompany‘s zability zto zgenerate znet zcash
zinflows zand zmanagement‘s zability zto zprotect zand zenhance zthe zcapital zproviders‘
z investments. z Financial zreporting zshould zhelp zinvestors zassess zthe zamounts, ztiming zand
zuncertainty zof zprospective zcash zinflows.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
11. The ztwo zorganizations zinvolved zin zinternational zstandard-setting zare zIOSCO z(International
zOrgani- zzation zof zSecurities zCommissions) zand zthe zIASB z(International zAccounting
zStandards zBoard.) zThe zIOSCO zdoes znot zset zaccounting zstandards, zbut zensures zthat zthe
zglobal zmarkets zcan zoperate zin zan zefficient zand zeffective zmanner. zConversely, zthe zIASB‘s
zmission zis zto zdevelop za zsingle zset zof zhigh zquality, zenforceable zand zglobal zfinancial
zreporting zstandards z(IFRSs) zfor zgeneral-purpose zfinancial zstatements.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
12. IOSCO z(International zOrganization zof zSecurities zCommissions) zis zan zassociation zof
zorganizations zthat zregulate zthe z world‘s zsecurities zmarkets. zMembers zare zgenerally zthe
zmain zfinancial zregulators zfor za zgiven z country. zIOSCO zdoes znot zset zaccounting z standards.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
13. The zmission zof zthe zIASB z(International zAccounting zStandards zBoard) zis zto zdevelop, zin zthe
zpublic zinterest, za zsingle zset zof zhigh zquality, zenforceable zglobal zinternational zfinancial
zreporting zstandards z(IFRSs) zfor zgeneral-purpose zfinancial zstatements.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
14. The zpurpose zof zthe zMonitoring zBoard zis zto zestablish za zlink zbetween zaccounting z standard-
setters zand zthose zpublic zauthorities z(such zas zIOSCO) zthat zgenerally zoversee zaccounting
zstandard-setters. zThis zboard zalso z provides zpolitical zlegitimacy zto zthe zoverall zorganization.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
15. The zIASB zpreliminary zviews zare zbased zon zresearch zand zanalysis zconducted zby zthe z IASB
zstaff. zIASB zexposure zdrafts zare zissued zafter zthe zBoard zevaluates zresearch zand zpublic
zresponse zto zpreliminary zviews. zIASB zstandards zare zissued zafter zthe zBoard zevaluates
zresponses zto zthe zexposurezdraft.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
16. IASB zInternational zFinancial zReporting zStandards zare zfinancial zaccounting zstandards zissued
zby zthe zIASB zand zare zreferred zto zas zInternational zFinancial zReporting zStandards z(IFRS).
zThe zIFRS zConceptual zFramework zfor zFinancial zReporting zsets zforth zfundamental
z objectives zand z concepts zthat zthe zBoard zuses zin zdeveloping zfuture zstandards zof zfinancial
zreporting. zThe zintent zof zthe zConceptual zFramework zis zto zform za zcohesive zset zof
zinterrelated zconcepts zthat zwill zserve zas ztools zfor zsolving zexisting zand zemerging zproblems zin
z a zconsistent zmanner.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA z PC: zCommunication
17. In zranking zfrom zthe zmost zauthoritative zto zleast zauthoritative, zInternational zFinancial
zReporting zStandards zare zthe zmost zauthoritative, zfollowed zby zInternational zFinancial
zReporting zStandard zInterpretations zand zthen zthe z Conceptual zFramework zfor zFinancial
zReporting.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
1-1-4 Copyright z © z2020 Kieso, zIFRS, z4/e, zSolutions (For zInstructor zUse
zWiley zManual zOnly)
Intermediate zAccounting zIFRS z4th zEdition zby zDonald zE. zKieso, zJerry
zJ.zWeygandt, zTerry zD. zWarfield z Chapter z1-24
CHAPTER 1 z
Financial zReporting zand zAccounting zStandards
ASSIGNMENT zCLASSIFICATION zTABLE
Topics Questions Concepts zfor
Analysis
1. Global zmarkets zand zfinancial zreporting. 1, z2, z3, z4 4
2. Objective zof zfinancial zreporting. 5, z6, z7, z8, z9, z10 2, z3
3. Standard-setting zorganizations. 11, z12, z13, z14, 1, z2, z3, z5, z6, z8, z9,
15, z16, z17, z18 11
4. Financial zreporting zchallenges. 19, z20, z21, 3, z7, z8, z10, z11, z12
z22,z23, z24,
z25
ASSIGNMENT zCHARACTERISTICS zTABLE
Level zof Time
Item Description zDifficult z(minutes
y )
CA1.1 IFRS zand zstandard-setting. Simple 5–10
CA1.2 IFRS zand zstandard-setting. Simple 5–10
CA1.3 Financial zreporting zand zaccounting zstandards. Simple 15–20
CA1.4 Financial zaccounting. Simple 15–20
CA1.5 Need zfor zIASB. Simple 15–20
CA1.6 IASB zrole zin zstandard-setting. Simple 15–20
CA1.7 Accounting znumbers zand zthe zenvironment. Simple 10–15
CA1.8 Politicalization zof zIFRS. Complex 15–20
CA1.9 Models zfor zsetting zIFRS. Simple 10–15
CA1.10 Economic zconsequences. Moderate 10–15
CA1.11 Rule-making zIssues. Complex 20–25
CA1.12 Financial zreporting zpressures. Moderate 25–35
1-1-1
, ANSWERS zTO zQUESTIONS
1. World zmarkets zare zbecoming zincreasingly zintertwined. zThe ztremendous zvariety zand zvolume
zof zboth zexported zand zimported zgoods zindicates zthe zextensive zinvolvement zin zinternational
ztrade. zAs z a zresult, zthe zmove ztowards zadoption zof zinternational zfinancial zreporting
zstandards zhas zand zwill zcontinue z in zthe zfuture.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
2. Financial zaccounting zmeasures, zclassifies, zand zsummarizes zin zreport zform zthose zactivities
zand zthat zinformation z which z relate z to z the z enterprise z as z a z whole z for z use z by z parties z both
z internal z and z external zto za zbusiness zenterprise. zManagerial zaccounting zalso zmeasures,
zclassifies, zand zsummarizes zin zreport zform zenterprise zactivities, zbut zthe zcommunication zis
zfor zthe zuse zof zinternal, zmanagerial zparties, zand zrelates zmore zto zsubsystems zof zthe zentity.
zManagerial zaccounting zis zmanagement zdecision-oriented zand zdirected zmore ztoward zproduct
zline, zdivision, zand zprofit zcenter zreporting.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
3. Financial zstatements zgenerally zrefer zto zthe zfour zbasic zfinancial zstatements: zstatement zof
zfinancial zposition, zstatement zof zcomprehensive zincome z(or zincome zstatement), zstatement zof
zcash zflows, zand zstatement zof zchanges zin zequity. zFinancial zreporting zis za zbroader zconcept;
zit zincludes zthe zbasic zfinancial zstatements zand zany zother zmeans zof zcommunicating zfinancial
zand zeconomic zdata zto zinterested zexternal zparties.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
4. If za zcompany‘s zfinancial zperformance zis zmeasured zaccurately, zfairly, zand zon za ztimely zbasis,
zthe zright zmanagers zand zcompanies zare zable zto zattract zinvestment zcapital. zTo zprovide
zunreliable zand zirrelevant zinformation zleads zto zpoor zcapital zallocation zwhich zadversely zaffects
zthe zsecurities zmarket.
LO: z1, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
5. A zsingle zset zof zhigh zquality zaccounting zstandards zensures zadequate zcomparability. zInvestors
zare zable zto zmake zbetter zinvestment zdecisions zif zthey zreceive zfinancial zinformation zfrom za
zU.S. zcompany zthat zis zcomparable zto z an z international zcompetitor.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
6. The zobjective zof zgeneral-purpose zfinancial zreporting zis zto zprovide zfinancial zinformation zabout
zthe zreporting zentity zthat zis zuseful zto zpresent zand zpotential zequity zinvestors, zlenders, zand
zother zcreditors zin zmaking zdecisions zabout z providing z resources zto zthe zentity.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
7. General-purpose zfinancial zstatements zprovide zfinancial zreporting zinformation zto za zwide
zvariety zof zusers. zTo zbe zcost zeffective zin zproviding zthis zinformation, zgeneral-purpose
zfinancial zstatements zprovide z at zthe zleast zcost zthe zmost zuseful zinformation z possible.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
8. Shareholders, zcreditors, zsuppliers, zemployees, zand zregulators zall zuse zgeneral-purpose
zfinancial zstatements. zThe zprimary zuser zgroup z is zcapital zproviders z(shareholders zand
z creditors).
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
9. The zproprietary zperspective zis znot zconsidered zappropriate zbecause zthis zperspective
zgenerally zdoes znot z reflect z a z realistic z view z of z the z financial z reporting z environment.
z Instead, z the z entity z perspective zis zadopted zwhich zis zconsistent zwith zthe zpresent zbusiness
zenvironment zwhere zmost zcompanies zengaged zin zfinancial zreporting zhave zsubstance
1-1-2 Copyright z © z2020 Kieso, zIFRS, z4/e, zSolutions (For zInstructor zUse
zWiley zManual zOnly)
, z separate zand zdistinct zfrom ztheir zowners.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
1-1-3
, Questions zChapter z1 z(Continued)
10. This zstatement zis znot zcorrect. zThe zobjective zof zfinancial zreporting zis zprimarily zto zprovide
zinformation zto zinvestors zinterested zin zassessing zthe zcompany‘s zability zto zgenerate znet zcash
zinflows zand zmanagement‘s zability zto zprotect zand zenhance zthe zcapital zproviders‘
z investments. z Financial zreporting zshould zhelp zinvestors zassess zthe zamounts, ztiming zand
zuncertainty zof zprospective zcash zinflows.
LO: z2, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
11. The ztwo zorganizations zinvolved zin zinternational zstandard-setting zare zIOSCO z(International
zOrgani- zzation zof zSecurities zCommissions) zand zthe zIASB z(International zAccounting
zStandards zBoard.) zThe zIOSCO zdoes znot zset zaccounting zstandards, zbut zensures zthat zthe
zglobal zmarkets zcan zoperate zin zan zefficient zand zeffective zmanner. zConversely, zthe zIASB‘s
zmission zis zto zdevelop za zsingle zset zof zhigh zquality, zenforceable zand zglobal zfinancial
zreporting zstandards z(IFRSs) zfor zgeneral-purpose zfinancial zstatements.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
12. IOSCO z(International zOrganization zof zSecurities zCommissions) zis zan zassociation zof
zorganizations zthat zregulate zthe z world‘s zsecurities zmarkets. zMembers zare zgenerally zthe
zmain zfinancial zregulators zfor za zgiven z country. zIOSCO zdoes znot zset zaccounting z standards.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
13. The zmission zof zthe zIASB z(International zAccounting zStandards zBoard) zis zto zdevelop, zin zthe
zpublic zinterest, za zsingle zset zof zhigh zquality, zenforceable zglobal zinternational zfinancial
zreporting zstandards z(IFRSs) zfor zgeneral-purpose zfinancial zstatements.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
14. The zpurpose zof zthe zMonitoring zBoard zis zto zestablish za zlink zbetween zaccounting z standard-
setters zand zthose zpublic zauthorities z(such zas zIOSCO) zthat zgenerally zoversee zaccounting
zstandard-setters. zThis zboard zalso z provides zpolitical zlegitimacy zto zthe zoverall zorganization.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
15. The zIASB zpreliminary zviews zare zbased zon zresearch zand zanalysis zconducted zby zthe z IASB
zstaff. zIASB zexposure zdrafts zare zissued zafter zthe zBoard zevaluates zresearch zand zpublic
zresponse zto zpreliminary zviews. zIASB zstandards zare zissued zafter zthe zBoard zevaluates
zresponses zto zthe zexposurezdraft.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
16. IASB zInternational zFinancial zReporting zStandards zare zfinancial zaccounting zstandards zissued
zby zthe zIASB zand zare zreferred zto zas zInternational zFinancial zReporting zStandards z(IFRS).
zThe zIFRS zConceptual zFramework zfor zFinancial zReporting zsets zforth zfundamental
z objectives zand z concepts zthat zthe zBoard zuses zin zdeveloping zfuture zstandards zof zfinancial
zreporting. zThe zintent zof zthe zConceptual zFramework zis zto zform za zcohesive zset zof
zinterrelated zconcepts zthat zwill zserve zas ztools zfor zsolving zexisting zand zemerging zproblems zin
z a zconsistent zmanner.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA z PC: zCommunication
17. In zranking zfrom zthe zmost zauthoritative zto zleast zauthoritative, zInternational zFinancial
zReporting zStandards zare zthe zmost zauthoritative, zfollowed zby zInternational zFinancial
zReporting zStandard zInterpretations zand zthen zthe z Conceptual zFramework zfor zFinancial
zReporting.
LO: z3, zBloom: zK, zDifficulty: zSimple, zTime: z3-5, zAACSB: zNone, zAICPA zBB: zNone, zAICPA zFC: zReporting, zAICPA zPC: zCommunication
1-1-4 Copyright z © z2020 Kieso, zIFRS, z4/e, zSolutions (For zInstructor zUse
zWiley zManual zOnly)
