IFRS does not intend to issue detailed guidance on the selection of a discount rate when the time value of money is required to determine cash flows.

Name: IFRS does not intend to issue detailed guidance on the selection of a discount rate when the time value of money is required to determine cash flows.
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IFRS provides principles for selecting a discount rate but does not give detailed guidance because the selection should be based on specific circumstances and professional judgement.

IFRS Does Not Intend to Issue Detailed Guidance on the Selection