IFRS requires that any Valuation Allowance account balances (if used)be shown separately on the Statement of Financial Position.

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IFRS does not use the concept of a Valuation Allowance for accounts receivable; instead, it requires the use of an allowance for doubtful accounts, which is directly deducted from the gross amount of accounts receivable, not shown separately on the Statement of Financial Position.

IFRS Requires That Any Valuation Allowance Account Balances (If Used)be