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Under IAS 34, Companies Generally Should Use the Discreet Approach

Question 29

Essay

Under IAS 34, companies generally should use the discreet approach for interim reporting. However, IAS 34 outlines exceptions to this rule. Explain what these exceptions are and how they are treated in interim reports. What argument does IAS 34 provide for this treatment?

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IAS 34 specifically discusses year-end b...

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