IFRS requires disclosure that explains how the transition from previous GAAP to IFRS affect the entity's reported:
A)Financial position
B)Financial performance
C)Cash flows
D)All of the above

Question

Quizplus · Accepted Answer

IFRS requires disclosure that explains how the transition from previous GAAP to IFRS affects the entity's reported financial position, financial performance, and cash flows. Therefore, all of the above choices are correct.

IFRS Requires Disclosure That Explains How the Transition from Previous