It is fundamental to the understanding and interpretation of financial accounts that those who use them should

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‘It is fundamental to the understanding and interpretation of financial accounts that those who use them should be aware of the main assumptions on which they are based.’

Requirement Explain how Statement of Standard Accounting Practice 2, Disclosure of accounting policies, seeks to achieve this understanding.

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Advanced Financial Accounting

ISBN: 9780273638339

6th Edition

Authors: Richard Lewis, David Pendrill

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