11. Discuss to what extent IAS 12 Income Taxes is in line with the International Accounting Standards Board (IASB) Conceptual Framework. 2. IFRS 16 Leases has replaced IAS 17 Leases. Explain how the new accounting standard on leases has affected the financial performance and the financial position of firms. Include examples. 3. Explain why profit before tax is normally not equal to the cash generated from operating activities. 4. Discuss whether the requirements to revalue intangible assets according to IAS 38 Intangible Assets, ensure that useful accounting information is provided to users of accounting information. 5. Evaluate the classifications of financial liabilities and financial assets according to IFRS 9 Financial Instruments