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(a) What are financial statements under IFRS? Describe the objectives of EACH of the financial statements and illustrate with at least one example. (b) Define

(a) What are financial statements under IFRS? Describe the objectives of EACH of the financial statements and illustrate with at least one example. (b) Define Assets, Liabilities and Equities and why it is important for the accounting process?

(d) What are Disclosures? Is it required under IFRS? (

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