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I need the answer provide in bullet points and summarised. Thanks Question 2 A. IAS 1 presentation of financial statements sets down a number of
I need the answer provide in bullet points and summarised. Thanks
Question 2 A. IAS 1 presentation of financial statements sets down a number of principles that govern the preparation and presentation of financial statements. Describe the following principles as discussed in the standard: i. Accruals ii. Going concern iii. Materiality iv. Consistency 50 marks B. Chapter one of the Conceptual Framework outlines the objective of financial statements. According to chapter one what are these objectives, with a brief summary on Information about a reporting entity's economic resources, and changes in resources and claims. 50 marks Total 100 marks
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