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In preparing financial statements in accordance with IFRS, there are certain accounting policies that may require a judgment or estimation in their application. Give examples

  1. In preparing financial statements in accordance with IFRS, there are certain accounting policies that may require a judgment or estimation in their application. Give examples of Aramco estimates and assumptions reported in consolidated financial statements.

[Marks (Words): 10(100)]

(Case study: Saudi Aramco)Aramco 2021Annual report.

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