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On September 6, 2007 the IASB issued a revision of IAS 1. The revision include changes to the titles of some of the financial statements.
On September 6, 2007 the IASB issued a revision of IAS 1. The revision include changes to the titles of some of the financial statements. The Income statement was renamed "The Statement of Comprehensive Income" and has an amended format. Discuss the reasons for the revision and state, in your opinion, whether the changes were able to bring about the desired objectives. |
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