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Questions on international accounting.. I need to solve all of them.. Thanks According to the IASB Framework, the main .2 * purpose of financial reporting

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According to the IASB Framework, the main .2 * purpose of financial reporting is to Help the managers to run the business Calculate prudently distributable profit Enable investors to make economic decisions All of the above is correct The convergence of the Indian .5 * Accounting Standards with IFRS began in (2) Dec-11Apr-10Aug-09Apr-11 he European Commission announced 4 that International Financial Reporting Standards (IFRSs) had to be adopted by * 2005 by (2) All listed companies in the EU All enterprises in the EU All listed companies in the EU preparing their consolidated accounts none of the above What is the main difference between the .12 International Financial Reporting Standards (IFRS) ?and the International Accounting Standards (IAS) (2) The IFRS provides more details on each standard and an enforceability component The IFRS gives a high level overview, but allows the country's regulatory body to decide on the details none of the above

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