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The objective of IAS 1 Presentation of Financial Statements is to prescribe the basis for presentation of general purpose financial statements, in order to ensure
The objective of IAS 1 Presentation of Financial Statements is to prescribe the basis for presentation of general purpose financial statements, in order to ensure comparability both with the enterprises own financial statements of previous periods and with the financial statements of other enterprises. Discuss how far the objectives of IAS 1 are relevant in todays environment. (Approx 1300 words). Support your answer with examples.
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