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There are no financial statements in question Question 4: One of the blocks of IASB conceptual framework is Qualitative Characteristics of useful financial information. In
There are no financial statements in question
Question 4: One of the blocks of IASB conceptual framework is "Qualitative Characteristics of useful financial information. In 2010 released conceptual framework, the qualitative characteristics identified were fundamental and enhancing characteristics. You are required to select a company that is listed in Muscat Securities Market. Examine firm's financial report and provide the following. (sAttach the financial statements) a) One example of how a fundamental characteristic is evident in the financial report. (4 Marks) b) An example each of how two enhancing characteristic is not evident in financial report. (4 Marks) c) From two above, critically evaluate whether and in what way (if any) that absence of characteristic may influence decision making. (2 Marks) Question 4: One of the blocks of IASB conceptual framework is "Qualitative Characteristics of useful financial information. In 2010 released conceptual framework, the qualitative characteristics identified were fundamental and enhancing characteristics. You are required to select a company that is listed in Muscat Securities Market. Examine firm's financial report and provide the following. (sAttach the financial statements) a) One example of how a fundamental characteristic is evident in the financial report. (4 Marks) b) An example each of how two enhancing characteristic is not evident in financial report. (4 Marks) c) From two above, critically evaluate whether and in what way (if any) that absence of characteristic may influence decision making. (2 Marks) Step by Step Solution
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