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View Policies Current Attempt in Progress Accrual-basis accounting: is optional under IFRS. results in companies recording transactions that change a company's financial statements in the

View Policies Current Attempt in Progress Accrual-basis accounting: is optional under IFRS. results in companies recording transactions that change a company's financial statements in the period in which events occur. is not consistent with the IASB conceptual framework. has been eliminated as a result of the IASB/FASB joint project on revenue recognition

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