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What is IFRS all about? Why do you think the Notes to the Financial Statements and Accounting Policies are so important? 2 What constitutes revenue?

  1. What is IFRS all about? Why do you think the Notes to the Financial Statements and Accounting Policies are so important?

2 What constitutes revenue? How is it recognised?

3 What is operating profit?

4 Gross profit is considered key in many companies. How useful are these measures?

5 What is EPS? What does this indicate?

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