CFA Practice Question

There are 86 practice questions for this study session.

CFA Practice Question

Under IFRS the preparation of a complete set of financial statements is best described as a(n) ______.

A. objective of financial reporting
B. general requirement for financial statements
C. qualitative characteristic of the IFRS Framework
Correct Answer: B

The preparation of a complete set of financial statements is a general requirement for financial statements.

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