ards. 1. History of Accounting standards (IFRS and GAAP) 2. Boards or organization associated IFRS. Structure of the board. 3. Process of
ards. 1. History of Accounting standards (IFRS and GAAP) 2. Boards or organization associated IFRS. Structure of the board. 3. Process of
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 8MC: This is the independent federal agency protecting the interests of investors, regulating stock...
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a. Discuss in detail about accounting standards.
1. History of Accounting standards (IFRS and GAAP)
2. Boards or organization associated IFRS. Structure of the board.
3. Process of developing IFRS or amending for existing IFRS.
4. Detailed discussion of any Two updated IFRS.
b. Discuss about Regulatory authority for monitoring accounting standards and Financial Reporting in Oman and other GCC countries.
c. Write a summary of IFRS 7, and 13 and show sample illustrations for measurement and de-recognition of financial assets and financial liabilities.
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