4 The transition to International Financial Reporting Standards (IFRSs) involves major change for companies as IFRSs

introduce significant changes in accounting practices that were often not required by national generally accepted

accounting practice. It is important that the interpretation and application of IFRSs is consistent from country to

country. IFRSs are partly based on rules, and partly on principles and management’s judgement. Judgement is more

likely to be better used when it is based on experience of IFRSs within a sound financial reporting infrastructure. It is

hoped that national differences in accounting will be eliminated and financial statements will be consistent and

comparable worldwide.

Required:(a) Discuss how the changes in accounting practices on transition to IFRSs and choice in the application of

individual IFRSs could lead to inconsistency between the financial statements of companies. (17 marks)

[试题]4 The International Accounting Standards Board (IASB) has begun a joint project to revisit its conceptual framework forfinancial accounting and reporting. The goals of the project are to build on the existing frameworks and converge theminto a common

[单选题][A] to finance [B] financed [C] the finance [D] to be financed

[单选题]My husband Christopher was once a financial planner. Even though he couldn't balance our budget，his clients trusted him completely and he made them feel secure. In exchange they paid him very well. We had a nice life then. At that time，my yoga studi

[单选题]Premiere Pro CS4不但提供了一组“Video Transitions”特效以实现视频转场，在“Video Effects”中还有一组“Transition”转场效果，关于这两组转场效果，以下各项描述准确的是（）A . Video Transitions中的转场特效只可以施加给一个素材片断B . Video Transitions中的转场特效只能施加给相邻的两个素材片断C . 在“Video Effects”中的“Transition”

[名词解释] 转轨经济（Transition Economy）

[单选题]American youngpeople find the [transition] into adulthood easy to face.A.ch

[单选题]American youngpeople find the [transition] into adulthood easy to face.A.ch

[判断题]International Commercial Terms （International Rulesfor the Interpretation o

[判断题]International Commercial Terms （International Rulesfor the Interpretation o

[判断题]Shipping documents play an important role in international trade， internati