Which of the Following Is Not an Effect of the IFRS

question 36

Multiple Choice

Which of the following is not an effect of the IFRS for SMEs?

• A)It omits topics in IFRS that are not relevant to SMEs
• B) It allows the easier option when IFRS permits accounting policy choices
• C) It simplifies many principles for recognizing and measuring assets, liabilities, income, and expenses
• D) It requires significantly greater disclosures

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Definitions:

Classical Conditioning

The acquisition of knowledge through the connection between a stimulus in the environment and one that naturally exists.

Phobias

Extreme or irrational fears of specific objects, situations, or activities, leading to significant distress and avoidance behavior.

Operant Conditioning

A teaching mechanism in which the intensity of an action is altered through positive reinforcement or disciplinary actions.

Expectancy

The anticipation or belief about what will happen in the future, often based on past experiences or current evidence.