Canadian ASPE Allows Accrual Accounting as an Option Whereas IFRS

question 193

True/False

Canadian ASPE allows accrual accounting as an option whereas IFRS requires accrual accounting.

---

Definitions:

Air-fluidized Bed

A therapeutic bed that uses warm air under pressure to simulate the feeling of fluid suspension, often used for patients with pressure ulcers.

Gel Overlay

A gel material used on beds or chairs to enhance comfort and prevent pressure sores.

Bariatric Bed

A specially designed hospital bed for overweight or obese patients, providing extra support and space.

Pressure Reduction

A strategy or device designed to decrease pressure in a specific area, often used in medical contexts to prevent pressure ulcers.