The Usual Measurement Basis Allowed by the IFRS and Adopted

question 3

Multiple Choice

The usual measurement basis allowed by the IFRS and adopted in practice for subsequent measurement of long-term borrowings in IFRS consolidated financial statements is:

• A)Cost
• B)Fair value
• C)Amortised cost
• D)Expected payments

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Definitions:

Annual Cost Savings

The reduction in total expenses achieved during a fiscal year, often as a result of process improvements or budget adjustments.

Intangible Benefits

Non-monetary advantages that cannot be easily quantified or directly measured, such as brand recognition, customer loyalty, and employee satisfaction.

Automated Equipment

Machinery and tools that operate independently or with minimal human intervention, often used to improve efficiency in manufacturing processes.

Financially Attractive

Describes investments, projects, or opportunities that are expected to provide a high return relative to their cost.