IFRS (International Accounting Rules)are Much More Specific Than GAAP and Allow

question 139

True/False

IFRS (international accounting rules)are much more specific than GAAP and allow for far less professional judgment.

---

Definitions:

Economic Background

Refers to the financial and socioeconomic circumstances in which an individual or family lives and has grown up.

Friendly

Characterized by kindness, warmth, and a willingness to engage in positive interactions with others.

Popular

Widely liked, appreciated, or accepted by a large number of people.