Which of the Following Is Not One of the Key

question 38

Multiple Choice

Which of the following is not one of the key reasons given by the IASB for issuing a standard on fair value measurement?

• A)To establish a single source of guidance for all fair value measurements required or permitted by IFRSs to reduce complexity and improve consistency in their application.
• B)To clarify the definition of fair value and related guidance in order to communicate the measurement objective more clearly.
• C)To require the use of fair value when accounting for all assets and liabilities.
• D)To enhance disclosures about fair value to enable users of financial statements to assess the extent to which fair value is used and to inform them about the inputs used to derive those fair values.

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Definitions:

Major Life Decisions

Major life decisions are significant choices that influence the course of one's life, such as career selection, marriage, and buying a house.

Psychoanalytic Principles

Concepts and theories developed by Sigmund Freud and his successors that emphasize unconscious processes, conflicts, and past experiences in understanding human behavior.

Internet-Based Therapy

Psychological counseling and therapy services provided over the internet, including through emails, video conferencing, online chats, or digital interventions.

Virtual-Reality Therapy

A method of psychological therapy that uses virtual reality technology to simulate real-life situations as part of the treatment process.