Which of the Following Is NOT an Advantage to IFRS

question 2

Multiple Choice

Which of the following is NOT an advantage to IFRS adoption?

• A) It is a cost effective way to have a comprehensive set of standards
• B) It makes financial statements more comparable
• C) It makes accounting standard development more flexible
• D) None of the above, i.e. they are all advantages

---

Definitions:

Intermediation Revenue Model

A business model where a company earns revenue by acting as an intermediary between two or more parties in a transaction.

Transactions

refer to the action of conducting business, usually involving the exchange of goods, services, or funds between parties.

Licensing Revenue Model

Earning revenue by giving permission to other parties to use protected intellectual property (patents, copyrights, trademarks) in exchange for fees.

Intellectual Property

Legal rights that arise from the intellectual creativity of a person or company, including inventions, literary and artistic works, symbols, names, and images.