Which Is One of the Options from Full IFRS Eliminated

question 3

Multiple Choice

Which is one of the options from full IFRS eliminated for SMEs?

• A)For inventory,measurement is driven by circumstances rather than allowing an accounting policy choice between the FIFO and Lower of Cost or Market models
• B)Various options for non-profit organization grants eliminated in favor of a single simplified model.
• C)Biological assets measured at fair value with changes taken to profit and loss only when fair value is readily determinable without undue cost or effort.Otherwise,use cost-depreciation-impairment model.
• D)Share-based payments require use future value of the compensation option

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Definitions:

Profitability Index

A calculation that determines the relative profitability of an investment, expressed as the ratio of the present value of future cash flows over the initial investment cost.

Internal Rate Of Return

In financial evaluation, it's a measure used to assess the profitability of forthcoming investments, identified by the yield rate that renders the net present value of the project's cash flows neutral.

Required Rate Of Return

The minimum annual percentage return an investor expects to achieve by investing in a particular asset.

Internal Rate Of Return

A metric used in capital budgeting to estimate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows from a particular project equal to zero.