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Under US GAAP and IFRS firms can change the accounting policies when preparing its financial statements . True or False ?

Accounting Auditing US GAAP CMA
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Question added by Deleted user
Date Posted: 2015/07/20
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Deleted user
by Deleted user

yes they can, if it better presents the financial information but this will distort the consistency of financial reporting. Also. management must justify the change 

Ganesh Ganesh Tukaram Ghudup

The answer to your question is this statement is False.

 

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