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A multinational company is converting the methodology of reporting by its subsidiaries in various countries...

A multinational company is converting the methodology of reporting by its subsidiaries in various countries to make it uniform with the requirements of the International Financial Reporting Standards (IFRS). While changing the reporting methodologies, accountants have to apply certain judgments.

Which one of the following is not a valid motivation for decision making on reporting methodologies?

A.

to comply with the information demands of government bodies in home country

B.

to present the company's financial performance in the most favourable way

C.

to present the financial statements in a manner that is understood by most users

D.

to be consistent with the methodologies followed in the home country of the company

CPA Australia Financial-Accounting-and-Reporting Summary

  • Vendor: CPA Australia
  • Product: Financial-Accounting-and-Reporting
  • Update on: Jan 6, 2026
  • Questions: 100
Price: $52.5  $149.99
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