Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

Which statement is not correct regarding the reasons for adopting international accounting standards?

  • AAssists when making comparisons between companies
  • BImproves the reliability of accounting information
  • CNarrows the areas of difference in financial reporting
  • DMakes the preparation of financial statements less time-consuming

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI