Which one of the following is NOT an objective of the first-time adoption standa

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1.       Which one of the following is NOT an objective of the first-time adoption standard? Answer                                         
              The first set of IFRS financial statements should be high quality.                             
              The first set of IFRS financial statements should be transparent and comparable over all periods presented.                             
              The first set of IFRS financial statements should provide a good starting point for accounting under IFRS.                             
              The first set of IFRS financial statements should be generated such that the costs exceed the benefits.        

      

1.       Which one of the following is NOT an objective of the first-time adoption standard? Answer                                         
              The first set of IFRS financial statements should be high quality.                             
              The first set of IFRS financial statements should be transparent and comparable over all periods presented.                             
              The first set of IFRS financial statements should provide a good starting point for accounting under IFRS.                             
              The first set of IFRS financial statements should be generated such that the costs exceed the benefits.        

         Which one of the following is NOT an objective of the first-time adoption standard? Answer                                         
           The first set of IFRS financial statements should be high quality.                             
           The first set of IFRS financial statements should be transparent and comparable over all periods presented.                             
           The first set of IFRS financial statements should provide a good starting point for accounting under IFRS.                             
           The first set of IFRS financial statements should be generated such that the costs exceed the benefits.         Which one of the following is NOT an objective of the first-time adoption standard? Which one of the following is NOT an objective of the first-time adoption standard? The first set of IFRS financial statements should be high quality. The first set of IFRS financial statements should be transparent and comparable over all periods presented. The first set of IFRS financial statements should provide a good starting point for accounting under IFRS. The first set of IFRS financial statements should be generated such that the costs exceed the benefits.                             
           The first set of IFRS financial statements should be high quality.                             
           The first set of IFRS financial statements should be transparent and comparable over all periods presented.                             
           The first set of IFRS financial statements should provide a good starting point for accounting under IFRS.                             
           The first set of IFRS financial statements should be generated such that the costs exceed the benefits.

Explanation / Answer

The first set of IFRS financial statements should be high quality.

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