Advantages of IFRS
Write down the advantages of IFRS.
Expert
Advantages of IFRSs:
• IFRSs offer more precise, complete and timely financial statement detail information relative to national standards they replace in various countries
• There are reduced costs coming up from being informed in the timely fashion (mainly benefits small investors who, unlike investment analysts, don’t have access to other sources of detailed information).
Why it is significant for managers to have cost information.
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