International Financial Reporting Standard (IFRS): International financial reporting standards (IFRS) are standards which prepare the framework for reporting financial statements across the international boundaries. To determine when the retrospective approach is not suitable.

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Chapter 22, Problem 4IST

To determine

International Financial Reporting Standard (IFRS): International financial reporting standards (IFRS) are standards which prepare the framework for reporting financial statements across the international boundaries.

To determine when the retrospective approach is not suitable.

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