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CR – Nov 2016 – L3 – Q7b – Regulatory Environment for Corporate Reporting

Identify SAS standards that are still applicable in Nigeria post-IFRS adoption.

Statements of Accounting Standards (SAS) in Nigeria have been replaced by International Financial Reporting Standards (IFRS); however, some local standards relating to industry-specific rules not found in IFRS are still expected to be applied by companies in relevant industries, provided they do not conflict with IFRS.

You are required to examine the above statement and identify those Statements of Accounting Standards that are still applicable after the adoption of IFRS. (5 Marks)

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FA – Nov 2011 – L1 – SB – Q2b – Regulatory Environment of Accounting

This question asks for the definition of construction contracts according to SAS 5.

Define “Construction Contracts” in accordance with SAS 5.

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FA – Nov 2011 – L1 – SB – Q2a – Regulatory Environment of Accounting

This question asks for the SAS relating to construction contracts.

Which Statement of Accounting Standard (SAS) is on Construction Contract?

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You're reporting an error for "FA – Nov 2011 – L1 – SB – Q2a – Regulatory Environment of Accounting"

CR – Nov 2016 – L3 – Q7b – Regulatory Environment for Corporate Reporting

Identify SAS standards that are still applicable in Nigeria post-IFRS adoption.

Statements of Accounting Standards (SAS) in Nigeria have been replaced by International Financial Reporting Standards (IFRS); however, some local standards relating to industry-specific rules not found in IFRS are still expected to be applied by companies in relevant industries, provided they do not conflict with IFRS.

You are required to examine the above statement and identify those Statements of Accounting Standards that are still applicable after the adoption of IFRS. (5 Marks)

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Report an error

You're reporting an error for "CR – Nov 2016 – L3 – Q7b – Regulatory Environment for Corporate Reporting"

FA – Nov 2011 – L1 – SB – Q2b – Regulatory Environment of Accounting

This question asks for the definition of construction contracts according to SAS 5.

Define “Construction Contracts” in accordance with SAS 5.

Login or create a free account to see answers

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Report an error

You're reporting an error for "FA – Nov 2011 – L1 – SB – Q2b – Regulatory Environment of Accounting"

FA – Nov 2011 – L1 – SB – Q2a – Regulatory Environment of Accounting

This question asks for the SAS relating to construction contracts.

Which Statement of Accounting Standard (SAS) is on Construction Contract?

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Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "FA – Nov 2011 – L1 – SB – Q2a – Regulatory Environment of Accounting"

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