Which of the following statements is false?

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Accrual and Cash Basis True Or False?
Posted by:
Tamer Elbeshbishy
31-March-2016

(a) IFRS employs the time period assumption.

(b) IFRS employs accrual accounting.

(c) IFRS requires that revenues and costs must be capable of being measured reliably.

(d) IFRS uses the cash basis of accounting.

Accounting Cost Accounting Economics

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Date de publication: 2016/08/28

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Jafar Ali Wahed Mohammed

par Jafar Ali Wahed Mohammed , Finance Manager , Al Jubiri Group

d) IFRS Uses the cash basis of Accounting.

it shall be noted that the IFRS supports only Accrual basis which is the Primary Accounting Convention.

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