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IFRC

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › IFRC

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.
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    Posts
  • June 12, 2016 at 12:54 pm #322550
    sxhawty
    Member
    • Topics: 56
    • Replies: 25
    • ☆☆

    Petra is the head of finance in a multinational company. She wishes to ensure that all accounts staff processing financial information in the accounting system use generally accepted, common terminology to minimise the possibility of misunderstanding. She has informed accounts staff that they should in the future refer to creditors as accounts payable, to debtors as accounts receivable and to assets such as buildings, plant and machinery as non-current assets.
    Petra’s guidance is based on source information produced by which of the following?

    IFRS Interpretations Committee
    IFAC
    IFRS Advisory Council
    IASB

    My answer here is IFRC Advisory council but is it correct tho?

    June 12, 2016 at 1:09 pm #322567
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10604
    • ☆☆☆☆☆

    Where are you getting these questions? Why have you not access to the answers?

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