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When does an entity may change one of its accounting policies?

a. Whenever it wishes to do so b. If this would result in the provision of reliable and more relevant information c. If this would reduce the cost of preparing the financial statements d. Never

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Question added by Deleted user
Date Posted: 2013/08/27
Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

b. If this would result in the provision of reliable and more relevant information

Prince Ninan
by Prince Ninan , Audit Executive , Lewis & Pecker

a)If required by law

b)If it results in better presentation of financial statements.

taha amer
by taha amer , Finance Manager , Arabia ‎Holding

    d.
Never

Farhan uddin Khilji
by Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

 If this would result in the provision of reliable and more relevant information, required by an IFRS or by law.

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