CIMA Financial Reporting F1 Question # 40 Topic 5 Discussion

CIMA Financial Reporting F1 Question # 40 Topic 5 Discussion

F1 Exam Topic 5 Question 40 Discussion:
Question #: 40
Topic #: 5

The International Accounting Standards Board's "The Conceptual Framework for Financial Reporting" identifies fundamental and enhancing qualitative characteristics of financial statements.

Which of the following is included within the fundamental characteristics?


A.

Comparability


B.

Verifiability


C.

Understandability


D.

Materiality


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