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Objective IAS 1 sets out the overall requirements for the presentation of financial statements, ensuring comparability, transparency, and fair presentation

Objective IAS 2 prescribes the accounting treatment for inventories, focusing on: Measurement Cost determination Expense recognition Write-downs to net realizable

Objective IAS 7 requires an entity to present information about cash flows during a period — showing how cash and

Objective IAS 8 prescribes: How to select and apply accounting policies, How to account for changes in accounting policies and

Objective IAS 10 prescribes when and how an entity should adjust its financial statements for events that occur between the

Objective IAS 12 prescribes how to account for income taxes, including both: Current tax (taxes payable or recoverable for the

Objective IAS 16 prescribes the accounting treatment for property, plant, and equipment (PPE).It covers recognition, measurement, depreciation, and derecognition of

Objective IAS 19 prescribes the accounting and disclosure requirements for employee benefits, including short-term benefits, post-employment benefits, other long-term benefits,

Objective IAS 21 prescribes the accounting treatment for transactions in foreign currencies and foreign operations, ensuring that financial statements reflect