. In the absence of an IFRS Standard or Interpretation applicable to a type of...

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Accounting

. In the absence of an IFRS Standard or Interpretation applicable to a type of transaction, IAS 8 requires that management first consider what source of guidance when developing an accounting policy?

National accounting standards applicable to the transaction

IFRS Standards and Interpretations applicable to similar transactions

The qualitative characteristics of the Conceptual Framework

The definitions, recognition criteria and measurement concepts within the Conceptual Framework

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