Under the IASB/AASB Conceptual Framework, relevance is one of the fundamental qualitative characteristics of financial...
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Accounting
Under the IASB/AASB Conceptual Framework, relevance is one of the fundamental qualitative characteristics of financial information.
REQUIRED:
1) With examples discuss what are the two aspects of relevance.
2) When would assets or liability may not provide relevant information?
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