Question：Which one or more of the following options are advantages of the IASB Framework document?
A. It is consistent with US GAAP.
B. It demands that accounts contain relevant information.
C. It helps to reduce the scope for individual judgement and potential subjectivity.
D. A coherent conceptual framework can suggest solutions to many issues.
The correct answers are:
A coherent conceptual framework can suggest solutions to many issues.
It helps to reduce the scope for individual judgement and potential subjectivity.
It demands that accounts contain relevant information.
解析：It helps ensure that solutions to different issues are the right ones and are consistently applied. It provides guidance in areas not subject to accounting standards, which will help make different financial statements more comparable.
This may mean that the legal form of transaction is superseded by the substance of the transaction as required by IAS 1 Presentation of financial statements.
Although the Framework document is similar to the US Statement of Principles (issued by FASB in the USA) it is not the same. Also, not all the US GAAP rules are consistent with the US Statement of Principles!
　　高顿网校温馨提醒
　　各位考生，2016年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。戳这里进入ACCA免费题库>>>

微信扫一扫，关注ACCA*7资讯，满满的干货喂饱你！ACCA微信公众号：gaodunaccaACCA分享与交流QQ群：227573128 

展开全文