Hello Everyone,
I went through the outline and determined the changes below since 2014, correct me or add if needed (stars (*) represent either additions or subtractions from the:
Eliminated below from I. Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements (17% – 23%) under
C. Financial Reporting, Presentation and Disclosures in General-Purpose Financial
Statements
****8. First time adoption of IFRS****
Under E. Other Financial Statement Presentations
*****1. Cash basis*****
*****2. Modified cash basis****
******3. Income tax basis******
Added to section E. Other Financial Statement Presentations
****3. Liquidation basis financial statements*****
New section added ****F. Special Purpose Frameworks********
Under section III. Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% – 33%)
*****H. Extraordinary and unusual items replaced with going concern*****