[Scooterbunny]

I cannot find the answer to this in the text. page 78 in the 2014 FAR Wiley review book;

81. Under IFRS, which of the following is the first step within the hierarchy of guidance to which management refers, and whose applicability it considers, when selecting accounting policies?

Answer: Apply a standard from IFRS if it specifically relates to the transaction, other event, or condition.

I obviously looked up the explanation but I can’t find the source for it in the book. It should be between pages 61-69, but I can’t find it and it’s driving me crazy!!!

On track to be a CPA in 2015!