Purpose of the financial statement presentation project

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Reference no: EM131253600

The IASB and FASB are working on several joint projects. What is the purpose of the Financial Statement Presentation Project? (Points : 1.5)

A. to provide guidance on the application of the acquisition method.

B. to enhance the usefulness of information in assessing the financial performance of the reporting enterprise.

C. to develop a common comprehensive standard on revenue recognition.

D. to develop a common conceptual framework that both boards can use as a basis for future standard-setting.

E. to agree upon financial statement titles that will have no differentiation after translation to various languages.

Reference no: EM131253600

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