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...C h a p t e r financial reporting and accounting standards intermediate ifrs edition kieso weygandt warfield slide learning objectives identify the major statements other means of explain how assists in efficient use scarce resources need for high quality objective policy setting bodies their role standard process meaning describe challenges facing global markets organizations general purpose iosco political environment iasb expectations gap hierarchy capital providers significant allocation entity perspective issues decision ethics usefulness international convergence world are becoming increasingly intertwined top companies terms sales number foreign found on national exchanges illustration exchange statistics...