Question

32. How many significant accounting policies are listed under its Summary of Significant Accounting Policies

Answer 1

There are various significant accounting policies which are governed by IFRS and GAAP framework.

Step-by-step explanation:

The significant accounting policies are revenue recognition, inventories accounting cost or NRV, Property plant and equipment, goodwill recognition and others. These policies are governed by accounting frameworks such as GAAP and IFRS. Both of these frameworks have differences in accounting treatment.