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I need the following questions to be answered in details! please use good easy English to explain! good grammar.
Here are 4 International Accounting Standards: IAS 1, IAS 7, IAS 8 and IAS 21.
Please explain their relevance to the preparation of the financial statements
Present the 4 International accounting policies.
• What are each of them concerned with?
• What are they stating and regulating?
• What are their implications in to the day by day accounting practice?