Question: what are the advantages of preparing the financial statements in accordance with ifrs?
Answer: 1.1 Focus on investors. ... , 1.2 Loss recognition timeliness. ... , 1.3 Comparability. ... , 1.4 Standardization of accounting and financial reporting. ... , 1.5 Improved consistency and transparency of financial reporting. ... , 1.6 Better access to foreign capital markets and investments.