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Question · Material accounting policy information

Saphir SA's notes reproduce word for word, for 14 accounting policies, the text of the corresponding standards, and say almost nothing about the accounting for its multi-year maintenance contracts, which account for 45% of its revenue and rest on a management judgement (case facts). Management considers the whole "complete and compliant". Write a short justification stating whether these notes meet the requirement for material accounting policy information.

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Judgment question: compare your answer with the criteria and the model explanation.

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