Exam 17: Presentation of Financial Statements

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According to AASB 1039,in order to provide clear information to shareholders,the concise financial report must disclose how many of the following? -Gross profit -Dividends per share -Earnings per share -The capitalisation ratio -Changes in accounting policies

(Multiple Choice)

4.8/5

(33)

Question 61

Under IAS 1/AASB 101,which format is subscribed for the statement of financial position?

(Multiple Choice)

4.9/5

(35)

Question 62

Under the Corporations Act 2001,the financial statements included in the annual report are specified as:

(Multiple Choice)

4.7/5

(36)

Question 63

Which of these is not an expense item that requires separate disclosure under the accounting standards in the statement of profit or loss and other comprehensive income or in the notes attached to the statement?

(Multiple Choice)

4.9/5

(35)

Question 64

How many of these expenses that would normally appear in an internally prepared profit and loss statement are required to be separately disclosed in an external statement prepared to conform to the requirements of the accounting standards? -Cleaning -Repairs and maintenance -Salaries and wages -Telephone expense

(Multiple Choice)

4.7/5

(32)

Question 65

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According to AASB 1039,in order to provide clear information to shareholders,the concise financial report must disclose how many of the following? -Gross profit -Dividends per share -Earnings per share -The capitalisation ratio -Changes in accounting policies

Under IAS 1/AASB 101,which format is subscribed for the statement of financial position?

Under the Corporations Act 2001,the financial statements included in the annual report are specified as:

Which of these is not an expense item that requires separate disclosure under the accounting standards in the statement of profit or loss and other comprehensive income or in the notes attached to the statement?

Decision Making and the Role of Accounting

Financial Statements for Decision Making

Recording Transactions

Adjusting the Accounts and Preparing Financial Statements

Completing the Accounting Cycle Closing and Reversing Entries

Accounting for Retailing

Accounting for Systems

Partnerships: Formation,operation and Reporting

Companies: Formation and Operations

Regulation and the Conceptual Framework

Cash Management and Control

Receivables

Inventories

Non-Current Assets: Acquisition and Depreciation

Non-Current Assets: Revaluation,disposal and Other Aspects

Liabilities

Statement of Cash Flows

Analysis and Interpretation of Financial Statements

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