Exam 14: The Statement of Comprehensive Income and Statement of Changes in Equity

The statement of profit or loss (income statement)under IAS 1 is designed to report all revenues and expenses to determine profit or loss.

(True/False)

4.8/5

(31)

Question 61

Which of the following is not a required disclosure pertaining to payments made to auditors?

(Multiple Choice)

4.7/5

(36)

Question 62

Paragraph 98 of IAS 1 lists some circumstances that may give rise to separate disclosure of items of income and expense.They include:

(Multiple Choice)

4.7/5

(35)

Question 63

Discuss the impact changes in accounting policies can have on users of the financial statements.

(Essay)

4.9/5

(38)

Question 64

'If we were to look only at the expenses and income ..... recorded in the statement of profit or loss we would not get a full picture of all expenses and income that were recognised in the current period'.Explain what this statement means,and other items that need to be 'looked at'?

(Essay)

4.8/5

(40)

Question 65

Showing 61 - 65 of 65

The statement of profit or loss (income statement)under IAS 1 is designed to report all revenues and expenses to determine profit or loss.

Which of the following is not a required disclosure pertaining to payments made to auditors?

Paragraph 98 of IAS 1 lists some circumstances that may give rise to separate disclosure of items of income and expense.They include:

Discuss the impact changes in accounting policies can have on users of the financial statements.

'If we were to look only at the expenses and income ..... recorded in the statement of profit or loss we would not get a full picture of all expenses and income that were recognised in the current period'.Explain what this statement means,and other items that need to be 'looked at'?

An Overview of the International External Reporting Environment

The Conceptual Framework of Accounting and Its Relevance to Financial Reporting

Theories of Financial Accounting

An Overview of Accounting for Assets

Depreciation of Property, Plant and Equipment

Revaluations and Impairment Testing of Non-Current Assets

Inventory

Accounting for Intangibles

An Overview of Accounting for Liabilities

Accounting for Leases

Share Capital, Reserves and Share Options Employee Bonus Schemes

Accounting for Financial Instruments

Revenue Recognition Issues

Accounting for Income Taxes

The Statement of Cash Flows

Events Occurring After the Reporting Date

Related-Party Disclosures

Earnings Per Share

Further Consolidation Issues I: Accounting for Intragroup Transactions

Further Consolidation Issues II: Accounting for Non-Controlling Interests

Further Consolidation Issues III: Accounting for Indirect Ownership Interest

Accounting for Foreign Currency Transactions

Translating the Financial Statements of Foreign Operations

Accounting for Corporate Social Responsibility

Filters