Multiple Choice
In accordance with AASB 101 'Presentation of Financial Statements a financial report comprises of........?
A) a balance sheet, an income statement and cash flow statement.
B) a balance sheet, an income statement, a statement of changes in equity and a cash flow statement.
C) a balance sheet, an income statement, a statement of changes in equity, a cash flow statement and notes to the accounts.
D) a balance sheet, an income statement, a cash flow statement and notes to the accounts.
E) a balance sheet, an income statement, a statement of changes in equity and notes to the accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: In recent times the AASB has been
Q3: Which body reviews,on a timely basis within
Q4: Which of the following most accurately describes
Q5: An argument to support the requirement that
Q7: The Corporations Act is very specific about
Q8: The main benefits of international harmonisation are
Q9: The functioning of the Auditing and Assurance
Q10: The role of the Financial Reporting Council
Q10: Pursuant to sections 298-300AA of the Corporations
Q11: What option(s)does a company have when directors