Question

In terms of lAS 1.112, what must the notes to the financial statements include?

a.

Only information about the basis of preparation

b.

Only information required by IFRS

c.

Only additional information relevant to understanding the financial statements

d.

Information about the basis of preparation, specific accounting policies, information required by IFRS, and additional information relevant to understanding the financial statements.

Posted under IC 89 Management Accounting

Answer: (d).Information about the basis of preparation, specific accounting policies, information required by IFRS, and additional information relevant to understanding the financial statements. Explanation:According to lAS 1.112, the notes must include information about the basis of preparation, specific accounting policies, information required by IFRS, and additional information relevant to understanding the financial statements.

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Q. In terms of lAS 1.112, what must the notes to the financial statements include?
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