Question

lAS 1.114 suggests presenting notes in which order?

a.

First, information required by IFRS; second, significant accounting policies; third, supporting information for items presented on the face of the financial statements; fourth, other disclosures.

b.

First, a summary of significant accounting policies; second, supporting information for items presented on the face of the financial statements; third, a statement of compliance with IFRS; fourth, other disclosures.

c.

First, supporting information for items presented on the face of the financial statements; second, information required by IFRS; third, significant accounting policies; fourth, other disclosures.

d.

First, a statement of compliance with IFRS; second, a summary of significant accounting policies; third, supporting information for items presented on the face of the financial statements; fourth, other disclosures.

Answer: (b).First, a summary of significant accounting policies; second, supporting information for items presented on the face of the financial statements; third, a statement of compliance with IFRS; fourth, other disclosures. Explanation:lAS 1.114 suggests presenting notes in the following order: a summary of significant accounting policies, supporting information for items presented on the face of the financial statements, a statement of compliance with IFRS, and other disclosures.

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Q. lAS 1.114 suggests presenting notes in which order?

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