Question
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.
Posted under IC 89 Management Accounting
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. lAS 1.114 suggests presenting notes in which order?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is the purpose of presenting notes in the order suggested by lAS 1.114?
View solution
Q. According to Schedule III of the Act 2013, if compliance with the requirements of the Act necessitates any change in the financial statements, how should companies proceed?
View solution
Q. How does Schedule III specify the relationship between its disclosure requirements and the Accounting Standards prescribed under the Companies Act, 2013?
View solution
Q. What is the purpose of cross-referencing each item on the face of the Balance Sheet and Statement of Profit and Loss to related information in the notes to accounts?
View solution
Q. How should figures in the Financial Statements be rounded off based on the turnover of the company?
View solution
Q. When should corresponding amounts (comparatives) for the immediately preceding reporting period be given in the Financial Statements?
View solution
Q. What criteria classify an asset as current?
View solution
Q. How is the operating cycle defined in the context of balance sheet preparation?
View solution
Q. What classifies a liability as non-current?
View solution
Q. When is a receivable classified as a 'trade receivable'?
View solution
Q. When is a payable classified as a 'trade payable'?
View solution
Q. What information should be disclosed in the notes to accounts regarding share capital?
View solution
Q. Which of the following is not disclosed in the notes to accounts regarding share capital?
View solution
Q. How should reserves and surplus be classified?
View solution
Q. What is the term used for a reserve specifically represented by earmarked investments?
View solution
Q. How should the debit balance of the Statement of Profit and Loss be presented?
View solution
Q. How are long-term borrowings classified?
View solution
Q. When loans are guaranteed by directors or others, what information should be disclosed?
View solution
Q. How should bonds/debentures be presented in the financial statements?
View solution
Q. What should be specified regarding redeemed bonds/debentures that the company has the power to reissue?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!