Q. How are contingent liabilities classified?

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Q. What should be disclosed regarding dividends?

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Q. In the notes to the financial statements, how should revenue from operations be disclosed for a company other than a finance company?

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Q. How should revenue from operations be disclosed for a finance company in the notes to the financial statements?

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Q. How should finance costs be disclosed in the statement of profit and loss?

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Q. How is other income classified in the statement of profit and loss?

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Q. How should net gain or loss on foreign currency transaction and translation be treated in the financial statements?

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Q. What should be disclosed regarding payments to auditors in the financial statements?

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Q. How should details of items of exceptional and extraordinary nature be disclosed?

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Q. How are amounts set aside or proposed to be set aside to reserves treated in the financial statements?

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Q. How should expenditure incurred on each of the listed items be presented in the profit and loss account?

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Q. How should dividends from subsidiary companies be treated in the profit and loss account?

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Q. What information should be provided in the profit and loss account by way of a note regarding expenditure in foreign currency?

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Q. What information should be provided in the profit and loss account by way of a note regarding the value of imports?

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Q. What are the primary legislations providing the legal framework for insurance accounting in India?

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Q. According to Section 11 of the Insurance Act, 1938, what financial statements are insurers required to prepare at the expiration of each financial year?

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Q. What is the requirement for insurers regarding the maintenance of separate accounts?

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Q. Which of the following is NOT listed as a major consideration for accounting and financial management for insurance companies in India?

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Q. According to IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, which schedule provides the requirements for preparing financial statements for an insurer carrying on life insurance business?

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Q. For an insurer carrying on general insurance business, which schedule of the IRDA Regulations specifies the requirements for preparing financial statements?

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